UMH Properties (NYSE:UMH - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Tuesday.
Other equities research analysts have also issued reports about the company. Compass Point upped their price objective on UMH Properties from $20.00 to $21.50 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Wedbush restated a "neutral" rating and issued a $17.00 price objective on shares of UMH Properties in a research note on Monday, March 25th. Finally, B. Riley started coverage on UMH Properties in a research note on Thursday, March 21st. They issued a "buy" rating and a $18.50 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, UMH Properties presently has an average rating of "Hold" and a consensus target price of $19.00.
Get Our Latest Stock Analysis on UMH Properties
UMH Properties Stock Performance
Shares of NYSE:UMH traded down $0.12 during midday trading on Tuesday, hitting $15.21. The company had a trading volume of 291,870 shares, compared to its average volume of 372,289. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.52 and a quick ratio of 6.52. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -101.36, a PEG ratio of 2.77 and a beta of 1.24. UMH Properties has a 12-month low of $13.26 and a 12-month high of $16.85. The company has a fifty day moving average of $15.45 and a two-hundred day moving average of $14.94.
Insider Buying and Selling
In related news, COO Brett Taft sold 9,800 shares of the company's stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total value of $155,918.00. Following the completion of the transaction, the chief operating officer now owns 97,049 shares of the company's stock, valued at approximately $1,544,049.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.63% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. boosted its holdings in shares of UMH Properties by 382.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,711 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of UMH Properties during the 1st quarter valued at about $58,000. Federated Hermes Inc. boosted its holdings in shares of UMH Properties by 54.9% during the 3rd quarter. Federated Hermes Inc. now owns 2,414 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 856 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of UMH Properties by 177.8% during the 3rd quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 2,125 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of UMH Properties by 1,600.0% during the 2nd quarter. Quantbot Technologies LP now owns 3,400 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors own 75.40% of the company's stock.
UMH Properties Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
