UMH Properties (NYSE:UMH) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of UMH Properties (NYSE:UMH - Free Report) from a sell rating to a hold rating in a report released on Saturday.

Other equities research analysts have also recently issued reports about the stock. B. Riley raised their price target on shares of UMH Properties from $18.50 to $22.50 and gave the stock a "buy" rating in a report on Thursday, August 15th. Wedbush boosted their target price on UMH Properties from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, UMH Properties has a consensus rating of "Moderate Buy" and an average price target of $21.25.

UMH Properties Trading Down 0.8 %

Shares of NYSE UMH traded down $0.16 during midday trading on Friday, reaching $19.16. The stock had a trading volume of 292,077 shares, compared to its average volume of 406,655. The company's 50 day moving average price is $19.23 and its 200 day moving average price is $17.73. 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 twelve month low of $13.91 and a twelve month high of $20.64. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 147.40, a price-to-earnings-growth ratio of 3.54 and a beta of 1.30.

UMH Properties (NYSE:UMH - Get Free Report) 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. As a group, sell-side analysts expect that UMH Properties will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties's dividend payout ratio (DPR) is presently 661.59%.

Insider Buying and Selling

In other news, CEO Samuel A. Landy sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,104,826 shares of the company's stock, valued at $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of 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 worth $33,520,000 after purchasing an additional 59,705 shares during the last quarter. Vestcor Inc purchased a new stake in UMH Properties in the third quarter worth $1,119,000. Barclays PLC grew its stake in shares of UMH Properties by 101.1% during the 3rd 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 during the period. Public Employees Retirement System of Ohio raised its stake in UMH Properties by 4.2% in the 3rd 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 acquiring an additional 3,925 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in UMH Properties by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 82,200 shares of the real estate investment trust's stock valued at $1,617,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors 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.