UMH Properties (NYSE:UMH) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of UMH Properties (NYSE:UMH) from a hold rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UMH Properties in a report on Thursday, October 29th. One research 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

UMH Properties Trading Down 1.1%

UMH Properties stock opened at $14.76 on Friday. The stock has a 50-day simple moving average of $15.43 and a 200 day simple moving average of $15.44. The stock has a market capitalization of $1.27 billion, a P/E ratio of 295.20 and a beta of 0.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 6.90 and a current ratio of 6.83. UMH Properties has a 52 week low of $13.93 and a 52 week high of $16.77.

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

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be given a dividend of $0.2250 per share. The ex-dividend date is Monday, November 16th. This represents a $0.90 annualized dividend and a yield of 6.1%. UMH Properties’s dividend payout ratio (DPR) is 1,800.00%.

Hedge Funds Weigh In On UMH Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cherokee Insurance Co increased its stake in shares of UMH Properties by 1.5% during the third quarter. Cherokee Insurance Co now owns 421,311 shares of the real estate investment trust’s stock worth $6,488,000 after purchasing an additional 6,149 shares during the period. Private Management Group Inc. boosted its stake in UMH Properties by 3.0% in the 3rd quarter. Private Management Group Inc. now owns 2,029,206 shares of the real estate investment trust’s stock valued at $31,250,000 after purchasing an additional 58,510 shares during the period. Kestra Advisory Services LLC bought a new stake in UMH Properties in the 3rd quarter valued at $157,000. Inscription Capital LLC boosted its stake in UMH Properties by 56.6% in the 3rd quarter. Inscription Capital LLC now owns 16,693 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 6,032 shares during the period. Finally, State of Wyoming grew its holdings in UMH Properties by 287.2% in the 3rd quarter. State of Wyoming now owns 18,519 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 13,736 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Company Profile

UMH Properties, Inc is a real estate investment trust (REIT) that owns and operates manufactured home communities. Its primary business is providing developed homesites for residents who own or rent manufactured homes.

The company also offers manufactured homes for rent and sale, giving residents options for living in its communities. UMH serves markets across the Northeast, Midwest and Southeast United States.

Founded in 1968, UMH is headquartered in Freehold, New Jersey. Samuel A.