UMH Properties, Inc. (UMH) Rating Reiterated by B. Riley
UMH Properties, Inc. (NYSE:UMH)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a research report issued on Tuesday. They presently have a $17.50 target price on the real estate investment trust’s stock. B. Riley’s price target would indicate a potential upside of 13.34% from the company’s current price.
Several other equities analysts have also issued reports on UMH. BidaskClub lowered UMH Properties from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. DA Davidson started coverage on UMH Properties in a research note on Friday, September 1st. They set a “buy” rating and a $18.00 price target on the stock. Janney Montgomery Scott started coverage on UMH Properties in a research note on Friday, September 8th. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, September 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.50.
UMH Properties (NYSE:UMH) opened at $15.44 on Tuesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.46 and a current ratio of 4.46. UMH Properties has a one year low of $12.67 and a one year high of $17.90. The stock has a market capitalization of $539.27, a price-to-earnings ratio of 21.80, a PEG ratio of 2.06 and a beta of 0.60.
UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.34). UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The firm had revenue of $28.69 million for the quarter, compared to analyst estimates of $28.79 million. During the same period last year, the company earned ($0.02) EPS. The company’s revenue was up 13.1% compared to the same quarter last year. analysts forecast that UMH Properties will post 0.73 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC lifted its stake in UMH Properties by 2.4% in the third quarter. Neuberger Berman Group LLC now owns 250,244 shares of the real estate investment trust’s stock valued at $3,891,000 after buying an additional 5,966 shares during the period. California Public Employees Retirement System lifted its stake in UMH Properties by 13.2% in the third quarter. California Public Employees Retirement System now owns 53,717 shares of the real estate investment trust’s stock valued at $835,000 after buying an additional 6,281 shares during the period. First Allied Advisory Services Inc. acquired a new position in UMH Properties in the third quarter valued at about $629,000. OxFORD Asset Management LLP lifted its stake in UMH Properties by 78.8% in the third quarter. OxFORD Asset Management LLP now owns 68,375 shares of the real estate investment trust’s stock valued at $1,060,000 after buying an additional 30,124 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in UMH Properties by 6.2% in the third quarter. Dimensional Fund Advisors LP now owns 387,438 shares of the real estate investment trust’s stock valued at $6,025,000 after buying an additional 22,599 shares during the period. 53.63% of the stock is currently owned by hedge funds and other institutional investors.
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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