UMH Properties (NYSE:UMH) Stock Rating Upgraded by StockNews.com

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

UMH has been the subject of several other research reports. B. Riley raised their target price on UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Wedbush lifted their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, UMH Properties currently has an average rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Stock Down 1.9 %

UMH Properties stock opened at $19.16 on Friday. The firm has a 50 day moving average price of $19.23 and a two-hundred day moving average price of $17.76. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. UMH Properties has a 52-week low of $13.91 and a 52-week high of $20.64. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 147.40, a PEG ratio of 3.43 and a beta of 1.30.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of $60.67 million during the quarter, compared to analyst estimates of $61.57 million. During the same quarter in the previous year, the firm earned $0.22 EPS. Equities analysts predict that UMH Properties will post 0.93 EPS for the current year.

Insider Activity

In related news, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total value of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares in the company, valued at $21,599,348.30. This represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.63% of the company’s stock.

Institutional Trading of UMH Properties

Several institutional investors and hedge funds have recently modified their holdings of UMH. Concurrent Investment Advisors LLC bought a new position in UMH Properties during the 3rd quarter valued at $614,000. Bank of New York Mellon Corp increased its stake in UMH Properties by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock valued at $6,218,000 after buying an additional 34,249 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of UMH Properties by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock worth $6,745,000 after buying an additional 41,774 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in shares of UMH Properties by 245.9% in the first quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock valued at $10,789,000 after acquiring an additional 472,307 shares in the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of UMH Properties by 843.9% during the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,806 shares during the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

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.