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

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

A number of other equities analysts also recently issued reports on UMH. Maxim Group dropped their price objective on shares of UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a report on Monday. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, UMH Properties has an average rating of “Moderate Buy” and a consensus price target of $21.00.

UMH Properties Price Performance

UMH opened at $17.32 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market capitalization of $1.43 billion, a PE ratio of 133.25, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The stock’s 50 day moving average price is $17.87 and its 200-day moving average price is $18.39. UMH Properties has a 52-week low of $14.73 and a 52-week high of $20.64.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $61.23 million during the quarter, compared to analysts’ expectations of $62.82 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. On average, equities research analysts predict that UMH Properties will post 0.93 EPS for the current year.

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.20%. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. UMH Properties’s payout ratio is presently 3,000.00%.

Institutional Trading of UMH Properties

Institutional investors have recently bought and sold shares of the stock. GF Fund Management CO. LTD. acquired a new stake in UMH Properties during the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its position in UMH Properties by 1,011.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,456 shares during the period. KBC Group NV acquired a new position in UMH Properties during the first quarter valued at $32,000. Sterling Capital Management LLC boosted its holdings in UMH Properties by 861.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,748 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new stake in UMH Properties during the 1st quarter worth about $37,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Company Profile

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.