Maxim Group Cuts UMH Properties (NYSE:UMH) Price Target to $20.50

UMH Properties (NYSE:UMH - Get Free Report) had its price target reduced by stock analysts at Maxim Group from $22.00 to $20.50 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Maxim Group's price target indicates a potential upside of 17.61% from the company's previous close.

Several other research analysts have also weighed in on the stock. Wedbush reaffirmed a "neutral" rating and set a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.00.

UMH Properties Trading Down 2.0 %

UMH stock traded down $0.35 during trading on Monday, reaching $17.43. 116,376 shares of the stock were exchanged, compared to its average volume of 430,584. 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 capitalization of $1.44 billion, a price-to-earnings ratio of 134.09, a P/E/G ratio of 2.93 and a beta of 1.17. The business has a 50 day moving average price of $17.88 and a 200-day moving average price of $18.40. UMH Properties has a 1 year low of $14.73 and a 1 year high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $61.23 million for the quarter, compared to analyst estimates of $62.82 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. On average, research analysts predict that UMH Properties will post 0.93 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. GF Fund Management CO. LTD. purchased a new stake in shares of UMH Properties during the fourth quarter worth approximately $26,000. Farther Finance Advisors LLC increased its position 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 valued at $30,000 after purchasing an additional 1,456 shares during the last quarter. KBC Group NV acquired a new stake in shares of UMH Properties in the 1st quarter valued at $32,000. Sterling Capital Management LLC lifted its position in shares of UMH Properties by 861.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,748 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of UMH Properties during the first quarter worth $37,000. 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.

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