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

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 Thursday.

Separately, Wedbush reissued a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.17.

UMH Properties Price Performance

UMH traded up $0.00 during trading on Thursday, reaching $18.49. 279,266 shares of the company traded hands, compared to its average volume of 399,107. The company has a market cap of $1.52 billion, a P/E ratio of 142.25, a PEG ratio of 2.93 and a beta of 1.29. 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 12-month low of $14.73 and a 12-month high of $20.64. The firm has a fifty day simple moving average of $18.19 and a 200 day simple moving average of $18.78.

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

Institutional Trading of UMH Properties

Hedge funds have recently made changes to their positions in the business. GF Fund Management CO. LTD. purchased a new position in UMH Properties in the fourth quarter worth about $26,000. Farther Finance Advisors LLC lifted its stake in shares of UMH Properties by 1,011.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,456 shares during the last quarter. Sterling Capital Management LLC boosted its holdings 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 purchasing an additional 1,748 shares during the period. Golden State Wealth Management LLC bought a new position in shares of UMH Properties during the 4th quarter valued at approximately $38,000. Finally, Loomis Sayles & Co. L P raised its holdings in UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 2,346 shares during the period. 75.40% of the stock is currently 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.