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

UMH Properties (NYSE:UMH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

A number of other research firms also recently commented on UMH. Wedbush reissued a “neutral” rating and issued a $17.00 target price on shares of UMH Properties in a report on Monday, March 25th. Compass Point lifted their price target on UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, B. Riley assumed coverage on UMH Properties in a research note on Thursday, March 21st. They set a “buy” rating and a $18.50 price target for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, UMH Properties currently has a consensus rating of “Hold” and an average target price of $19.00.

UMH Properties Price Performance

UMH Properties stock opened at $15.17 on Tuesday. UMH Properties has a one year low of $13.26 and a one year high of $16.85. The company has a debt-to-equity ratio of 1.66, a quick ratio of 6.52 and a current ratio of 6.52. The business has a fifty day moving average of $15.46 and a two-hundred day moving average of $14.95. The company has a market cap of $1.05 billion, a P/E ratio of -101.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.24.

Insider Transactions at UMH Properties

In related news, COO Brett Taft sold 9,800 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total value of $155,918.00. Following the completion of the transaction, the chief operating officer now owns 97,049 shares of the company’s stock, valued at approximately $1,544,049.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UMH. Wealthcare Advisory Partners LLC grew its holdings in UMH Properties by 7.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 15,615 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 1,090 shares during the period. Pensionfund Sabic grew its holdings in UMH Properties by 11.3% in the 1st quarter. Pensionfund Sabic now owns 29,564 shares of the real estate investment trust’s stock valued at $480,000 after buying an additional 3,000 shares during the period. Pensionfund DSM Netherlands grew its holdings in UMH Properties by 5.5% in the 1st quarter. Pensionfund DSM Netherlands now owns 57,900 shares of the real estate investment trust’s stock valued at $940,000 after buying an additional 3,000 shares during the period. Quadrature Capital Ltd purchased a new stake in UMH Properties in the 4th quarter valued at about $325,000. Finally, Vanguard Group Inc. grew its holdings in UMH Properties by 10.6% in the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock valued at $100,212,000 after buying an additional 629,427 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

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.