State of Wyoming Acquires 19,880 Shares of UMH Properties, Inc. (NYSE:UMH)

State of Wyoming lifted its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 240.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,146 shares of the real estate investment trust's stock after acquiring an additional 19,880 shares during the period. State of Wyoming's holdings in UMH Properties were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased 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 buying an additional 1,456 shares in the last quarter. Sterling Capital Management LLC increased its position in 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 in the last quarter. Golden State Wealth Management LLC bought a new stake in UMH Properties in the 4th quarter valued at about $38,000. Tower Research Capital LLC TRC increased its holdings in UMH Properties by 374.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 2,027 shares in the last quarter. Finally, Ulland Investment Advisors LLC increased its holdings in UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 2,915 shares in the last quarter. 75.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Maxim Group decreased their price target on UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a report on Monday, May 5th. StockNews.com downgraded UMH Properties from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, B. Riley reiterated a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, UMH Properties currently has a consensus rating of "Hold" and an average price target of $21.00.

Insider Buying and Selling

In other UMH Properties news, CEO Samuel A. Landy sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $17.11, for a total transaction of $427,750.00. Following the completion of the transaction, the chief executive officer now owns 1,165,265 shares of the company's stock, valued at approximately $19,937,684.15. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the director now owns 115,627 shares in the company, valued at $1,958,721.38. This represents a 25.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,826 shares of company stock valued at $2,323,564 over the last three months. Corporate insiders own 8.77% of the company's stock.

UMH Properties Stock Down 0.2%

UMH opened at $17.17 on Tuesday. The stock has a market cap of $1.44 billion, a PE ratio of 132.09, a P/E/G ratio of 2.93 and a beta of 1.14. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 52 week low of $14.73 and a 52 week high of $20.64. The business's fifty day simple moving average is $17.60 and its 200 day simple moving average is $18.28.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The business had revenue of $61.23 million during the quarter, compared to analyst estimates of $62.82 million. As a group, research analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a $0.225 dividend. This is an increase from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date is Thursday, May 15th. UMH Properties's dividend payout ratio is presently 750.00%.

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

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