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

UMH Properties (NYSE:UMH - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Friday.

Several other equities research analysts also recently issued reports on UMH. B. Riley upped their price target on UMH Properties from $18.50 to $22.50 and gave the stock a "buy" rating in a report on Thursday, August 15th. Alliance Global Partners started coverage on UMH Properties in a research report on Thursday, July 18th. They set a "buy" rating and a $21.00 target price for the company. Finally, Wedbush raised their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, UMH Properties currently has a consensus rating of "Hold" and a consensus target price of $21.25.

UMH Properties Price Performance

Shares of UMH stock traded up $0.40 during trading hours on Friday, hitting $19.35. 472,734 shares of the company's stock were exchanged, compared to its average volume of 406,981. The stock's 50-day moving average is $19.23 and its 200-day moving average is $17.57. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.77 and a quick ratio of 6.77. UMH Properties has a 52 week low of $13.91 and a 52 week high of $20.64. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 148.85, a price-to-earnings-growth ratio of 3.38 and a beta of 1.30.

UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.21). UMH Properties had a return on equity of 6.49% and a net margin of 11.81%. The company had revenue of $60.33 million for the quarter, compared to the consensus estimate of $59.84 million. During the same period in the prior year, the company earned $0.21 EPS. As a group, research analysts forecast that UMH Properties will post 0.93 EPS for the current year.

Insider Activity at UMH Properties

In related news, Director Kiernan Conway sold 2,700 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total value of $52,758.00. Following the completion of the sale, the director now directly owns 412 shares in the company, valued at $8,050.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.63% of the stock is owned by corporate insiders.

Institutional Trading of UMH Properties

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its position in shares of UMH Properties by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust's stock worth $6,218,000 after acquiring an additional 34,249 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 purchasing an additional 41,774 shares during the last quarter. Kennedy Capital Management LLC increased its stake in shares of UMH Properties by 245.9% in the 1st quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust's stock worth $10,789,000 after acquiring an additional 472,307 shares during the last quarter. EntryPoint Capital LLC lifted its position in UMH Properties by 843.9% in the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,806 shares during the last quarter. Finally, Swiss National Bank increased its holdings in UMH Properties by 1.9% in the 1st quarter. Swiss National Bank now owns 124,500 shares of the real estate investment trust's stock valued at $2,022,000 after purchasing an additional 2,300 shares during 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.

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