32,164 Shares in UMH Properties, Inc. (NYSE:UMH) Bought by Advisor Resource Council

Advisor Resource Council purchased a new position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,164 shares of the real estate investment trust's stock, valued at approximately $578,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new position in UMH Properties in the fourth quarter valued at $26,000. Farther Finance Advisors LLC raised its position in UMH Properties by 1,011.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,456 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of UMH Properties by 861.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,748 shares during the period. Tower Research Capital LLC TRC grew its position in shares of UMH Properties by 374.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust's stock worth $48,000 after buying an additional 2,027 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of UMH Properties by 3,585.3% during the first quarter. GAMMA Investing LLC now owns 6,265 shares of the real estate investment trust's stock worth $117,000 after buying an additional 6,095 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UMH shares. B. Riley reaffirmed a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Maxim Group reduced their price objective on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

Insider Activity at UMH Properties

In related news, Director William Edward Mitchell sold 39,974 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.94, for a total transaction of $677,159.56. Following the transaction, the director now owns 115,627 shares in the company, valued at $1,958,721.38. This trade represents a 25.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $17.11, for a total value of $427,750.00. Following the transaction, the chief executive officer now directly owns 1,165,265 shares in the company, valued at approximately $19,937,684.15. This trade represents a 2.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,826 shares of company stock valued at $2,745,314 over the last ninety days. Insiders own 8.77% of the company's stock.

UMH Properties Stock Up 2.3%

Shares of NYSE UMH traded up $0.37 during midday trading on Thursday, hitting $16.95. 485,958 shares of the company's stock were exchanged, compared to its average volume of 437,182. The company has a debt-to-equity ratio of 1.02, a current ratio of 6.98 and a quick ratio of 6.98. UMH Properties, Inc. has a twelve month low of $15.39 and a twelve month high of $20.64. The company has a market cap of $1.43 billion, a PE ratio of 141.30, a P/E/G ratio of 2.75 and a beta of 1.12. The firm's fifty day simple moving average is $17.04 and its 200-day simple moving average is $17.81.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. UMH Properties had a net margin of 11.51% and a return on equity of 5.14%. The company had revenue of $61.23 million for the quarter, compared to analyst estimates of $62.82 million. Research analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Thursday, May 15th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This is a boost from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 5.31%. UMH Properties's payout ratio is 750.00%.

UMH Properties Company 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.