UMH Properties (NYSE:UMH) Cut to “Sell” at StockNews.com

StockNews.com cut shares of UMH Properties (NYSE:UMH) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Separately, Wedbush restated a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.25.

UMH Properties Trading Up 3.0 %

Shares of UMH stock opened at $18.58 on Tuesday. The firm has a fifty day moving average of $18.25 and a 200-day moving average of $18.92. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 142.90, a P/E/G ratio of 2.93 and a beta of 1.28. UMH Properties has a 52-week low of $14.09 and a 52-week high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.21. The firm had revenue of ($126.74) million during the quarter, compared to analyst estimates of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. On average, equities research analysts forecast that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s payout ratio is 661.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UMH. GF Fund Management CO. LTD. bought a new position in UMH Properties in the 4th quarter valued at $26,000. Farther Finance Advisors LLC raised its holdings in shares of UMH Properties by 1,011.1% in 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 buying an additional 1,456 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of 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 buying an additional 1,748 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in UMH Properties during the 4th quarter worth about $38,000. Finally, Loomis Sayles & Co. L P grew its holdings in UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 2,346 shares during the last quarter. Institutional investors own 75.40% of the company’s stock.

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.