UMH PROPERTIES/SH SH (UMH) Upgraded by ValuEngine to Buy

UMH PROPERTIES/SH SH (NYSE:UMH) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other research analysts also recently issued reports on UMH. Zacks Investment Research downgraded UMH PROPERTIES/SH SH from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 15th. Boenning Scattergood initiated coverage on UMH PROPERTIES/SH SH in a research note on Monday, September 17th. They issued an “outperform” rating and a $19.50 price objective for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. UMH PROPERTIES/SH SH has a consensus rating of “Buy” and a consensus target price of $17.17.

NYSE:UMH traded up $0.14 during trading on Monday, reaching $14.66. The company’s stock had a trading volume of 95,200 shares, compared to its average volume of 183,578. The company has a market capitalization of $538.03 million, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.94 and a beta of 0.37. The company has a debt-to-equity ratio of 2.22, a current ratio of 5.21 and a quick ratio of 5.21. UMH PROPERTIES/SH SH has a 12 month low of $11.38 and a 12 month high of $16.69.



UMH PROPERTIES/SH SH (NYSE:UMH) last announced its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.21. The firm had revenue of $32.10 million during the quarter, compared to the consensus estimate of $32.03 million. UMH PROPERTIES/SH SH had a negative return on equity of 5.62% and a negative net margin of 8.17%. Sell-side analysts anticipate that UMH PROPERTIES/SH SH will post 0.75 earnings per share for the current year.

In other news, General Counsel Craig Koster sold 3,500 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $16.31, for a total transaction of $57,085.00. Following the completion of the transaction, the general counsel now owns 6,895 shares in the company, valued at approximately $112,457.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Umh Properties, Inc. purchased 9,396 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were purchased at an average price of $16.39 per share, with a total value of $154,000.44. The disclosure for this purchase can be found here. Insiders have bought a total of 9,532 shares of company stock valued at $156,004 in the last quarter. 10.89% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of UMH. Northern Trust Corp grew its stake in shares of UMH PROPERTIES/SH SH by 4.2% during the 1st quarter. Northern Trust Corp now owns 412,491 shares of the real estate investment trust’s stock worth $5,532,000 after acquiring an additional 16,726 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of UMH PROPERTIES/SH SH by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 427,975 shares of the real estate investment trust’s stock worth $5,739,000 after acquiring an additional 22,980 shares during the period. A.R.T. Advisors LLC bought a new position in shares of UMH PROPERTIES/SH SH during the 1st quarter worth $199,000. LPL Financial LLC grew its stake in shares of UMH PROPERTIES/SH SH by 149.0% during the 1st quarter. LPL Financial LLC now owns 49,567 shares of the real estate investment trust’s stock worth $665,000 after acquiring an additional 29,660 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of UMH PROPERTIES/SH SH by 5.0% during the 1st quarter. Royal Bank of Canada now owns 303,566 shares of the real estate investment trust’s stock worth $4,070,000 after acquiring an additional 14,376 shares during the period. Institutional investors own 53.51% of the company’s stock.

UMH PROPERTIES/SH SH Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 114 manufactured home communities containing approximately 20,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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