UMH Properties' (UMH) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• UMH Properties had its "hold (c)" rating reiterated by Weiss Ratings, with a consensus rating of "Hold" and an average target price of $18.50.
• Recently, Cantor Fitzgerald began coverage with a "neutral" rating, while Wall Street Zen downgraded the stock from "hold" to "sell".
• Insider activity included Director William Edward Mitchell selling 75,849 shares, while Director Michael P. Landy bought 10,000 shares, reflecting contrasting signals about the company's outlook.

UMH Properties (NYSE:UMH - Get Free Report)'s stock had its "hold (c)" rating reissued by Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald started coverage on UMH Properties in a report on Wednesday, October 1st. They issued a "neutral" rating and a $15.00 target price for the company. Wedbush upgraded UMH Properties to a "hold" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen cut UMH Properties from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.50.

UMH Properties Trading Up 1.0%

Shares of UMH Properties stock traded up $0.15 on Friday, reaching $14.69. The company had a trading volume of 190,636 shares, compared to its average volume of 476,772. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 104.93, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 1.08, a current ratio of 8.56 and a quick ratio of 8.56. The firm's 50-day moving average price is $14.98 and its two-hundred day moving average price is $16.25. UMH Properties has a 1 year low of $13.95 and a 1 year high of $20.42.

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

Insiders Place Their Bets

In related news, Director William Edward Mitchell sold 75,849 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 41,368 shares of the company's stock, valued at $675,125.76. This represents a 64.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael P. Landy bought 10,000 shares of UMH Properties stock in a transaction that occurred on Monday, September 29th. The shares were acquired at an average cost of $14.46 per share, for a total transaction of $144,600.00. Following the completion of the transaction, the director directly owned 362,052 shares in the company, valued at $5,235,271.92. This represents a 2.84% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 10,743 shares of company stock valued at $155,097 and sold 175,249 shares valued at $2,775,528. Corporate insiders own 8.77% of the company's stock.

Institutional Trading of UMH Properties

Large investors have recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in UMH Properties during the 1st quarter valued at about $32,000. Stone House Investment Management LLC purchased a new stake in UMH Properties during the 1st quarter valued at about $34,000. Summit Securities Group LLC purchased a new stake in shares of UMH Properties in the first quarter worth about $35,000. Cloud Capital Management LLC purchased a new stake in shares of UMH Properties in the first quarter worth about $37,000. Finally, Quantbot Technologies LP purchased a new stake in shares of UMH Properties in the second quarter worth about $52,000. Hedge funds and other 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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