StockNews.com Lowers UMH Properties (NYSE:UMH) to Sell

StockNews.com lowered shares of UMH Properties (NYSE:UMH) from a hold rating to a sell rating in a report issued on Sunday morning.

A number of other equities research analysts also recently issued reports on the stock. Compass Point increased their price target on shares of UMH Properties from $20.00 to $21.50 and gave the stock a buy rating in a report on Thursday, March 21st. Wedbush reissued a neutral rating and issued a $17.00 price target on shares of UMH Properties in a report on Monday, March 25th. Finally, B. Riley initiated 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $19.00.

UMH Properties Trading Down 0.4 %

Shares of UMH Properties stock opened at $15.72 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 6.82 and a current ratio of 6.82. The stock has a market capitalization of $1.11 billion, a P/E ratio of -104.79, a P/E/G ratio of 2.75 and a beta of 1.24. UMH Properties has a 52-week low of $13.26 and a 52-week high of $16.85. The stock’s 50-day simple moving average is $15.79 and its 200 day simple moving average is $15.11.

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.86 annualized dividend and a yield of 5.47%. This is a positive change from UMH Properties’s previous quarterly dividend of $0.21. UMH Properties’s payout ratio is presently -546.63%.

Insider Buying and Selling

In related news, COO Brett Taft sold 9,800 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total transaction of $155,918.00. Following the sale, the chief operating officer now directly owns 97,049 shares of the company’s stock, valued at approximately $1,544,049.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. increased its stake in UMH Properties by 382.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,711 shares during the last quarter. Spire Wealth Management increased its position in UMH Properties by 177.8% in the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,125 shares during the last quarter. Quadrant Capital Group LLC raised its stake in UMH Properties by 52.7% during the fourth quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,856 shares in the last quarter. International Assets Investment Management LLC lifted its position in UMH Properties by 1,440.7% during the fourth quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 7,391 shares during the last quarter. Finally, Advisor Partners II LLC purchased a new position in shares of UMH Properties in the 3rd quarter worth $145,000. 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.