UMH Properties (NYSE:UMH) Rating Lowered to Sell at Wall Street Zen

UMH Properties (NYSE:UMH - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Wednesday.

UMH has been the topic of several other research reports. B. Riley reaffirmed a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Maxim Group reduced their price objective on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, UMH Properties has an average rating of "Hold" and an average target price of $21.00.

UMH Properties Stock Performance

UMH Properties stock traded up $0.15 during mid-day trading on Wednesday, reaching $16.53. 661,938 shares of the company were exchanged, compared to its average volume of 436,012. The firm's 50-day simple moving average is $17.45 and its two-hundred day simple moving average is $18.20. UMH Properties has a twelve month low of $14.73 and a twelve month high of $20.64. The firm has a market cap of $1.39 billion, a PE ratio of 127.16, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

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, hitting the consensus estimate of $0.23. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of $61.23 million during the quarter, compared to analysts' expectations of $62.82 million. Equities analysts predict that UMH Properties will post 0.93 earnings per share for the current fiscal year.

Insider Activity

In other UMH Properties news, CEO Samuel A. Landy sold 25,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 1,165,265 shares in the company, valued at approximately $19,937,684.15. The trade was a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Edward Mitchell sold 70,852 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 215,427 shares in the company, valued at $3,705,344.40. This trade represents a 24.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,826 shares of company stock worth $2,323,564 in the last 90 days. 8.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UMH. McIlrath & Eck LLC increased its holdings in UMH Properties by 161.3% during the 1st quarter. McIlrath & Eck LLC now owns 266,398 shares of the real estate investment trust's stock valued at $4,982,000 after acquiring an additional 164,465 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in shares of UMH Properties by 14.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 20,700 shares of the real estate investment trust's stock worth $387,000 after purchasing an additional 2,600 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of UMH Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,976 shares of the real estate investment trust's stock worth $804,000 after purchasing an additional 1,871 shares during the last quarter. Alliancebernstein L.P. lifted its stake in UMH Properties by 1,091.0% in the 1st quarter. Alliancebernstein L.P. now owns 896,183 shares of the real estate investment trust's stock valued at $16,759,000 after buying an additional 820,934 shares in the last quarter. Finally, Amundi grew its holdings in UMH Properties by 15.6% during the 1st quarter. Amundi now owns 41,420 shares of the real estate investment trust's stock valued at $778,000 after buying an additional 5,590 shares during the last quarter. Institutional investors and hedge funds 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.