Wall Street Zen Downgrades UMH Properties (NYSE:UMH) to Sell

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

UMH has been the subject of a number of other research reports. Maxim Group cut their price objective on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a report on Monday, May 5th. B. Riley restated a "buy" rating on shares of UMH Properties in a research report on Tuesday, May 13th. Finally, Wedbush raised UMH Properties to a "hold" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, UMH Properties presently has a consensus rating of "Hold" and a consensus price target of $21.00.

UMH Properties Price Performance

NYSE UMH traded down $0.01 during mid-day trading on Friday, hitting $16.90. The stock had a trading volume of 379,086 shares, compared to its average volume of 434,382. The firm's 50 day moving average is $16.90 and its 200 day moving average is $17.59. UMH Properties has a twelve month low of $15.74 and a twelve month high of $20.64. The company has a debt-to-equity ratio of 1.02, a current ratio of 6.98 and a quick ratio of 6.98. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 140.85, a PEG ratio of 2.83 and a beta of 1.10.

UMH Properties (NYSE:UMH - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. The business had revenue of $61.23 million during the quarter, compared to analyst estimates of $62.82 million. UMH Properties had a net margin of 11.51% and a return on equity of 5.14%. Equities research analysts forecast that UMH Properties will post 0.93 earnings per share for the current fiscal year.

Insider Transactions at UMH Properties

In related news, Director William Edward Mitchell sold 70,852 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the transaction, the director directly owned 215,427 shares in the company, valued at approximately $3,705,344.40. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction that occurred 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. The trade was a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,826 shares of company stock worth $2,745,314 over the last ninety days. 8.77% of the stock is owned by insiders.

Institutional Investors Weigh In On UMH Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMH. GF Fund Management CO. LTD. purchased a new position in shares of UMH Properties during the 4th quarter worth $26,000. Farther Finance Advisors LLC lifted its position in UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 1,456 shares during the last quarter. KBC Group NV purchased a new position in UMH Properties during the first quarter worth about $32,000. Stone House Investment Management LLC acquired a new stake in shares of UMH Properties during the first quarter valued at about $34,000. Finally, Summit Securities Group LLC acquired a new stake in shares of UMH Properties during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 75.40% of the company's stock.

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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