StockNews.com Downgrades UMH Properties (NYSE:UMH) to Sell

UMH Properties (NYSE:UMH - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Wednesday.

Other analysts have also recently issued research reports about the company. Maxim Group decreased their target price on UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a research report on Monday, May 5th. B. Riley reissued a "buy" rating on shares of UMH Properties in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $21.00.

UMH Properties Trading Down 0.8%

UMH Properties stock opened at $17.03 on Wednesday. UMH Properties has a 52-week low of $14.73 and a 52-week high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 131.01, a PEG ratio of 2.93 and a beta of 1.14. The firm has a 50-day moving average price of $17.59 and a two-hundred day moving average price of $18.27.

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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23. The company had revenue of $61.23 million for the quarter, compared to analysts' expectations of $62.82 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. Sell-side analysts expect that UMH Properties will post 0.93 earnings per share for the current year.

Insider Activity

In other news, CEO Samuel A. Landy sold 25,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $17.11, for a total transaction of $427,750.00. Following the completion of the sale, the chief executive officer now owns 1,165,265 shares in the company, valued at $19,937,684.15. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William Edward Mitchell sold 70,852 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.20, for a total transaction of $1,218,654.40. Following the transaction, the director now directly owns 215,427 shares in the company, valued at approximately $3,705,344.40. This represents a 24.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,826 shares of company stock valued at $2,323,564 in the last quarter. Company insiders own 8.77% of the company's stock.

Institutional Trading of UMH Properties

Institutional investors have recently bought and sold shares of the business. Swiss National Bank boosted its stake in shares of UMH Properties by 12.4% in the fourth quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust's stock valued at $2,772,000 after buying an additional 16,200 shares during the period. Barclays PLC lifted its position in shares of UMH Properties by 101.1% during the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust's stock valued at $3,155,000 after acquiring an additional 80,660 shares during the period. Geode Capital Management LLC lifted its position in shares of UMH Properties by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust's stock valued at $34,719,000 after acquiring an additional 134,761 shares during the period. William Blair Investment Management LLC grew its holdings in shares of UMH Properties by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust's stock worth $37,617,000 after purchasing an additional 48,480 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of UMH Properties by 43.5% in the fourth quarter. SG Americas Securities LLC now owns 36,228 shares of the real estate investment trust's stock worth $684,000 after purchasing an additional 10,984 shares during the period. Institutional investors own 75.40% of the company's stock.

About UMH Properties

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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