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

StockNews.com cut shares of UMH Properties (NYSE:UMH) from a hold rating to a sell rating in a research note published on Friday morning.

UMH has been the subject of a number of other research reports. B. Riley raised their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research report on Thursday, August 15th. Alliance Global Partners initiated coverage on shares of UMH Properties in a research report on Thursday, July 18th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Wedbush raised 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. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.25.

UMH Properties Price Performance

Shares of UMH opened at $19.53 on Friday. UMH Properties has a fifty-two week low of $13.91 and a fifty-two week high of $20.64. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 150.24, a price-to-earnings-growth ratio of 3.48 and a beta of 1.30. The firm has a 50-day simple moving average of $19.23 and a 200-day simple moving average of $17.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 6.77 and a current ratio of 8.48.

UMH Properties (NYSE:UMH) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of $60.67 million for the quarter, compared to analyst estimates of $61.57 million. During the same quarter last year, the company posted $0.22 EPS. On average, equities research analysts anticipate that UMH Properties will post 0.92 earnings per share for the current year.

UMH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a yield of 4.40%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Insider Buying and Selling at UMH Properties

In other news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total transaction of $52,758.00. Following the completion of the transaction, the director now directly owns 412 shares of the company’s stock, valued at $8,050.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. grew its stake in 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 period. Copeland Capital Management LLC grew its stake in 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 period. Dimensional Fund Advisors LP grew its stake in 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 period. D.A. Davidson & CO. grew its stake in UMH Properties by 5.7% in the 2nd quarter. D.A. Davidson & CO. now owns 871,668 shares of the real estate investment trust’s stock worth $13,938,000 after acquiring an additional 47,256 shares during the period. Finally, Raymond James & Associates grew its stake in UMH Properties by 5.2% in the 2nd quarter. Raymond James & Associates now owns 868,525 shares of the real estate investment trust’s stock worth $13,888,000 after acquiring an additional 43,154 shares during the period. 75.40% of the stock is owned by hedge funds and other institutional investors.

About UMH Properties

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.