UMH Properties (NYSE:UMH) Cut to “Sell” at StockNews.com

StockNews.com cut shares of UMH Properties (NYSE:UMH) from a hold rating to a sell rating in a research report released on Monday morning.

Several other equities research analysts have also recently commented on UMH. B. Riley reiterated a buy rating and set a $18.50 price target on shares of UMH Properties in a research report on Thursday, May 30th. William Blair reiterated a neutral rating on shares of UMH Properties in a research report on Monday, May 13th. Wedbush reiterated a neutral rating and set a $17.00 price target on shares of UMH Properties in a research report on Monday, May 13th. Finally, Compass Point lifted their price target on shares of UMH Properties from $20.00 to $21.50 and gave the stock a buy rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $19.00.

UMH Properties Trading Up 0.1 %

UMH opened at $16.33 on Monday. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $1.15 billion, a PE ratio of -108.86, a PEG ratio of 3.00 and a beta of 1.29. UMH Properties has a 1-year low of $13.26 and a 1-year high of $16.85. The firm has a 50-day moving average price of $15.60 and a two-hundred day moving average price of $15.48.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 5.27%. The ex-dividend date is Thursday, August 15th. UMH Properties’s payout ratio is -573.30%.

Insider Buying and Selling

In other news, Director Michael P. Landy acquired 4,700 shares of UMH Properties stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average price of $15.45 per share, with a total value of $72,615.00. Following the purchase, the director now directly owns 341,796 shares of the company’s stock, valued at $5,280,748.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael P. Landy acquired 4,700 shares of UMH Properties stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average price of $15.45 per share, with a total value of $72,615.00. Following the purchase, the director now directly owns 341,796 shares of the company’s stock, valued at $5,280,748.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the transaction, the chief executive officer now directly owns 1,149,565 shares in the company, valued at approximately $17,254,970.65. The disclosure for this sale can be found here. 8.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Kennedy Capital Management LLC lifted its stake in UMH Properties by 245.9% in the first quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock valued at $10,789,000 after buying an additional 472,307 shares in the last quarter. Robotti Robert lifted its stake in UMH Properties by 0.9% in the first quarter. Robotti Robert now owns 303,822 shares of the real estate investment trust’s stock valued at $4,934,000 after buying an additional 2,730 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in UMH Properties by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,577 shares of the real estate investment trust’s stock valued at $530,000 after buying an additional 2,158 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in UMH Properties by 8.9% in the first quarter. Gamco Investors INC. ET AL now owns 79,800 shares of the real estate investment trust’s stock valued at $1,296,000 after buying an additional 6,500 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its stake in UMH Properties by 843.9% in the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,806 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

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.