Citadel Advisors LLC Buys New Stake in UMH Properties, Inc. (UMH)
Citadel Advisors LLC bought a new stake in shares of UMH Properties, Inc. (NYSE:UMH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 111,675 shares of the real estate investment trust’s stock, valued at approximately $1,737,000. Citadel Advisors LLC owned 0.32% of UMH Properties as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in UMH. Creative Planning lifted its position in shares of UMH Properties by 227.1% during the 2nd quarter. Creative Planning now owns 6,049 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 4,200 shares during the period. Bank of Montreal Can lifted its position in shares of UMH Properties by 787.4% during the 2nd quarter. Bank of Montreal Can now owns 10,392 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 9,221 shares during the period. Aperio Group LLC lifted its position in shares of UMH Properties by 6.0% during the 2nd quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 617 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of UMH Properties during the 2nd quarter valued at $211,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of UMH Properties during the 2nd quarter valued at $214,000. Institutional investors own 54.93% of the company’s stock.
Shares of UMH Properties, Inc. (NYSE UMH) traded down $0.13 during mid-day trading on Wednesday, reaching $15.10. 126,700 shares of the company’s stock were exchanged, compared to its average volume of 156,026. The company has a market cap of $531.93, a price-to-earnings ratio of 22.07, a PEG ratio of 2.09 and a beta of 0.60. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 1.98. UMH Properties, Inc. has a fifty-two week low of $12.99 and a fifty-two week high of $17.90.
UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.34). UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The business had revenue of $28.69 million for the quarter, compared to the consensus estimate of $28.79 million. During the same quarter last year, the firm posted ($0.02) EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. research analysts anticipate that UMH Properties, Inc. will post 0.73 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 4.77%. UMH Properties’s payout ratio is -327.26%.
UMH has been the subject of a number of recent research reports. B. Riley restated a “buy” rating and set a $17.50 price target on shares of UMH Properties in a research note on Tuesday, November 21st. Zacks Investment Research upgraded shares of UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, September 14th. Janney Montgomery Scott initiated coverage on shares of UMH Properties in a research note on Friday, September 8th. They set a “buy” rating for the company. DA Davidson initiated coverage on shares of UMH Properties in a research note on Friday, September 1st. They set a “buy” rating and a $18.00 price target for the company. Finally, BidaskClub upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. UMH Properties has a consensus rating of “Buy” and a consensus price target of $18.50.
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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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