UMH Properties (NYSE:UMH) Raised to “Hold” at StockNews.com

UMH Properties (NYSE:UMH) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

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

UMH Properties Trading Up 0.0 %

Shares of NYSE UMH traded up $0.00 during midday trading on Thursday, hitting $18.49. The company’s stock had a trading volume of 279,266 shares, compared to its average volume of 399,107. UMH Properties has a 12-month low of $14.73 and a 12-month high of $20.64. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.52 billion, a P/E ratio of 142.25, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. The business’s 50 day moving average is $18.19 and its two-hundred day moving average is $18.78.

UMH Properties (NYSE:UMH) last released its 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. The business had revenue of ($126.74) million for the quarter, compared to analyst estimates of $59.73 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. As a group, equities research analysts expect that UMH Properties will post 0.93 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UMH. Vanguard Group Inc. lifted its position in shares of UMH Properties by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock worth $141,722,000 after purchasing an additional 799,798 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of UMH Properties by 1.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,251,335 shares of the real estate investment trust’s stock worth $99,146,000 after acquiring an additional 57,547 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of UMH Properties by 124.5% during the 4th quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust’s stock worth $76,121,000 after purchasing an additional 2,236,080 shares during the last quarter. Copeland Capital Management LLC boosted its position in UMH Properties by 2.4% during the fourth quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust’s stock valued at $53,401,000 after purchasing an additional 67,353 shares in the last quarter. Finally, State Street Corp boosted its position in UMH Properties by 44.5% during 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 in the last quarter. 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.