State of Wyoming Raises Stake in UMH Properties, Inc. (NYSE:UMH)

State of Wyoming lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 240.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,146 shares of the real estate investment trust's stock after purchasing an additional 19,880 shares during the period. State of Wyoming's holdings in UMH Properties were worth $531,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of UMH Properties by 1,011.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,456 shares during the period. Sterling Capital Management LLC raised its stake 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 acquiring an additional 1,748 shares during the period. 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 raised its stake in UMH Properties by 374.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 2,027 shares during the period. Finally, Ulland Investment Advisors LLC raised its stake in UMH Properties by 291.5% in the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust's stock valued at $74,000 after acquiring an additional 2,915 shares during the period. 75.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at UMH Properties

In other news, CEO Samuel A. Landy sold 25,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was 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. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Edward Mitchell sold 70,852 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the transaction, the director now directly owns 215,427 shares of the company's stock, valued at $3,705,344.40. The trade was a 24.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,826 shares of company stock valued at $2,323,564 in the last quarter. 8.77% of the stock is currently owned by corporate insiders.

UMH Properties Price Performance

UMH stock traded up $0.15 during mid-day trading on Friday, reaching $16.53. 661,938 shares of the company traded hands, compared to its average volume of 436,012. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The company has a market capitalization of $1.39 billion, a P/E ratio of 127.16, a P/E/G ratio of 2.93 and a beta of 1.14. UMH Properties, Inc. has a 52-week low of $14.73 and a 52-week high of $20.64. The company has a fifty day moving average price of $17.49 and a 200-day moving average price of $18.22.

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

UMH Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's payout ratio is presently 750.00%.

Analyst Upgrades and Downgrades

UMH has been the topic of a number of research reports. Maxim Group lowered their price objective on UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a research note on Monday, May 5th. Wall Street Zen cut UMH Properties from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, B. Riley restated a "buy" rating on shares of UMH Properties in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, UMH Properties presently has an average rating of "Hold" and an average price target of $21.00.

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.