UMH Properties, Inc (NYSE:UMH) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.84 and last traded at $11.83, with a volume of 113883 shares. The stock had previously closed at $12.34.
A number of research analysts have issued reports on the stock. B. Riley set a $16.00 price target on shares of UMH Properties and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of UMH Properties from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. UMH Properties has an average rating of “Buy” and an average target price of $18.25.
The firm has a market capitalization of $431.00, a P/E ratio of -53.04, a price-to-earnings-growth ratio of 1.47 and a beta of 0.50. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.46 and a quick ratio of 4.46.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in UMH Properties by 202.9% during the second quarter. Vanguard Group Inc. now owns 3,347,292 shares of the real estate investment trust’s stock valued at $57,071,000 after buying an additional 2,242,115 shares during the period. BlackRock Inc. grew its position in UMH Properties by 4.0% during the fourth quarter. BlackRock Inc. now owns 2,443,772 shares of the real estate investment trust’s stock valued at $36,413,000 after buying an additional 94,141 shares during the period. Boulegeris Investments Inc. grew its position in UMH Properties by 1.0% during the fourth quarter. Boulegeris Investments Inc. now owns 1,801,335 shares of the real estate investment trust’s stock valued at $26,840,000 after buying an additional 17,557 shares during the period. Wells Fargo & Company MN grew its position in UMH Properties by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,082,606 shares of the real estate investment trust’s stock valued at $16,130,000 after buying an additional 11,844 shares during the period. Finally, State Street Corp grew its position in shares of UMH Properties by 12.7% in the second quarter. State Street Corp now owns 548,075 shares of the real estate investment trust’s stock valued at $9,340,000 after purchasing an additional 61,704 shares during the period. Institutional investors own 53.46% of the company’s stock.
UMH Properties Company Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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