UMH Properties (NYSE:UMH) Raised to "Hold" at StockNews.com

StockNews.com upgraded shares of UMH Properties (NYSE:UMH - Free Report) from a sell rating to a hold rating in a research note released on Tuesday morning.

Separately, Wedbush restated a "neutral" rating and set a $20.00 target price 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 two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $21.17.

UMH Properties Trading Up 0.2 %

NYSE UMH traded up $0.04 during trading hours on Tuesday, reaching $17.46. The company had a trading volume of 234,117 shares, compared to its average volume of 431,648. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.44 billion, a P/E ratio of 134.32, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The stock has a 50-day moving average of $17.89 and a 200 day moving average of $18.44. UMH Properties has a 1-year low of $14.73 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.21. The firm had revenue of ($126.74) million during the quarter, compared to analysts' expectations of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. As a group, research analysts anticipate that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This is an increase from UMH Properties's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 annualized dividend and a yield of 5.15%. UMH Properties's dividend payout ratio is 3,000.00%.

Hedge Funds Weigh In On UMH Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. 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 worth $3,155,000 after buying an additional 80,660 shares during the last quarter. Geode Capital Management LLC lifted its position in UMH Properties by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust's stock valued at $33,520,000 after acquiring an additional 59,705 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of UMH Properties during the third quarter worth about $495,000. Franklin Resources Inc. acquired a new stake in shares of UMH Properties during the third quarter worth about $4,421,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of UMH Properties in the 3rd quarter valued at about $675,000. 75.40% of the stock is owned by institutional investors and hedge funds.

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.