McIlrath & Eck LLC decreased its position in UMH PROPERTIES/SH SH (NYSE:UMH) by 7.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,858 shares of the real estate investment trust’s stock after selling 2,402 shares during the quarter. UMH PROPERTIES/SH SH makes up 0.2% of McIlrath & Eck LLC’s portfolio, making the stock its 24th biggest holding. McIlrath & Eck LLC’s holdings in UMH PROPERTIES/SH SH were worth $449,000 at the end of the most recent quarter.
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Other hedge funds have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its stake in shares of UMH PROPERTIES/SH SH by 215.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,949 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,331 shares during the period. Bank of Montreal Can raised its stake in shares of UMH PROPERTIES/SH SH by 148,600.0% in the second quarter. Bank of Montreal Can now owns 2,974 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,972 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of UMH PROPERTIES/SH SH in the second quarter worth about $39,000. Usca Ria LLC bought a new position in shares of UMH PROPERTIES/SH SH in the third quarter worth about $39,000. Finally, Prudential Financial Inc. raised its stake in shares of UMH PROPERTIES/SH SH by 17.5% in the second quarter. Prudential Financial Inc. now owns 13,375 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 1,990 shares during the period. 59.36% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the company. Zacks Investment Research raised UMH PROPERTIES/SH SH from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Maxim Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of UMH PROPERTIES/SH SH in a research note on Friday. TheStreet raised UMH PROPERTIES/SH SH from a “d+” rating to a “c-” rating in a research note on Thursday, October 3rd. Compass Point assumed coverage on UMH PROPERTIES/SH SH in a research note on Monday, July 22nd. They issued a “buy” rating and a $19.50 price objective on the stock. Finally, DA Davidson reaffirmed a “buy” rating on shares of UMH PROPERTIES/SH SH in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.00.
UMH traded up $0.37 on Friday, hitting $15.07. 279,605 shares of the company’s stock traded hands, compared to its average volume of 159,687. The company’s 50 day simple moving average is $14.46 and its 200-day simple moving average is $13.42. The firm has a market cap of $594.32 million, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.20 and a beta of 0.61. UMH PROPERTIES/SH SH has a one year low of $11.14 and a one year high of $15.63. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 2.59.
UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The firm had revenue of $37.33 million for the quarter, compared to analysts’ expectations of $38.82 million. UMH PROPERTIES/SH SH had a negative net margin of 23.38% and a negative return on equity of 22.16%. As a group, equities analysts anticipate that UMH PROPERTIES/SH SH will post 0.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.78%. The ex-dividend date is Thursday, November 14th. UMH PROPERTIES/SH SH’s dividend payout ratio is presently 97.30%.
In other news, insider Umh Properties, Inc. purchased 17,810 shares of the business’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $13.70 per share, for a total transaction of $243,997.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Eugene W. Landy sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $11.86, for a total value of $94,880.00. Following the transaction, the chairman now owns 603,555 shares of the company’s stock, valued at approximately $7,158,162.30. The disclosure for this sale can be found here. Insiders have acquired a total of 22,072 shares of company stock valued at $295,495 in the last 90 days. 10.84% of the stock is currently owned by company insiders.
About UMH PROPERTIES/SH SH
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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