UMH Properties (NYSE:UMH) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded UMH Properties from “hold” to “sell.” Weiss Ratings maintained a “hold” rating.
• Despite the downgrade, analysts’ overall consensus remains “Moderate Buy,” with an average price target of $17.25.
• UMH reported quarterly EPS of -$0.02, missing the $0.04 estimate, while revenue of $74.14 million topped analyst expectations of $62.23 million.

UMH Properties (NYSE:UMH - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of UMH Properties in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.25.

UMH Properties Price Performance

UMH opened at $14.91 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of 298.16 and a beta of 0.99. UMH Properties has a 52-week low of $13.93 and a 52-week high of $16.77. The company has a 50 day moving average of $15.47 and a two-hundred day moving average of $15.45. The company has a quick ratio of 6.90, a current ratio of 6.90 and a debt-to-equity ratio of 1.28.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). The company had revenue of $74.14 million for the quarter, compared to analyst estimates of $62.23 million. UMH Properties had a return on equity of 4.41% and a net margin of 9.04%. On average, analysts expect that UMH Properties will post 0.99 earnings per share for the current year.

Institutional Trading of UMH Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UMH. Cherokee Insurance Co lifted its position in shares of UMH Properties by 1.5% during the 3rd quarter. Cherokee Insurance Co now owns 421,311 shares of the real estate investment trust's stock valued at $6,488,000 after buying an additional 6,149 shares in the last quarter. Private Management Group Inc. increased its stake in shares of UMH Properties by 3.0% during the third quarter. Private Management Group Inc. now owns 2,029,206 shares of the real estate investment trust's stock worth $31,250,000 after buying an additional 58,510 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of UMH Properties during the third quarter worth about $157,000. Inscription Capital LLC lifted its stake in shares of UMH Properties by 56.6% in the third quarter. Inscription Capital LLC now owns 16,693 shares of the real estate investment trust's stock valued at $257,000 after purchasing an additional 6,032 shares during the period. Finally, State of Wyoming boosted its stake in shares of UMH Properties by 287.2% during the third quarter. State of Wyoming now owns 18,519 shares of the real estate investment trust's stock valued at $285,000 after acquiring an additional 13,736 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

About UMH Properties

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