UMH Properties (NYSE:UMH) Stock Rating Lowered by StockNews.com

UMH Properties (NYSE:UMH) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other research firms have also weighed in on UMH. Wedbush lifted their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Alliance Global Partners started coverage on shares of UMH Properties in a report on Thursday, July 18th. They set a “buy” rating and a $21.00 price target for the company. Finally, B. Riley lifted their price objective on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, UMH Properties has an average rating of “Hold” and an average price target of $21.25.

UMH Properties Stock Performance

UMH traded up $0.40 during trading on Friday, hitting $19.35. 472,734 shares of the stock were exchanged, compared to its average volume of 406,981. The firm has a market capitalization of $1.52 billion, a P/E ratio of 148.85, a PEG ratio of 3.38 and a beta of 1.30. UMH Properties has a 1-year low of $13.91 and a 1-year high of $20.64. The stock has a fifty day moving average price of $19.23 and a two-hundred day moving average price of $17.57. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49.

UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). UMH Properties had a return on equity of 6.49% and a net margin of 11.81%. The business had revenue of $60.33 million for the quarter, compared to analyst estimates of $59.84 million. During the same quarter in the prior year, the company earned $0.21 EPS. As a group, sell-side analysts predict that UMH Properties will post 0.93 earnings per share for the current year.

Insider Activity

In other news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total transaction of $52,758.00. Following the sale, the director now owns 412 shares in the company, valued at $8,050.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.63% of the company’s stock.

Institutional Investors Weigh In On UMH Properties

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in UMH Properties by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock worth $6,218,000 after acquiring an additional 34,249 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in UMH Properties by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock valued at $6,745,000 after buying an additional 41,774 shares during the last quarter. Kennedy Capital Management LLC raised its position in shares of UMH Properties by 245.9% during the 1st quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock valued at $10,789,000 after acquiring an additional 472,307 shares in the last quarter. EntryPoint Capital LLC grew its position in shares of UMH Properties by 843.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,806 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of UMH Properties by 1.9% in the 1st quarter. Swiss National Bank now owns 124,500 shares of the real estate investment trust’s stock worth $2,022,000 after purchasing an additional 2,300 shares during the last quarter. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.