UMH Properties (NYSE:UMH) Stock Rating Upgraded by StockNews.com

UMH Properties (NYSE:UMH) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages also recently weighed in on UMH. Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of UMH Properties in a report on Monday, March 25th. Compass Point boosted their price target on UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, B. Riley assumed coverage on UMH Properties in a report on Thursday, March 21st. They issued a “buy” rating and a $18.50 price target for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.00.

UMH Properties Price Performance

Shares of NYSE UMH opened at $15.66 on Friday. UMH Properties has a twelve month low of $13.26 and a twelve month high of $16.85. The company has a current ratio of 6.52, a quick ratio of 6.52 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -104.40, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24. The business has a 50 day simple moving average of $15.59 and a 200-day simple moving average of $15.04.

Insider Buying and Selling

In related news, COO Brett Taft sold 9,800 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total transaction of $155,918.00. Following the completion of the transaction, the chief operating officer now directly owns 97,049 shares in the company, valued at approximately $1,544,049.59. The sale was disclosed in a document filed with the SEC, which is available through this link. 8.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UMH. Private Management Group Inc. boosted its position in UMH Properties by 609.8% during the 3rd quarter. Private Management Group Inc. now owns 1,036,353 shares of the real estate investment trust’s stock worth $14,530,000 after acquiring an additional 890,355 shares during the period. Vanguard Group Inc. boosted its position in UMH Properties by 10.6% during the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after acquiring an additional 629,427 shares during the period. American Century Companies Inc. boosted its position in UMH Properties by 29.5% during the 3rd quarter. American Century Companies Inc. now owns 2,532,194 shares of the real estate investment trust’s stock worth $35,501,000 after acquiring an additional 576,304 shares during the period. Cerity Partners LLC acquired a new stake in shares of UMH Properties in the fourth quarter valued at $2,930,000. Finally, Raymond James & Associates lifted its holdings in shares of UMH Properties by 24.1% in the first quarter. Raymond James & Associates now owns 825,371 shares of the real estate investment trust’s stock valued at $13,404,000 after buying an additional 160,503 shares during the period. Institutional investors and hedge funds 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.