UMH Properties (NYSE:UMH) Rating Increased to Hold at StockNews.com

UMH Properties (NYSE:UMH) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

UMH has been the topic of several other research reports. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of UMH Properties in a report on Monday, March 25th. B. Riley started coverage on UMH Properties in a report on Thursday, March 21st. They set a “buy” rating and a $18.50 price objective on the stock. Finally, Compass Point upped their price objective on UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.00.

UMH Properties Trading Down 0.2 %

UMH stock opened at $15.17 on Tuesday. UMH Properties has a 1-year low of $13.26 and a 1-year high of $16.85. The firm has a market cap of $1.05 billion, a P/E ratio of -101.13, a P/E/G ratio of 2.75 and a beta of 1.24. The business’s 50 day moving average is $15.46 and its 200-day moving average is $14.95. The company has a current ratio of 6.52, a quick ratio of 6.52 and a debt-to-equity ratio of 1.66.

Insider Activity at UMH Properties

In related news, COO Brett Taft sold 9,800 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total value of $155,918.00. Following the completion of the sale, the chief operating officer now owns 97,049 shares in the company, valued at approximately $1,544,049.59. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On UMH Properties

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of UMH Properties by 10.6% during the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after buying an additional 629,427 shares during the last quarter. BlackRock Inc. lifted its stake in UMH Properties by 22.9% in the 2nd quarter. BlackRock Inc. now owns 4,759,328 shares of the real estate investment trust’s stock valued at $76,054,000 after purchasing an additional 886,892 shares during the last quarter. American Century Companies Inc. lifted its stake in UMH Properties by 29.5% in the 3rd quarter. American Century Companies Inc. now owns 2,532,194 shares of the real estate investment trust’s stock valued at $35,501,000 after purchasing an additional 576,304 shares during the last quarter. Finally, State Street Corp lifted its stake in UMH Properties by 5.1% in the 2nd quarter. State Street Corp now owns 1,697,046 shares of the real estate investment trust’s stock valued at $27,119,000 after purchasing an additional 82,823 shares during the last quarter. 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.