D.A. Davidson & CO. Grows Position in UMH Properties, Inc. (NYSE:UMH)

D.A. Davidson & CO. raised its position in shares of UMH Properties, Inc. (NYSE:UMH) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 872,734 shares of the real estate investment trust’s stock after buying an additional 1,066 shares during the quarter. D.A. Davidson & CO. owned about 1.11% of UMH Properties worth $17,167,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Maryland Capital Advisors Inc. purchased a new position in shares of UMH Properties in the 3rd quarter worth approximately $26,000. EntryPoint Capital LLC boosted its holdings in shares of UMH Properties by 843.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,806 shares during the period. Loomis Sayles & Co. L P boosted its holdings in shares of UMH Properties by 2,760.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 2,346 shares during the period. US Bancorp DE boosted its holdings in shares of UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,791 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of UMH Properties by 36.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 698 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Wedbush raised their price target on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Finally, B. Riley raised their price target on UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Trading Up 0.1 %

Shares of NYSE UMH opened at $19.41 on Wednesday. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $19.15 and a two-hundred day simple moving average of $17.90. The firm has a market cap of $1.53 billion, a PE ratio of 149.28, a price-to-earnings-growth ratio of 3.47 and a beta of 1.30. UMH Properties, Inc. has a twelve month low of $13.91 and a twelve month high of $20.64.

UMH Properties (NYSE:UMH) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The firm had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. During the same period last year, the firm earned $0.22 earnings per share. Analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Insider Buying and Selling at UMH Properties

In other news, Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the transaction, the director now directly owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.63% of the stock is currently owned by corporate insiders.

UMH Properties Profile

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, Michigan, Maryland, Alabama, South Carolina and Georgia.