UMH Properties (NYSE:UMH) Raised 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 published on Thursday.

Separately, Wedbush reissued a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, UMH Properties has a consensus rating of "Hold" and a consensus target price of $21.17.

UMH Properties Trading Down 0.0 %

Shares of UMH stock traded down $0.00 during trading hours on Thursday, hitting $18.70. 297,375 shares of the company were exchanged, compared to its average volume of 415,676. The firm has a fifty day moving average of $18.19 and a 200 day moving average of $18.76. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties has a 1 year low of $14.73 and a 1 year high of $20.64. The firm has a market cap of $1.54 billion, a PE ratio of 143.74, a PEG ratio of 2.93 and a beta of 1.29.

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

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Tuesday, February 18th. UMH Properties's dividend payout ratio is currently 2,866.67%.

Institutional Trading of UMH Properties

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in shares of UMH Properties by 2.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust's stock valued at $883,000 after buying an additional 918 shares during the last quarter. Centiva Capital LP boosted its stake in UMH Properties by 4.0% in the third quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust's stock valued at $618,000 after acquiring an additional 1,195 shares during the period. Corebridge Financial Inc. grew its holdings in shares of UMH Properties by 3.7% during the fourth quarter. Corebridge Financial Inc. now owns 35,946 shares of the real estate investment trust's stock valued at $679,000 after purchasing an additional 1,286 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of UMH Properties during the fourth quarter valued at approximately $26,000. Finally, Summit Investment Advisors Inc. increased its holdings in shares of UMH Properties by 22.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,564 shares of the real estate investment trust's stock worth $143,000 after acquiring an additional 1,365 shares during the period. 75.40% of the stock is owned by institutional investors and hedge funds.

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.