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

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

Separately, Wedbush reiterated a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, UMH Properties has a consensus rating of “Hold” and a consensus price target of $21.25.

UMH Properties Stock Up 3.0 %

Shares of NYSE:UMH opened at $18.58 on Tuesday. 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 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. The company has a 50 day moving average of $18.25 and a 200-day moving average of $18.92. UMH Properties has a one year low of $14.09 and a one year high of $20.64.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that UMH Properties will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of UMH Properties by 11.9% during the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock worth $141,722,000 after purchasing an additional 799,798 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in UMH Properties by 1.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,251,335 shares of the real estate investment trust’s stock worth $99,146,000 after purchasing an additional 57,547 shares in the last quarter. Capital Research Global Investors raised its holdings in UMH Properties by 124.5% during the 4th quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust’s stock worth $76,121,000 after buying an additional 2,236,080 shares during the period. Copeland Capital Management LLC lifted its stake in UMH Properties by 2.4% in the fourth quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust’s stock valued at $53,401,000 after buying an additional 67,353 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of UMH Properties by 44.5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after buying an additional 863,089 shares during the period. 75.40% of the stock is currently owned by institutional investors.

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.