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

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

Separately, Wedbush reiterated a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $21.25.

UMH Properties Price Performance

Shares of UMH Properties stock traded up $0.39 on Tuesday, hitting $18.95. 460,360 shares of the company were exchanged, compared to its average volume of 302,086. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 145.74, a price-to-earnings-growth ratio of 2.93 and a beta of 1.28. The company has a 50-day moving average price of $18.25 and a 200 day moving average price of $18.92. UMH Properties has a 1-year low of $14.56 and a 1-year high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.

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UMH Properties (NYSE:UMH - Get Free Report) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.21. The business had revenue of ($126.74) million for the quarter, compared to analysts' expectations of $59.73 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. As a group, sell-side analysts predict that UMH Properties will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of UMH Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new stake in UMH Properties in the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC raised its position in UMH Properties by 1,011.1% in the fourth 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 period. Sterling Capital Management LLC raised its position in UMH Properties by 861.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,748 shares during the period. Golden State Wealth Management LLC purchased a new stake in UMH Properties in the fourth quarter valued at approximately $38,000. Finally, Loomis Sayles & Co. L P raised its position in UMH Properties by 2,760.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,346 shares during the period. 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.