UMH Properties (NYSE:UMH) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of UMH Properties (NYSE:UMH) from a hold rating to a sell rating in a report published on Tuesday.

Separately, Wedbush reiterated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. One 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’s stock. Based on data from MarketBeat, UMH Properties currently has an average rating of “Hold” and a consensus price target of $21.25.

UMH Properties Stock Performance

UMH Properties stock opened at $18.33 on Tuesday. UMH Properties has a 12-month low of $14.09 and a 12-month high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The business’s 50-day moving average price is $18.27 and its two-hundred day moving average price is $18.93. The stock has a market cap of $1.45 billion, a PE ratio of 141.00, a P/E/G ratio of 2.93 and a beta of 1.28.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s payout ratio is 661.54%.

Institutional Trading of UMH Properties

Hedge funds have recently made changes to their positions in the company. Capital Research Global Investors lifted its stake in shares of UMH Properties by 124.5% in the fourth quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust’s stock worth $76,121,000 after acquiring an additional 2,236,080 shares during the period. Raymond James Financial Inc. acquired a new position in shares of UMH Properties in the fourth quarter worth approximately $23,396,000. State Street Corp lifted its stake in shares of UMH Properties by 44.5% in the third 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 period. Vanguard Group Inc. lifted its stake in shares of UMH Properties by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock worth $141,722,000 after acquiring an additional 799,798 shares during the period. Finally, APG Asset Management US Inc. acquired a new position in shares of UMH Properties in the fourth quarter worth approximately $9,121,000. 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.