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

UMH Properties (NYSE:UMH) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

Separately, Wedbush reissued a “neutral” rating and set a $20.00 price target 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 two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.17.

UMH Properties Trading Down 0.4 %

NYSE UMH opened at $17.03 on Monday. The company has a 50-day moving average of $18.01 and a 200-day moving average of $18.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. UMH Properties has a 12 month low of $14.73 and a 12 month high of $20.64. The company has a market cap of $1.41 billion, a P/E ratio of 131.03, a P/E/G ratio of 2.93 and a beta of 1.17.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in UMH Properties during the 3rd quarter worth $675,000. Swiss National Bank increased its position in shares of UMH Properties by 12.4% during the fourth quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust’s stock worth $2,772,000 after acquiring an additional 16,200 shares during the last quarter. Barclays PLC lifted its stake in shares of UMH Properties by 101.1% in the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after acquiring an additional 80,660 shares in the last quarter. State Street Corp boosted its holdings in 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 valued at $55,127,000 after purchasing an additional 863,089 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in UMH Properties by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock valued at $33,520,000 after purchasing an additional 59,705 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

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.