UMH Properties (NYSE:UMH) Downgraded to Sell Rating by Wall Street Zen

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

A number of other equities analysts have also weighed in on the company. B. Riley reaffirmed a "buy" rating on shares of UMH Properties in a research note on Tuesday, May 13th. Wedbush raised UMH Properties to a "hold" rating in a research note on Wednesday, July 2nd. Finally, Maxim Group decreased their target price 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.

UMH Properties Stock Up 0.9%

Shares of UMH traded up $0.16 on Friday, reaching $17.10. The stock had a trading volume of 107,152 shares, compared to its average volume of 433,502. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 142.47, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.98 and a current ratio of 6.98. The company has a 50-day simple moving average of $16.90 and a 200-day simple moving average of $17.57. UMH Properties has a 12-month low of $15.74 and a 12-month high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. The business had revenue of $61.23 million during the quarter, compared to analysts' expectations of $62.82 million. UMH Properties had a return on equity of 5.14% and a net margin of 11.51%. Sell-side analysts predict that UMH Properties will post 0.93 EPS for the current year.

Insider Buying and Selling at UMH Properties

In other news, Director William Edward Mitchell sold 39,974 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $16.94, for a total value of $677,159.56. Following the completion of the sale, the director owned 115,627 shares of the company's stock, valued at $1,958,721.38. This trade represents a 25.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Samuel A. Landy sold 25,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $16.87, for a total value of $421,750.00. Following the completion of the transaction, the chief executive officer owned 1,140,265 shares of the company's stock, valued at $19,236,270.55. This trade represents a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,826 shares of company stock valued at $2,745,314 over the last quarter. Company insiders own 8.77% of the company's stock.

Institutional Investors Weigh In On UMH Properties

Several institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in UMH Properties by 9.1% in the second quarter. State of Alaska Department of Revenue now owns 37,849 shares of the real estate investment trust's stock valued at $634,000 after buying an additional 3,153 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of UMH Properties by 8.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 111,394 shares of the real estate investment trust's stock worth $1,870,000 after acquiring an additional 8,260 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of 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 worth $418,000 after acquiring an additional 1,007 shares in the last quarter. Strs Ohio purchased a new position in shares of UMH Properties during the 1st quarter worth approximately $254,000. Finally, McIlrath & Eck LLC increased its stake in shares of 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 worth $4,982,000 after purchasing an additional 164,465 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

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.