UMH Properties (NYSE:UMH) Earns Hold (C) Rating from Weiss Ratings

Key Points

• UMH Properties received a "hold (c)" rating from Weiss Ratings, confirming its average rating of "Hold" from multiple analysts.
• The stock trades at approximately $14.15, with a significant gap between its one-year high of $20.42 and low of $14.03.
• Insider activity included Director Michael P. Landy purchasing 10,000 shares, indicating a positive outlook, while another director sold 75,849 shares, signaling mixed sentiment.

UMH Properties (NYSE:UMH - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently issued reports on the stock. Wedbush raised shares of UMH Properties to a "hold" rating in a research note on Wednesday, July 2nd. Cantor Fitzgerald initiated coverage on shares of UMH Properties in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $15.00 price objective for the company. Finally, Wall Street Zen cut shares of UMH Properties from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $18.50.

UMH Properties Stock Performance

UMH traded up $0.03 during trading on Wednesday, hitting $14.15. The company's stock had a trading volume of 469,027 shares, compared to its average volume of 465,090. The company has a quick ratio of 8.56, a current ratio of 8.56 and a debt-to-equity ratio of 1.08. UMH Properties has a one year low of $14.03 and a one year high of $20.42. The firm has a market cap of $1.20 billion, a PE ratio of 100.82, a P/E/G ratio of 2.48 and a beta of 1.05. The business's 50 day simple moving average is $15.46 and its 200-day simple moving average is $16.57.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). UMH Properties had a return on equity of 5.19% and a net margin of 12.18%.The business had revenue of $66.64 million during the quarter, compared to the consensus estimate of $66.07 million. As a group, sell-side analysts predict that UMH Properties will post 0.93 EPS for the current fiscal year.

Insider Activity at UMH Properties

In related news, Director Michael P. Landy bought 10,000 shares of the business's stock in a transaction that occurred on Monday, September 29th. The stock was bought at an average cost of $14.46 per share, with a total value of $144,600.00. Following the completion of the purchase, the director owned 362,052 shares of the company's stock, valued at approximately $5,235,271.92. The trade was a 2.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Edward Mitchell sold 75,849 shares of UMH Properties stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $16.32, for a total transaction of $1,237,855.68. Following the completion of the transaction, the director directly owned 41,368 shares of the company's stock, valued at $675,125.76. The trade was a 64.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,249 shares of company stock valued at $2,491,728. Insiders own 8.77% of the company's stock.

Hedge Funds Weigh In On UMH Properties

A number of institutional investors and hedge funds have recently made changes to their positions in UMH. GAMMA Investing LLC grew its stake in shares of UMH Properties by 3,585.3% in the 1st quarter. GAMMA Investing LLC now owns 6,265 shares of the real estate investment trust's stock worth $117,000 after buying an additional 6,095 shares in the last quarter. Ulland Investment Advisors LLC grew its stake in shares of UMH Properties by 130.4% in the 1st quarter. Ulland Investment Advisors LLC now owns 9,020 shares of the real estate investment trust's stock worth $169,000 after buying an additional 5,105 shares in the last quarter. LDR Capital Management LLC grew its stake in shares of UMH Properties by 3.8% in the 1st quarter. LDR Capital Management LLC now owns 136,477 shares of the real estate investment trust's stock worth $2,552,000 after buying an additional 5,011 shares in the last quarter. Advisor Resource Council purchased a new position in shares of UMH Properties in the 1st quarter worth $578,000. Finally, Cherry Creek Investment Advisors Inc. bought a new stake in shares of UMH Properties in the 1st quarter worth about $675,000. 75.40% of the stock is owned by hedge funds and other institutional investors.

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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