StockNews.com Upgrades UMH Properties (NYSE:UMH) to “Hold”

UMH Properties (NYSE:UMH) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also commented on UMH. B. Riley upped their target price on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research report on Thursday, August 15th. Wedbush upped their price objective on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Stock Performance

UMH stock opened at $19.16 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The business has a 50-day moving average price of $19.23 and a 200 day moving average price of $17.73. The company has a market capitalization of $1.51 billion, a P/E ratio of 147.40, a PEG ratio of 3.54 and a beta of 1.30. UMH Properties has a 1-year low of $13.91 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The firm had revenue of $60.67 million during the quarter, compared to the consensus estimate of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the prior year, the firm posted $0.22 earnings per share. As a group, equities research analysts forecast that UMH Properties will post 0.93 EPS for the current fiscal year.

Insider Activity

In related news, CEO Samuel A. Landy sold 50,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.63% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UMH. American Century Companies Inc. increased its stake in shares of UMH Properties by 1.0% in the 2nd quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock worth $46,869,000 after acquiring an additional 29,320 shares during the last quarter. State Street Corp increased its stake in shares of UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after acquiring an additional 863,089 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of UMH Properties by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust’s stock worth $54,311,000 after acquiring an additional 8,946 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of UMH Properties by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock worth $15,456,000 after acquiring an additional 22,844 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of UMH Properties by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock worth $18,505,000 after acquiring an additional 56,662 shares during the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

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.