UMH Properties (UMH) Upgraded to “Hold” by Zacks Investment Research

UMH Properties (NYSE:UMH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to 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 reaffirmed a “buy” rating on shares of UMH Properties in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.50.

Shares of UMH Properties (NYSE UMH) opened at $13.98 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.46 and a current ratio of 4.46. The company has a market capitalization of $488.28, a price-to-earnings ratio of 20.26, a P/E/G ratio of 1.58 and a beta of 0.61. UMH Properties has a 52 week low of $13.65 and a 52 week high of $17.90.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Neuberger Berman Group LLC boosted its stake in UMH Properties by 2.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 250,244 shares of the real estate investment trust’s stock worth $3,891,000 after buying an additional 5,966 shares during the last quarter. California Public Employees Retirement System boosted its stake in UMH Properties by 13.2% in the 3rd quarter. California Public Employees Retirement System now owns 53,717 shares of the real estate investment trust’s stock worth $835,000 after buying an additional 6,281 shares during the last quarter. First Allied Advisory Services Inc. acquired a new stake in UMH Properties in the 3rd quarter worth about $629,000. OxFORD Asset Management LLP boosted its stake in UMH Properties by 78.8% in the 3rd quarter. OxFORD Asset Management LLP now owns 68,375 shares of the real estate investment trust’s stock worth $1,060,000 after buying an additional 30,124 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in UMH Properties by 6.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 387,438 shares of the real estate investment trust’s stock worth $6,025,000 after buying an additional 22,599 shares during the last quarter. 54.93% of the stock is currently owned by institutional investors and hedge funds.

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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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