UMH Properties (NYSE:UMH) Downgraded to “Sell” Rating by StockNews.com

UMH Properties (NYSE:UMH) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Separately, Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.25.

UMH Properties Stock Up 1.8 %

NYSE:UMH traded up $0.33 during trading hours on Tuesday, reaching $18.33. The company had a trading volume of 336,311 shares, compared to its average volume of 297,681. UMH Properties has a twelve month low of $14.09 and a twelve month high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 141.00, a P/E/G ratio of 2.93 and a beta of 1.28. The business’s 50-day simple moving average is $18.27 and its two-hundred day simple moving average is $18.93.

Hedge Funds Weigh In On UMH Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its stake in shares of UMH Properties by 124.5% in the fourth quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust’s stock worth $76,121,000 after purchasing an additional 2,236,080 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in UMH Properties in the 4th quarter valued at $23,396,000. State Street Corp lifted its stake in UMH Properties by 44.5% during the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after acquiring an additional 863,089 shares in the last quarter. Vanguard Group Inc. boosted its holdings in UMH Properties by 11.9% during the 4th quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock worth $141,722,000 after acquiring an additional 799,798 shares during the last quarter. Finally, APG Asset Management US Inc. bought a new stake in shares of UMH Properties in the 4th quarter worth $9,121,000. Institutional investors and hedge funds 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.