UMH Properties (NYSE:UMH) Earns Neutral Rating from Wedbush

UMH Properties (NYSE:UMH - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at Wedbush in a research report issued on Monday,Benzinga reports. They presently have a $20.00 price objective on the real estate investment trust's stock. Wedbush's price target would indicate a potential upside of 12.11% from the stock's current price.

Separately, StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, UMH Properties presently has a consensus rating of "Moderate Buy" and an average target price of $21.25.

UMH Properties Stock Performance

Shares of NYSE:UMH traded up $0.25 during trading on Monday, reaching $17.84. 342,551 shares of the company's stock traded hands, compared to its average volume of 326,779. The stock has a market capitalization of $1.41 billion, a P/E ratio of 137.24, a price-to-earnings-growth ratio of 3.47 and a beta of 1.29. UMH Properties has a 12 month low of $14.09 and a 12 month high of $20.64. The company has a 50 day moving average of $19.05 and a 200-day moving average of $18.78. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.13). The company had revenue of $60.67 million for the quarter, compared to analyst estimates of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, equities analysts expect that UMH Properties will post 0.93 EPS for the current year.

Insider Activity

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were 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 in the company, valued at $21,599,348.30. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the transaction, the director now owns 7,993 shares in the company, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,845 shares of company stock worth $1,051,210 over the last three months. Corporate insiders own 8.63% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new position in UMH Properties during the third quarter worth $675,000. Concurrent Investment Advisors LLC acquired a new position in shares of UMH Properties during the 3rd quarter valued at about $614,000. Barclays PLC raised its stake in shares of UMH Properties by 101.1% in the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust's stock valued at $3,155,000 after acquiring an additional 80,660 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in UMH Properties by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust's stock worth $18,505,000 after purchasing an additional 56,662 shares during the period. Finally, State Street Corp raised its position in shares of UMH Properties by 44.5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock valued at $55,127,000 after purchasing an additional 863,089 shares during the period. 75.40% of the stock is owned by hedge funds and other institutional investors.

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.