UMH Properties Inc (UMH) stock forecast: Can it reach its 52-week high of $19.79

At the time of writing, UMH Properties Inc [UMH] stock is trading at $19.66, up 2.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The UMH shares have gain 1.87% over the last week, with a monthly amount glided 3.64%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

UMH Properties Inc [NYSE: UMH] stock has seen the most recent analyst activity on July 18, 2024, when Alliance Global Partners initiated its Buy rating and assigned the stock a price target of $21. Wolfe Research downgraded its rating to a Peer Perform. Wolfe Research initiated its recommendation with a Outperform and recommended $19 as its price target on October 13, 2022. Colliers Securities started tracking with a Neutral rating for this stock on January 19, 2022, and assigned it a price target of $26. In a note dated August 27, 2021, Wedbush initiated an Outperform rating and provided a target price of $27.50 on this stock.

For the past year, the stock price of UMH Properties Inc fluctuated between $13.26 and $19.79. Currently, Wall Street analysts expect the stock to reach $20.5 within the next 12 months. UMH Properties Inc [NYSE: UMH] shares were valued at $19.66 at the most recent close of the market. An investor can expect a potential return of 4.27% based on the average UMH price forecast.

Analyzing the UMH fundamentals

According to UMH Properties Inc [NYSE:UMH], the company’s sales were 231.04M for trailing twelve months, which represents an 9.11% jump. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.44 points at the first support level, and at 19.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.91, and for the 2nd resistance point, it is at 20.17.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 6.26, the price to book ratio is 3.21.

Transactions by insiders

Recent insider trading involved Conway Kiernan, Director, that happened on Aug 15 ’24 when 2700.0 shares were purchased. Director, Conway Kiernan completed a deal on Aug 15 ’24 to sell 2700.0 shares. Meanwhile, Director LANDY MICHAEL P bought 4700.0 shares on Jun 18 ’24.

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