UMH PROPERTIES/SH SH (UMH) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for UMH PROPERTIES/SH SH (NYSE: UMH):

  • 10/19/2019 – UMH PROPERTIES/SH SH was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “United Mobile Home’s primary business is the ownership and operation of manufactured home communities – leasing manufactured home spaces on a month-to-month basis to private manufactured home owners. The company also leases homes to residents. A manufactured home community is designed to accommodate detached, single family manufactured housing units, which are produced off-site by manufacturers and delivered by truck to the site. “
  • 10/11/2019 – UMH PROPERTIES/SH SH was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “United Mobile Home’s primary business is the ownership and operation of manufactured home communities – leasing manufactured home spaces on a month-to-month basis to private manufactured home owners. The company also leases homes to residents. A manufactured home community is designed to accommodate detached, single family manufactured housing units, which are produced off-site by manufacturers and delivered by truck to the site. “
  • 10/5/2019 – UMH PROPERTIES/SH SH had its “hold” rating reaffirmed by analysts at Zacks Investment Research. According to Zacks, “United Mobile Home’s primary business is the ownership and operation of manufactured home communities – leasing manufactured home spaces on a month-to-month basis to private manufactured home owners. The company also leases homes to residents. A manufactured home community is designed to accommodate detached, single family manufactured housing units, which are produced off-site by manufacturers and delivered by truck to the site. “
  • 10/3/2019 – UMH PROPERTIES/SH SH was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating.
  • 9/28/2019 – UMH PROPERTIES/SH SH was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “United Mobile Home’s primary business is the ownership and operation of manufactured home communities – leasing manufactured home spaces on a month-to-month basis to private manufactured home owners. The company also leases homes to residents. A manufactured home community is designed to accommodate detached, single family manufactured housing units, which are produced off-site by manufacturers and delivered by truck to the site. “

NYSE UMH traded down $0.22 during trading on Wednesday, hitting $14.87. The stock had a trading volume of 2,835 shares, compared to its average volume of 130,264. The company has a market capitalization of $610.09 million, a PE ratio of 20.09, a P/E/G ratio of 2.24 and a beta of 0.61. The company’s 50-day moving average price is $13.98 and its two-hundred day moving average price is $13.33. The company has a debt-to-equity ratio of 2.59, a quick ratio of 3.05 and a current ratio of 3.05. UMH PROPERTIES/SH SH has a 12 month low of $11.14 and a 12 month high of $15.27.

UMH PROPERTIES/SH SH (NYSE:UMH) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.32). The company had revenue of $37.23 million for the quarter, compared to analyst estimates of $36.26 million. UMH PROPERTIES/SH SH had a negative return on equity of 22.16% and a negative net margin of 23.38%. As a group, equities analysts anticipate that UMH PROPERTIES/SH SH will post 0.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Thursday, November 14th. UMH PROPERTIES/SH SH’s payout ratio is presently 97.30%.

In other UMH PROPERTIES/SH SH news, insider Umh Properties, Inc. bought 17,810 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $13.70 per share, with a total value of $243,997.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $11.86, for a total value of $94,880.00. Following the transaction, the chairman now directly owns 603,555 shares in the company, valued at $7,158,162.30. The disclosure for this sale can be found here. Insiders have purchased a total of 22,072 shares of company stock worth $295,495 over the last three months. 10.84% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMH. FMR LLC boosted its stake in UMH PROPERTIES/SH SH by 197.8% in the 1st quarter. FMR LLC now owns 1,559,738 shares of the real estate investment trust’s stock valued at $21,962,000 after purchasing an additional 1,035,919 shares during the period. Nuveen Asset Management LLC bought a new stake in UMH PROPERTIES/SH SH in the 2nd quarter valued at $2,340,000. Investment Counselors of Maryland LLC boosted its stake in UMH PROPERTIES/SH SH by 12.8% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 1,297,559 shares of the real estate investment trust’s stock valued at $16,103,000 after purchasing an additional 147,083 shares during the period. Foundry Partners LLC boosted its stake in UMH PROPERTIES/SH SH by 58.6% in the 2nd quarter. Foundry Partners LLC now owns 343,250 shares of the real estate investment trust’s stock valued at $4,260,000 after purchasing an additional 126,788 shares during the period. Finally, BlackRock Inc. boosted its stake in UMH PROPERTIES/SH SH by 3.1% in the 2nd quarter. BlackRock Inc. now owns 2,700,858 shares of the real estate investment trust’s stock valued at $33,518,000 after purchasing an additional 80,428 shares during the period. Institutional investors and hedge funds own 60.14% of the company’s stock.

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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