UMH Properties, Inc. $UMH Shares Bought by Ulland Investment Advisors LLC

Key Points

• Ulland Investment Advisors LLC significantly increased its stake in UMH Properties by 220.6% during the second quarter, now owning nearly 29,000 shares valued at approximately $485,000.
• Analysts currently have a mixed outlook on UMH shares, with ratings ranging from "buy" to "sell," and an average price target of $18.50.
• UMH Properties declared a quarterly dividend of $0.225 to be paid on December 15th, representing an annualized yield of 6.3%.

Ulland Investment Advisors LLC raised its stake in UMH Properties, Inc. (NYSE:UMH - Free Report) by 220.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,915 shares of the real estate investment trust's stock after acquiring an additional 19,895 shares during the period. Ulland Investment Advisors LLC's holdings in UMH Properties were worth $485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV bought a new position in UMH Properties in the 1st quarter valued at approximately $32,000. Stone House Investment Management LLC bought a new position in UMH Properties in the 1st quarter valued at approximately $34,000. Summit Securities Group LLC bought a new position in UMH Properties in the 1st quarter valued at approximately $35,000. Cloud Capital Management LLC bought a new position in UMH Properties in the 1st quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC lifted its stake in UMH Properties by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,000 shares of the real estate investment trust's stock valued at $75,000 after purchasing an additional 2,000 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UMH shares. Wedbush raised shares of UMH Properties to a "hold" rating in a research note on Wednesday, July 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of UMH Properties in a research note on Wednesday. Wall Street Zen downgraded shares of UMH Properties from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Finally, Cantor Fitzgerald started coverage on shares of UMH Properties in a research note on Wednesday, October 1st. They set a "neutral" rating and a $15.00 price target for the company. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.50.

Insider Activity at UMH Properties

In other UMH Properties news, Director William Edward Mitchell sold 75,849 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $16.32, for a total value of $1,237,855.68. Following the completion of the sale, the director directly owned 41,368 shares in the company, valued at approximately $675,125.76. This trade represents a 64.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. Landy purchased 10,000 shares of UMH Properties stock in a transaction on Monday, September 29th. The stock was bought at an average price of $14.46 per share, with a total value of $144,600.00. Following the completion of the acquisition, the director directly owned 362,052 shares of the company's stock, valued at approximately $5,235,271.92. This trade represents a 2.84% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 175,249 shares of company stock valued at $2,775,528. Company insiders own 8.77% of the company's stock.

UMH Properties Trading Up 0.4%

NYSE:UMH opened at $14.22 on Friday. The company has a current ratio of 8.56, a quick ratio of 8.56 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 101.54, a PEG ratio of 2.47 and a beta of 1.05. The firm has a fifty day simple moving average of $15.38 and a two-hundred day simple moving average of $16.53. UMH Properties, Inc. has a 12 month low of $14.02 and a 12 month high of $20.42.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The company had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.07 million. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%. Analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Monday, November 17th. UMH Properties's dividend payout ratio (DPR) is presently 642.86%.

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.

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