UMH Properties, Inc. (UMH) Cut to “Hold” at ValuEngine
UMH Properties, Inc. (NYSE:UMH) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.
A number of other equities analysts also recently commented on the stock. FBR & Co reissued an “outperform” rating and issued a $18.50 price objective on shares of UMH Properties in a research note on Tuesday, July 11th. BidaskClub downgraded shares of UMH Properties from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Sidoti boosted their price objective on shares of UMH Properties from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, Wunderlich boosted their price objective on shares of UMH Properties from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $17.88.
UMH Properties (UMH) traded down 1.67% during midday trading on Thursday, reaching $16.53. The company had a trading volume of 274,311 shares. The stock’s market capitalization is $552.83 million. The company has a 50-day moving average price of $17.07 and a 200-day moving average price of $15.39. UMH Properties has a one year low of $11.28 and a one year high of $17.90.
UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $26.45 million during the quarter. UMH Properties had a return on equity of 0.46% and a net margin of 0.59%. On average, equities analysts expect that UMH Properties will post ($0.11) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Friday, August 11th. UMH Properties’s dividend payout ratio (DPR) is -720.00%.
An institutional investor recently raised its position in UMH Properties stock. Creative Planning raised its position in UMH Properties, Inc. (NYSE:UMH) by 227.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,049 shares of the real estate investment trust’s stock after buying an additional 4,200 shares during the period. Creative Planning’s holdings in UMH Properties were worth $103,000 as of its most recent SEC filing. 45.36% of the stock is currently owned by institutional investors and hedge funds.
UMH Properties Company Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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