Weekly Investment Analysts’ Ratings Changes for UMH PROPERTIES/SH SH (UMH)

UMH PROPERTIES/SH SH (NYSE: UMH) recently received a number of ratings updates from brokerages and research firms:

  • 11/7/2018 – 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. “
  • 11/5/2018 – UMH PROPERTIES/SH SH had its price target lowered by analysts at B. Riley from $17.00 to $16.00. They now have a “buy” rating on the stock.
  • 11/5/2018 – UMH PROPERTIES/SH SH was given a new $20.00 price target on by analysts at Boenning Scattergood. They now have a “buy” rating on the stock.
  • 10/29/2018 – UMH PROPERTIES/SH SH was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/18/2018 – UMH PROPERTIES/SH SH was downgraded by analysts at Zacks Investment Research from a “buy” 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. “

Shares of UMH stock traded up $0.42 during trading hours on Monday, reaching $13.10. 9,232 shares of the stock traded hands, compared to its average volume of 185,140. UMH PROPERTIES/SH SH has a 1-year low of $11.38 and a 1-year high of $16.69. The company has a debt-to-equity ratio of 2.44, a current ratio of 4.12 and a quick ratio of 4.12. The firm has a market capitalization of $477.60 million, a P/E ratio of 18.45, a P/E/G ratio of 1.79 and a beta of 0.48.

UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.28). UMH PROPERTIES/SH SH had a negative net margin of 19.73% and a negative return on equity of 14.43%. The firm had revenue of $33.45 million for the quarter, compared to analyst estimates of $32.20 million. Sell-side analysts predict that UMH PROPERTIES/SH SH will post 0.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.50%. UMH PROPERTIES/SH SH’s dividend payout ratio is currently 101.41%.

In other news, insider Umh Properties, Inc. purchased 9,396 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were acquired at an average price of $16.39 per share, for a total transaction of $154,000.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 10,274 shares of company stock worth $165,001 in the last 90 days. 10.89% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in UMH. Dimensional Fund Advisors LP grew its position in UMH PROPERTIES/SH SH by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 427,975 shares of the real estate investment trust’s stock valued at $5,739,000 after purchasing an additional 22,980 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in UMH PROPERTIES/SH SH during the second quarter valued at approximately $139,000. Northpointe Capital LLC purchased a new position in UMH PROPERTIES/SH SH during the second quarter valued at approximately $3,498,000. Aperio Group LLC purchased a new position in UMH PROPERTIES/SH SH during the second quarter valued at approximately $252,000. Finally, D.A. Davidson & CO. grew its position in UMH PROPERTIES/SH SH by 6.6% during the second quarter. D.A. Davidson & CO. now owns 434,463 shares of the real estate investment trust’s stock valued at $6,669,000 after purchasing an additional 27,062 shares in the last quarter. 53.19% of the stock is currently owned by hedge funds and other institutional investors.

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 114 manufactured home communities containing approximately 20,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

See Also: Call Option

Receive News & Ratings for UMH PROPERTIES/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH PROPERTIES/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply