UMH Properties (NYSE:UMH) Lowered to “Sell” Rating by Wall Street Zen

UMH Properties (NYSE:UMH) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

UMH has been the topic of several other reports. Maxim Group reduced their price objective on UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a research note on Monday, May 5th. B. Riley reaffirmed a “buy” rating on shares of UMH Properties in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, UMH Properties presently has a consensus rating of “Hold” and a consensus price target of $21.00.

UMH Properties Stock Down 0.3%

UMH opened at $16.41 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 126.20, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. The business has a 50-day moving average of $17.52 and a two-hundred day moving average of $18.24. UMH Properties has a 12 month low of $14.73 and a 12 month high of $20.64.

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

Insider Buying and Selling

In related news, CEO Samuel A. Landy sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $17.11, for a total transaction of $427,750.00. Following the transaction, the chief executive officer now directly owns 1,165,265 shares of the company’s stock, valued at approximately $19,937,684.15. The trade was a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Edward Mitchell sold 39,974 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.94, for a total value of $677,159.56. Following the transaction, the director now directly owns 115,627 shares in the company, valued at $1,958,721.38. This trade represents a 25.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,826 shares of company stock valued at $2,323,564. Corporate insiders own 8.77% of the company’s stock.

Hedge Funds Weigh In On UMH Properties

A number of institutional investors have recently made changes to their positions in the business. McIlrath & Eck LLC raised its position in shares of UMH Properties by 161.3% in the 1st quarter. McIlrath & Eck LLC now owns 266,398 shares of the real estate investment trust’s stock valued at $4,982,000 after purchasing an additional 164,465 shares in the last quarter. UniSuper Management Pty Ltd raised its position in shares of UMH Properties by 14.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 20,700 shares of the real estate investment trust’s stock valued at $387,000 after purchasing an additional 2,600 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of UMH Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,976 shares of the real estate investment trust’s stock valued at $804,000 after purchasing an additional 1,871 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of UMH Properties by 1,091.0% in the 1st quarter. Alliancebernstein L.P. now owns 896,183 shares of the real estate investment trust’s stock valued at $16,759,000 after purchasing an additional 820,934 shares in the last quarter. Finally, Amundi raised its position in shares of UMH Properties by 15.6% in the 1st quarter. Amundi now owns 41,420 shares of the real estate investment trust’s stock valued at $778,000 after purchasing an additional 5,590 shares in the last quarter. 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.