UMH Properties (NYSE:UMH) Downgraded by StockNews.com

UMH Properties (NYSE:UMH) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

A number of other analysts have also recently issued reports on the stock. Compass Point lifted their target price on shares of UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a research note on Thursday, March 21st. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of UMH Properties in a research note on Monday, March 25th. Finally, B. Riley began coverage on shares of UMH Properties in a research report on Thursday, March 21st. They set a “buy” rating and a $18.50 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, UMH Properties currently has an average rating of “Hold” and a consensus price target of $19.00.

UMH Properties Stock Down 4.3 %

Shares of UMH Properties stock opened at $15.36 on Friday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -102.39, a P/E/G ratio of 2.88 and a beta of 1.24. The stock has a 50-day simple moving average of $15.72 and a 200-day simple moving average of $15.08. UMH Properties has a 52-week low of $13.26 and a 52-week high of $16.85. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.52 and a quick ratio of 6.52.

Insider Transactions at UMH Properties

In related news, COO Brett Taft sold 9,800 shares of the firm’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 transaction, the chief operating officer now directly owns 97,049 shares in the company, valued at approximately $1,544,049.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.63% of the stock is owned by corporate insiders.

Institutional Trading of UMH Properties

Hedge funds have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. increased its position in UMH Properties by 382.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,711 shares during the period. Spire Wealth Management grew its stake in shares of 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 worth $47,000 after acquiring an additional 2,125 shares during the last quarter. Quadrant Capital Group LLC increased its position in UMH Properties by 52.7% during the fourth quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,856 shares during the period. International Assets Investment Management LLC raised its stake in UMH Properties by 1,440.7% during the 4th quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 7,391 shares during the last quarter. Finally, New York Life Investment Management LLC bought a new stake in UMH Properties in the 4th 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.