UMH Properties (NYSE:UMH - Get Free Report) had its price target cut by stock analysts at Maxim Group from $22.00 to $20.50 in a report issued on Monday, MarketBeat.com reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Maxim Group's price target indicates a potential upside of 18.36% from the stock's current price.
UMH has been the topic of a number of other research reports. StockNews.com raised UMH Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Wedbush reiterated a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.00.
Check Out Our Latest Research Report on UMH Properties
UMH Properties Trading Up 0.6 %
Shares of UMH Properties stock traded up $0.11 during trading hours on Monday, hitting $17.32. The company's stock had a trading volume of 464,893 shares, compared to its average volume of 431,305. The firm has a fifty day moving average of $17.75 and a 200-day moving average of $18.35. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 133.24, a P/E/G ratio of 2.93 and a beta of 1.14. UMH Properties has a twelve month low of $14.73 and a twelve month high of $20.64.
UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The company had revenue of $61.23 million during the quarter, compared to analyst estimates of $62.82 million. Research analysts forecast that UMH Properties will post 0.93 EPS for the current year.
Insider Activity at UMH Properties
In related news, Director William Edward Mitchell sold 70,852 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $17.20, for a total value of $1,218,654.40. Following the sale, the director now owns 215,427 shares of the company's stock, valued at $3,705,344.40. This trade represents a 24.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.77% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On UMH Properties
A number of large investors have recently modified their holdings of UMH. GF Fund Management CO. LTD. acquired a new position in shares of UMH Properties during the fourth quarter worth $26,000. Farther Finance Advisors LLC lifted its holdings in UMH Properties by 1,011.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,456 shares during the last quarter. KBC Group NV acquired a new position in shares of UMH Properties during the 1st quarter worth about $32,000. Sterling Capital Management LLC increased its holdings in shares of UMH Properties by 861.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 1,748 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new stake in shares of UMH Properties during the 1st quarter worth about $37,000. 75.40% of the stock is owned by hedge funds and other institutional investors.
About UMH Properties
(
Get Free Report)
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.
Read More
Before you consider UMH Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UMH Properties wasn't on the list.
While UMH Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
