UMH Properties (NYSE:UMH) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of UMH Properties (NYSE:UMH) from a hold rating to a sell rating in a research note published on Monday.

Separately, Wedbush reissued a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, UMH Properties has an average rating of “Hold” and an average price target of $21.17.

UMH Properties Stock Up 1.8 %

UMH stock opened at $17.14 on Monday. UMH Properties has a twelve month low of $14.73 and a twelve month high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.42 billion, a PE ratio of 131.86, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The business’s 50-day simple moving average is $18.03 and its 200 day simple moving average is $18.55.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.21. The business had revenue of ($126.74) million for the quarter, compared to analysts’ expectations of $59.73 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. On average, research analysts anticipate that UMH Properties will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.25%. The ex-dividend date is Thursday, May 15th. UMH Properties’s dividend payout ratio (DPR) is currently 3,000.00%.

Institutional Investors Weigh In On UMH Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of UMH. Capital Research Global Investors raised its holdings in shares of UMH Properties by 124.5% in the fourth quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust’s stock valued at $76,121,000 after buying an additional 2,236,080 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in UMH Properties in the 4th quarter valued at about $23,396,000. State Street Corp raised its stake in shares of UMH Properties by 44.5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after acquiring an additional 863,089 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of UMH Properties by 11.9% during the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock worth $141,722,000 after purchasing an additional 799,798 shares in the last quarter. Finally, APG Asset Management US Inc. bought a new stake in shares of UMH Properties during the fourth quarter valued at approximately $9,121,000. 75.40% of the stock is owned by institutional investors and hedge funds.

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.