UMH Properties (NYSE:UMH) Stock Moved Down to “Sell” by Wall Street Zen

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

Separately, Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

UMH Properties Stock Down 1.5%

Shares of UMH Properties stock opened at $14.91 on Friday. The business has a 50-day moving average of $15.47 and a 200-day moving average of $15.45. The company has a debt-to-equity ratio of 1.43, a current ratio of 6.83 and a quick ratio of 6.90. The company has a market capitalization of $1.28 billion, a PE ratio of 298.16 and a beta of 0.99. UMH Properties has a 1-year low of $13.93 and a 1-year high of $16.77.

UMH Properties (NYSE:UMH) last released its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.02) 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 analyst estimates of $62.23 million. UMH Properties had a return on equity of 4.47% and a net margin of 9.04%. As a group, equities analysts forecast that UMH Properties will post 0.99 EPS for the current fiscal year.

UMH Properties Dividend Announcement

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 issued a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, November 16th. UMH Properties’s dividend payout ratio (DPR) is currently 1,800.00%.

Institutional Investors Weigh In On UMH Properties

A number of institutional investors have recently modified their holdings of UMH. Farther Finance Advisors LLC raised its position in UMH Properties by 56.1% during the third quarter. Farther Finance Advisors LLC now owns 2,039 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 733 shares during the period. Nissay Asset Management Corp Japan boosted its position in UMH Properties by 8.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 12,784 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 944 shares during the period. Asset Management One Co. Ltd. grew its stake in UMH Properties by 1.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 134,984 shares of the real estate investment trust’s stock valued at $2,079,000 after acquiring an additional 1,409 shares in the last quarter. Wedbush Securities Inc. grew its stake in UMH Properties by 1.2% during the 2nd quarter. Wedbush Securities Inc. now owns 189,997 shares of the real estate investment trust’s stock valued at $2,877,000 after acquiring an additional 2,239 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of UMH Properties by 321.9% in the 2nd quarter. Allworth Financial LP now owns 2,970 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 2,266 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Company Profile

Error: Response status code does not indicate success: 500 (Internal Server Error).