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

StockNews.com lowered shares of UMH Properties (NYSE:UMH) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

A number of other brokerages also recently issued reports on UMH. Wedbush reaffirmed a neutral rating and set a $17.00 price target on shares of UMH Properties in a research report on Monday. Compass Point upped their price target on UMH Properties from $20.00 to $21.50 and gave the stock a buy rating in a research report on Thursday, March 21st. Finally, B. Riley initiated coverage on UMH Properties in a research report on Thursday, March 21st. They issued a buy rating and a $18.50 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $19.00.

UMH Properties Stock Up 2.5 %

Shares of NYSE UMH opened at $16.24 on Tuesday. The stock has a 50 day moving average price of $15.31 and a 200 day moving average price of $14.80. The company has a debt-to-equity ratio of 1.66, a quick ratio of 6.52 and a current ratio of 6.52. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -108.26, a PEG ratio of 2.81 and a beta of 1.24. UMH Properties has a 52-week low of $13.26 and a 52-week high of $16.85.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Wednesday, February 14th. UMH Properties’s payout ratio is currently -546.63%.

Institutional Investors Weigh In On UMH Properties

Several hedge funds have recently modified their holdings of UMH. Vanguard Group Inc. lifted its stake in UMH Properties by 10.6% in the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock valued at $100,212,000 after buying an additional 629,427 shares in the last quarter. BlackRock Inc. raised its holdings in UMH Properties by 22.9% in the 2nd quarter. BlackRock Inc. now owns 4,759,328 shares of the real estate investment trust’s stock valued at $76,054,000 after acquiring an additional 886,892 shares during the last quarter. American Century Companies Inc. raised its holdings in UMH Properties by 29.5% in the 3rd quarter. American Century Companies Inc. now owns 2,532,194 shares of the real estate investment trust’s stock valued at $35,501,000 after acquiring an additional 576,304 shares during the last quarter. Finally, State Street Corp raised its holdings in UMH Properties by 5.1% in the 2nd quarter. State Street Corp now owns 1,697,046 shares of the real estate investment trust’s stock valued at $27,119,000 after acquiring an additional 82,823 shares during the last quarter. 75.40% of the stock is owned by hedge funds and other 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.