UMH Properties (NYSE:UMH) Cut to “Sell” at StockNews.com

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

Separately, Wedbush reissued a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.17.

UMH Properties Stock Performance

Shares of UMH stock traded up $0.31 on Monday, hitting $17.14. 329,071 shares of the stock were exchanged, compared to its average volume of 424,973. UMH Properties has a one year low of $14.73 and a one year high of $20.64. The firm’s 50 day moving average is $18.03 and its two-hundred day moving average is $18.55. The firm has a market capitalization of $1.42 billion, a PE ratio of 131.86, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in UMH Properties by 4.7% in the 3rd quarter. Stifel Financial Corp now owns 167,789 shares of the real estate investment trust’s stock worth $3,300,000 after buying an additional 7,546 shares during the last quarter. State Street Corp lifted its position 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. Public Employees Retirement System of Ohio boosted its stake in shares of UMH Properties by 4.2% during the third quarter. Public Employees Retirement System of Ohio now owns 97,624 shares of the real estate investment trust’s stock valued at $1,920,000 after purchasing an additional 3,925 shares during the period. Barclays PLC grew its holdings 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 purchasing an additional 80,660 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of UMH Properties by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock worth $33,520,000 after buying an additional 59,705 shares during the period. 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.