UMH Properties (NYSE:UMH) Given Neutral Rating at Wedbush

UMH Properties (NYSE:UMH)‘s stock had its “neutral” rating reiterated by stock analysts at Wedbush in a research report issued on Monday,Benzinga reports. They presently have a $20.00 price objective on the real estate investment trust’s stock. Wedbush’s price target indicates a potential upside of 14.03% from the stock’s previous close.

Separately, StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Stock Down 0.3 %

NYSE UMH traded down $0.05 during trading hours on Monday, reaching $17.54. 17,761 shares of the company traded hands, compared to its average volume of 279,678. UMH Properties has a 12 month low of $14.09 and a 12 month high of $20.64. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.38 billion, a PE ratio of 134.93, a PEG ratio of 3.47 and a beta of 1.29. The company has a 50 day moving average of $19.06 and a two-hundred day moving average of $18.76.

UMH Properties (NYSE:UMH) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of $60.67 million for the quarter, compared to analyst estimates of $61.57 million. During the same period last year, the company posted $0.22 earnings per share. As a group, equities analysts expect that UMH Properties will post 0.93 earnings per share for the current year.

Insider Transactions at UMH Properties

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total value of $53,928.00. Following the sale, the director now owns 7,993 shares of the company’s stock, valued at $153,945.18. The trade was a 25.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total transaction of $977,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UMH. State of Alaska Department of Revenue raised its position in shares of UMH Properties by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 663 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of UMH Properties by 36.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 698 shares during the period. Arizona State Retirement System raised its position in shares of UMH Properties by 6.4% in the 2nd quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 1,111 shares during the period. Centiva Capital LP raised its position in shares of UMH Properties by 4.0% in the 3rd quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock valued at $618,000 after acquiring an additional 1,195 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of UMH Properties in the 3rd quarter valued at approximately $26,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

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.