UMH Properties (NYSE:UMH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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. “

Separately, B. Riley reissued a “buy” rating and issued a $17.50 price target on shares of UMH Properties in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $18.50.

Shares of UMH Properties (NYSE:UMH) traded down $0.02 during midday trading on Friday, hitting $13.98. The company had a trading volume of 114,958 shares, compared to its average volume of 141,489. The company has a market cap of $488.28, a PE ratio of -63.55, a price-to-earnings-growth ratio of 1.62 and a beta of 0.61. UMH Properties has a 1-year low of $13.65 and a 1-year high of $17.90. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 1.98.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.34). The firm had revenue of $28.69 million during the quarter, compared to the consensus estimate of $28.79 million. UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) EPS. analysts predict that UMH Properties will post 0.73 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in UMH Properties by 202.9% during the second quarter. Vanguard Group Inc. now owns 3,347,292 shares of the real estate investment trust’s stock worth $57,071,000 after purchasing an additional 2,242,115 shares during the period. Boulegeris Investments Inc. boosted its position in UMH Properties by 1.2% during the third quarter. Boulegeris Investments Inc. now owns 1,783,778 shares of the real estate investment trust’s stock worth $27,738,000 after purchasing an additional 20,495 shares during the period. State Street Corp boosted its position in UMH Properties by 12.7% during the second quarter. State Street Corp now owns 548,075 shares of the real estate investment trust’s stock worth $9,340,000 after purchasing an additional 61,704 shares during the period. Schwab Charles Investment Management Inc. boosted its position in UMH Properties by 101.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 423,614 shares of the real estate investment trust’s stock worth $6,588,000 after purchasing an additional 212,866 shares during the period. Finally, Northern Trust Corp boosted its position in UMH Properties by 24.2% during the second quarter. Northern Trust Corp now owns 388,174 shares of the real estate investment trust’s stock worth $6,618,000 after purchasing an additional 75,670 shares during the period. 54.93% of the stock is owned by hedge funds and other institutional investors.

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About UMH Properties

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.

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