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UMH Properties, Inc (NYSE:UMH) has been downgraded to Hold in a report by BidaskClub today.

Having a price of $16.72, UMH Properties, Inc (NYSE:UMH) traded -0.20% lower on the day. With the last close up -3.19% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. UMH has recorded a 50-day moving average of $16.60 and a 200-day moving average of $15.84. 178,427 shares of UMH traded hands, down from an average trading volume of 223,323

BidaskClub has downgraded UMH Properties, Inc (NYSE:UMH) to Hold in a statement released on Saturday July 08, 2017.

On 5/26/2017, Sidoti released a statement for UMH Properties, Inc (NYSE:UMH) raised the target price from $18.00 to $21.00 that suggested an upside of 0.22%.

Recent Performance Chart

UMH Properties, Inc (NYSE:UMH)

UMH Properties, Inc has 52 week low of $11.28 and a one year high of $17.90 and has a market capitalization of $0.

A total of 2 brokerages have issued a ratings update on UMH Properties, Inc. One brokerage rating the company a strong buy, zero brokerages rating the company a buy, one brokerage rating the company a hold, zero firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $11.00.

About UMH Properties, Inc (NYSE:UMH)

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. As of May 31, 2017, the Company owned 107 manufactured home communities consisting of approximately 19,400 developed sites. The communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. In connection with the operation of its communities, UMH also leases homes to prospective tenants. As of December 31, 2016, UMH owned a total of 4,700 rental homes, representing approximately 26% of its developed sites. These rental homes are owned by the Company and rented to residents.

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