UMH Properties (NYSE:UMH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Friday.
Several other research firms have also recently weighed in on UMH. Maxim Group cut their price objective on UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a research report on Monday, May 5th. B. Riley restated a "buy" rating on shares of UMH Properties in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.00.
Get Our Latest Stock Report on UMH
UMH Properties Stock Performance
NYSE:UMH opened at $16.78 on Friday. 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's fifty day simple moving average is $17.18 and its 200 day simple moving average is $18.07. The stock has a market cap of $1.41 billion, a P/E ratio of 129.10, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. UMH Properties has a twelve month low of $15.00 and a twelve month high of $20.64.
UMH Properties (NYSE:UMH - Get Free Report) last announced its 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. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of $61.23 million for the quarter, compared to analyst estimates of $62.82 million. As a group, research analysts predict that UMH Properties will post 0.93 EPS for the current year.
Insiders Place Their Bets
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 value of $427,750.00. Following the sale, the chief executive officer now directly owns 1,165,265 shares of the company's stock, valued at $19,937,684.15. The trade was a 2.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William Edward Mitchell sold 39,974 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.94, for a total value of $677,159.56. Following the transaction, the director now directly owns 115,627 shares of the company's stock, valued at approximately $1,958,721.38. This trade represents a 25.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,826 shares of company stock worth $2,323,564. 8.77% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On UMH Properties
Institutional investors and hedge funds have recently modified their holdings of the stock. Inspire Investing LLC grew its position in UMH Properties by 4.7% during the 1st quarter. Inspire Investing LLC now owns 22,379 shares of the real estate investment trust's stock valued at $418,000 after purchasing an additional 1,007 shares during the last quarter. Strs Ohio purchased a new position in UMH Properties in the first quarter worth about $254,000. McIlrath & Eck LLC lifted its stake in shares of UMH Properties by 161.3% in the first quarter. McIlrath & Eck LLC now owns 266,398 shares of the real estate investment trust's stock worth $4,982,000 after buying an additional 164,465 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of UMH Properties by 14.4% during the first quarter. UniSuper Management Pty Ltd now owns 20,700 shares of the real estate investment trust's stock valued at $387,000 after buying an additional 2,600 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of UMH Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,976 shares of the real estate investment trust's stock valued at $804,000 after acquiring an additional 1,871 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors.
About UMH Properties
(
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.
Further Reading
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