UMH Properties (NYSE:UMH)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research note issued to investors on Monday.
Separately, Zacks Investment Research raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.92.
UMH Properties (NYSE:UMH) traded up $0.65 on Monday, reaching $12.87. 423,383 shares of the company were exchanged, compared to its average volume of 199,045. The firm has a market capitalization of $426.80, a price-to-earnings ratio of -54.78, a PEG ratio of 1.48 and a beta of 0.60. UMH Properties has a 52-week low of $11.38 and a 52-week high of $17.90. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 2.14.
Several institutional investors have recently added to or reduced their stakes in UMH. New York State Common Retirement Fund raised its stake in shares of UMH Properties by 23.4% in the 2nd quarter. New York State Common Retirement Fund now owns 31,100 shares of the real estate investment trust’s stock valued at $530,000 after acquiring an additional 5,899 shares during the period. Northern Trust Corp raised its stake in shares of UMH Properties by 24.2% in the 2nd quarter. Northern Trust Corp now owns 388,174 shares of the real estate investment trust’s stock valued at $6,618,000 after acquiring an additional 75,670 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of UMH Properties by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 364,839 shares of the real estate investment trust’s stock valued at $6,221,000 after acquiring an additional 41,413 shares during the period. Voya Investment Management LLC raised its stake in shares of UMH Properties by 11.6% in the 2nd quarter. Voya Investment Management LLC now owns 17,252 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 1,798 shares during the period. Finally, State Street Corp raised its stake in shares of UMH Properties by 12.7% in the 2nd quarter. State Street Corp now owns 548,075 shares of the real estate investment trust’s stock valued at $9,340,000 after acquiring an additional 61,704 shares during the period. 55.35% of the stock is currently owned by institutional investors and hedge funds.
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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.
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