UMH PROPERTIES/SH SH (NYSE:UMH) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.32 and last traded at $16.26, with a volume of 22962 shares changing hands. The stock had previously closed at $16.13.

Several analysts recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of UMH PROPERTIES/SH SH in a report on Monday, November 11th. TheStreet upgraded UMH PROPERTIES/SH SH from a “d+” rating to a “c-” rating in a research report on Thursday, October 3rd. Maxim Group reissued a “buy” rating and set a $18.00 price target on shares of UMH PROPERTIES/SH SH in a research note on Friday, November 8th. Finally, Zacks Investment Research raised UMH PROPERTIES/SH SH from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. UMH PROPERTIES/SH SH currently has a consensus rating of “Buy” and a consensus target price of $18.00.

The stock has a market capitalization of $654.46 million, a price-to-earnings ratio of 21.92 and a beta of 0.63. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 3.06. The stock’s 50-day simple moving average is $15.70 and its 200 day simple moving average is $14.12.

UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $37.33 million during the quarter, compared to the consensus estimate of $38.82 million. UMH PROPERTIES/SH SH had a negative net margin of 6.03% and a negative return on equity of 6.05%. As a group, equities research analysts anticipate that UMH PROPERTIES/SH SH will post 0.61 earnings per share for the current year.

In related news, insider Umh Properties, Inc. acquired 17,195 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $14.19 per share, for a total transaction of $243,997.05. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Eugene W. Landy sold 8,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $15.84, for a total value of $126,720.00. The disclosure for this sale can be found here. 10.84% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in shares of UMH PROPERTIES/SH SH by 254.9% in the fourth quarter. State of Alaska Department of Revenue now owns 10,250 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 7,362 shares during the period. Pensionfund DSM Netherlands boosted its stake in shares of UMH PROPERTIES/SH SH by 162.2% in the fourth quarter. Pensionfund DSM Netherlands now owns 98,553 shares of the real estate investment trust’s stock worth $1,550,000 after buying an additional 60,970 shares during the last quarter. Millennium Management LLC boosted its stake in shares of UMH PROPERTIES/SH SH by 2,040.6% in the third quarter. Millennium Management LLC now owns 214,055 shares of the real estate investment trust’s stock worth $3,013,000 after buying an additional 204,055 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of UMH PROPERTIES/SH SH by 19.3% in the third quarter. Squarepoint Ops LLC now owns 16,537 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 2,671 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of UMH PROPERTIES/SH SH by 3.6% in the third quarter. California State Teachers Retirement System now owns 55,860 shares of the real estate investment trust’s stock worth $787,000 after buying an additional 1,924 shares during the last quarter. 60.58% of the stock is currently owned by institutional investors.

About UMH PROPERTIES/SH SH (NYSE:UMH)

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

Read More: Real Estate Investment Trust (REIT) ETF

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