UMH Properties (NYSE:UMH) Upgraded by StockNews.com to “Hold”

UMH Properties (NYSE:UMH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other research analysts also recently commented on UMH. Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of UMH Properties in a research note on Monday, March 25th. Compass Point lifted their price target on shares of UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, B. Riley started coverage on shares of UMH Properties in a research note on Thursday, March 21st. They set a “buy” rating and a $18.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.00.

UMH Properties Stock Up 0.2 %

UMH stock opened at $15.66 on Friday. The company has a current ratio of 6.52, a quick ratio of 6.52 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average is $15.59 and its 200 day moving average is $15.02. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -104.39, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24. UMH Properties has a 1-year low of $13.26 and a 1-year high of $16.85.

Insider Transactions at UMH Properties

In other news, COO Brett Taft sold 9,800 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 97,049 shares in the company, valued at $1,544,049.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its holdings in UMH Properties by 382.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,711 shares in the last quarter. Spire Wealth Management boosted its holdings in UMH Properties by 177.8% in the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,125 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in UMH Properties by 52.7% in the fourth quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 1,856 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in UMH Properties by 1,440.7% in the fourth quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 7,391 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new stake in UMH Properties in the fourth quarter valued at $156,000. 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.