UMH Properties (NYSE:UMH) Rating Lowered to Sell at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UMH Properties in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, UMH Properties presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

UMH Properties Stock Down 0.1%

Shares of UMH opened at $14.91 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 6.83 and a current ratio of 6.83. UMH Properties has a one year low of $13.93 and a one year high of $16.77. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 298.16 and a beta of 0.99. The stock has a 50 day moving average price of $15.47 and a 200 day moving average price of $15.45.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $74.14 million during the quarter, compared to analyst estimates of $62.23 million. UMH Properties had a net margin of 9.04% and a return on equity of 4.47%. Equities research analysts forecast that UMH Properties will post 0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UMH Properties

Several hedge funds and other institutional investors have recently made changes to their positions in UMH. BlackRock Inc. acquired a new position in shares of UMH Properties during the 2nd quarter valued at about $127,139,000. D.A. Davidson & CO. grew its holdings in shares of UMH Properties by 28.5% in the third quarter. D.A. Davidson & CO. now owns 2,497,888 shares of the real estate investment trust’s stock valued at $38,467,000 after purchasing an additional 554,750 shares during the period. Private Management Group Inc. increased its position in UMH Properties by 3.0% during the third quarter. Private Management Group Inc. now owns 2,029,206 shares of the real estate investment trust’s stock worth $31,250,000 after purchasing an additional 58,510 shares during the last quarter. Dimensional Fund Advisors LP increased its position in UMH Properties by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,175,769 shares of the real estate investment trust’s stock worth $16,966,000 after purchasing an additional 42,964 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in UMH Properties during the second quarter worth about $15,655,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

About UMH Properties

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