StockNews.com Downgrades UMH Properties (NYSE:UMH) to Sell

StockNews.com cut shares of UMH Properties (NYSE:UMH - Free Report) from a hold rating to a sell rating in a report published on Monday.

Separately, Wedbush reissued a "neutral" rating and set a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th. One 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 data from MarketBeat, UMH Properties has a consensus rating of "Hold" and an average target price of $21.17.

UMH Properties Trading Up 2.2 %

UMH stock traded up $0.37 on Monday, hitting $17.31. 345,317 shares of the company were exchanged, compared to its average volume of 428,870. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 133.13, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. UMH Properties has a twelve month low of $14.73 and a twelve month high of $20.64. The business's fifty day moving average is $17.95 and its two-hundred day moving average is $18.50.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data 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. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of ($126.74) million during the quarter, compared to the consensus estimate of $59.73 million. As a group, research analysts forecast that UMH Properties will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a $0.225 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.90 annualized dividend and a yield of 5.20%. This is an increase from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's dividend payout ratio is presently 3,000.00%.

Hedge Funds Weigh In On UMH Properties

Several large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of UMH Properties by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust's stock valued at $883,000 after acquiring an additional 918 shares in the last quarter. Corebridge Financial Inc. lifted its position in UMH Properties by 3.7% in the fourth quarter. Corebridge Financial Inc. now owns 35,946 shares of the real estate investment trust's stock worth $679,000 after purchasing an additional 1,286 shares during the period. GF Fund Management CO. LTD. bought a new position in UMH Properties during the 4th quarter valued at $26,000. Summit Investment Advisors Inc. increased its position in shares of UMH Properties by 22.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,564 shares of the real estate investment trust's stock valued at $143,000 after purchasing an additional 1,365 shares during the period. Finally, Farther Finance Advisors LLC raised 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 worth $30,000 after buying an additional 1,456 shares in 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.