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 Sunday.

A number of other research analysts have also commented on UMH. B. Riley started coverage on shares of UMH Properties in a research report on Thursday, March 21st. They set a buy rating and a $18.50 price target for the company. Wedbush restated a neutral rating and issued a $17.00 target price on shares of UMH Properties in a research note on Monday, March 25th. Finally, Compass Point lifted their price target on UMH Properties from $20.00 to $21.50 and gave the company a buy rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $19.00.

UMH Properties Price Performance

UMH stock opened at $15.90 on Friday. The firm has a 50 day moving average of $15.82 and a 200-day moving average of $15.12. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $1.12 billion, a P/E ratio of -106.00, a price-to-earnings-growth ratio of 2.75 and a beta of 1.24. UMH Properties has a 12 month low of $13.26 and a 12 month high of $16.85.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.215 per share. This is an increase from UMH Properties’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, May 14th. This represents a $0.86 dividend on an annualized basis and a yield of 5.41%. UMH Properties’s dividend payout ratio (DPR) is presently -573.33%.

Insider Transactions at UMH Properties

In other UMH Properties news, COO Brett Taft sold 9,800 shares of UMH Properties stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total transaction of $155,918.00. Following the transaction, the chief operating officer now directly owns 97,049 shares of the company’s stock, valued at $1,544,049.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.63% of the company’s stock.

Institutional Investors Weigh In On UMH Properties

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in UMH Properties by 2.4% in the 1st quarter. State of Alaska Department of Revenue now owns 28,798 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 668 shares during the period. Strs Ohio boosted its holdings in UMH Properties by 6.1% during the 4th quarter. Strs Ohio now owns 12,200 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 700 shares during the period. Arizona State Retirement System boosted its holdings in shares of UMH Properties by 5.4% in the fourth quarter. Arizona State Retirement System now owns 17,334 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 894 shares during the period. Bard Associates Inc. lifted its position in shares of UMH Properties by 2.2% in the 4th quarter. Bard Associates Inc. now owns 49,835 shares of the real estate investment trust’s stock worth $763,000 after purchasing an additional 1,060 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its holdings in UMH Properties by 7.5% in the first quarter. Wealthcare Advisory Partners LLC now owns 15,615 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 1,090 shares in the last quarter. Institutional investors 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.