UMH Properties, Inc. (UMH) Position Held by Loeb Partners Corp
Loeb Partners Corp continued to hold its stake in shares of UMH Properties, Inc. (NYSE:UMH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,708 shares of the real estate investment trust’s stock at the end of the second quarter. Loeb Partners Corp owned approximately 0.14% of UMH Properties worth $729,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Aperio Group LLC raised its stake in shares of UMH Properties by 6.0% in the second quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 617 shares during the period. Creative Planning boosted its stake in UMH Properties by 227.1% in the second quarter. Creative Planning now owns 6,049 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 4,200 shares in the last quarter. Bank of Montreal Can boosted its stake in UMH Properties by 787.4% in the second quarter. Bank of Montreal Can now owns 10,392 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 9,221 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in UMH Properties during the second quarter valued at approximately $904,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of UMH Properties, Inc. (NYSE UMH) traded down 0.20% on Friday, reaching $15.33. 178,427 shares of the company were exchanged. UMH Properties, Inc. has a 52 week low of $11.28 and a 52 week high of $17.90. The company’s 50-day moving average is $16.60 and its 200-day moving average is $15.84. The company’s market capitalization is $519.61 million.
UMH Properties (NYSE:UMH) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. UMH Properties had a return on equity of 0.76% and a net margin of 1.02%. The business had revenue of $26.45 million during the quarter. On average, equities analysts expect that UMH Properties, Inc. will post ($0.12) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Friday, August 11th. UMH Properties’s dividend payout ratio (DPR) is presently -799.91%.
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UMH has been the subject of several research analyst reports. BidaskClub cut shares of UMH Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. FBR & Co reaffirmed an “outperform” rating and issued a $18.50 target price on shares of UMH Properties in a research report on Tuesday, July 11th. Wunderlich raised their target price on shares of UMH Properties from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. Sidoti raised their target price on shares of UMH Properties from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Finally, ValuEngine cut shares of UMH Properties from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.17.
In other UMH Properties news, Director James E. Mitchell acquired 3,000 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average cost of $25.00 per share, with a total value of $75,000.00. Following the completion of the purchase, the director now directly owns 3,000 shares in the company, valued at $75,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders purchased 4,326 shares of company stock valued at $96,012. 11.61% of the stock is owned by insiders.
UMH Properties Company Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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