UMH Properties (NYSE:UMH – Get Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.
UMH Properties Stock Performance
Shares of UMH Properties stock opened at $15.86 on Friday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -105.73, a PEG ratio of 4.16 and a beta of 1.24. The firm’s 50-day moving average is $15.05 and its 200 day moving average is $14.65. UMH Properties has a 1 year low of $13.26 and a 1 year high of $16.85. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.52 and a quick ratio of 6.17.
Hedge Funds Weigh In On UMH Properties
A number of hedge funds have recently bought and sold shares of the company. American International Group Inc. raised its position in UMH Properties by 7.0% in the 4th quarter. American International Group Inc. now owns 29,765 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 1,936 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in UMH Properties by 7.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,419 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 2,149 shares during the last quarter. GSA Capital Partners LLP raised its position in UMH Properties by 15.4% in the 4th quarter. GSA Capital Partners LLP now owns 113,608 shares of the real estate investment trust’s stock worth $1,740,000 after buying an additional 15,166 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in UMH Properties by 5.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 89,629 shares of the real estate investment trust’s stock worth $1,373,000 after buying an additional 4,562 shares during the last quarter. Finally, Barclays PLC raised its position in UMH Properties by 87.8% in the 4th quarter. Barclays PLC now owns 155,103 shares of the real estate investment trust’s stock worth $2,377,000 after buying an additional 72,531 shares during the last quarter. Institutional investors own 71.65% of the company’s stock.
About UMH Properties
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia.
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