UMH Properties, Inc. (NYSE:UMH) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in UMH Properties, Inc. (NYSE:UMH - Free Report) by 7.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 985,112 shares of the real estate investment trust's stock after buying an additional 70,695 shares during the quarter. D.A. Davidson & CO. owned approximately 1.19% of UMH Properties worth $18,422,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new position in shares of UMH Properties in the fourth quarter worth $26,000. Farther Finance Advisors LLC boosted its stake in shares of UMH Properties by 1,011.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 1,456 shares during the last quarter. KBC Group NV purchased a new stake in UMH Properties during the 1st quarter worth about $32,000. 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 purchasing an additional 1,748 shares during the last quarter. Finally, 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 purchasing an additional 2,027 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company's stock.

Wall Street Analyst Weigh In

UMH has been the topic of a number of recent research reports. Wedbush upgraded shares of UMH Properties to a "hold" rating in a report on Wednesday. Wall Street Zen upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Friday, June 6th. B. Riley restated a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Finally, Maxim Group reduced their target price 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

Insider Activity

In other news, Director William Edward Mitchell sold 70,852 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $17.20, for a total transaction of $1,218,654.40. Following the transaction, the director directly owned 215,427 shares in the company, valued at $3,705,344.40. This represents a 24.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $16.87, for a total transaction of $421,750.00. Following the transaction, the chief executive officer owned 1,140,265 shares in the company, valued at approximately $19,236,270.55. The trade was a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,826 shares of company stock worth $2,745,314. Insiders own 8.77% of the company's stock.

UMH Properties Trading Up 1.1%

NYSE:UMH traded up $0.19 on Friday, reaching $17.34. The stock had a trading volume of 317,525 shares, compared to its average volume of 440,954. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 144.51, a P/E/G ratio of 2.89 and a beta of 1.10. UMH Properties, Inc. has a 12-month low of $15.74 and a 12-month high of $20.64. The company has a debt-to-equity ratio of 1.02, a current ratio of 6.98 and a quick ratio of 6.98. The firm's fifty day moving average is $17.01 and its two-hundred day moving average is $17.70.

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

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, August 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.19%. UMH Properties's payout ratio is currently 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.