UMH Properties (NYSE:UMH) Stock Rating Lowered by Wall Street Zen

UMH Properties (NYSE:UMH) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other analysts have also issued reports on UMH. Maxim Group reduced their target price on shares of UMH Properties from $22.00 to $20.50 and set a “buy” rating for the company in a research note on Monday, May 5th. Wedbush upgraded UMH Properties to a “hold” rating in a research note on Wednesday, July 2nd. Finally, B. Riley restated a “buy” rating on shares of UMH Properties in a research note on Tuesday, May 13th.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $16.90 on Friday. The company has a quick ratio of 6.98, a current ratio of 6.98 and a debt-to-equity ratio of 1.02. UMH Properties has a twelve month low of $15.74 and a twelve month high of $20.64. The stock’s 50 day moving average is $16.90 and its 200-day moving average is $17.58. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 140.85, a PEG ratio of 2.83 and a beta of 1.10.

UMH Properties (NYSE:UMH) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. UMH Properties had a return on equity of 5.14% and a net margin of 11.51%. The company had revenue of $61.23 million for the quarter, compared to analyst estimates of $62.82 million. Sell-side analysts forecast that UMH Properties will post 0.93 EPS for the current fiscal year.

Insider Activity

In other UMH Properties news, Director William Edward Mitchell sold 70,852 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the sale, the director owned 215,427 shares of the company’s stock, valued at $3,705,344.40. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Samuel A. Landy sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $16.87, for a total value of $421,750.00. Following the completion of the sale, the chief executive officer directly owned 1,140,265 shares in the company, valued at approximately $19,236,270.55. The trade was a 2.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,826 shares of company stock valued at $2,745,314. 8.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On UMH Properties

A number of large investors have recently modified their holdings of UMH. GF Fund Management CO. LTD. bought a new stake in shares of UMH Properties in the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its position in shares of 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 in the last quarter. KBC Group NV bought a new stake in shares of UMH Properties during the first quarter valued at approximately $32,000. Stone House Investment Management LLC bought a new stake in shares of UMH Properties during the first quarter valued at approximately $34,000. Finally, Summit Securities Group LLC bought a new stake in shares of UMH Properties during the first quarter valued at approximately $35,000. 75.40% of the stock is owned by hedge funds and other institutional investors.

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.