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

UMH Properties (NYSE:UMH) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Wedbush reissued a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, UMH Properties currently has a consensus rating of “Hold” and an average price target of $21.17.

UMH Properties Trading Up 1.0 %

UMH opened at $18.70 on Thursday. UMH Properties has a one year low of $14.73 and a one year high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 143.82, a P/E/G ratio of 2.93 and a beta of 1.29. The stock’s 50 day moving average price is $18.19 and its 200-day moving average price is $18.77.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.21. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of ($126.74) million during the quarter, compared to the consensus estimate of $59.73 million. On average, equities analysts forecast that UMH Properties will post 0.93 EPS for the current year.

Institutional Trading of UMH Properties

A number of hedge funds have recently bought and sold shares of the stock. GF Fund Management CO. LTD. bought a new position in shares of UMH Properties in the 4th quarter worth $26,000. Farther Finance Advisors LLC raised its holdings in UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,456 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of UMH Properties by 861.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,748 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of UMH Properties during the 4th quarter worth approximately $38,000. Finally, Loomis Sayles & Co. L P lifted its position in UMH Properties by 2,760.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 2,346 shares during the last quarter. Hedge funds and other institutional investors 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.