D.A. Davidson & CO. Increases Stock Position in UMH Properties, Inc. $UMH

D.A. Davidson & CO. boosted its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,083,734 shares of the real estate investment trust’s stock after buying an additional 98,622 shares during the quarter. D.A. Davidson & CO. owned 1.29% of UMH Properties worth $18,196,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV purchased a new position in UMH Properties during the first quarter worth about $32,000. Allianz Asset Management GmbH purchased a new position in shares of UMH Properties in the first quarter valued at approximately $788,000. Principal Financial Group Inc. boosted its stake in shares of UMH Properties by 3.6% in the first quarter. Principal Financial Group Inc. now owns 38,816 shares of the real estate investment trust’s stock valued at $726,000 after purchasing an additional 1,362 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of UMH Properties by 1.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,324,531 shares of the real estate investment trust’s stock valued at $99,569,000 after purchasing an additional 73,196 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of UMH Properties by 1,091.0% in the first quarter. Alliancebernstein L.P. now owns 896,183 shares of the real estate investment trust’s stock valued at $16,759,000 after purchasing an additional 820,934 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Up 0.6%

UMH stock opened at $14.75 on Thursday. The company has a current ratio of 8.56, a quick ratio of 8.56 and a debt-to-equity ratio of 1.08. UMH Properties, Inc. has a twelve month low of $13.95 and a twelve month high of $20.42. The company’s 50 day moving average is $15.01 and its two-hundred day moving average is $16.27. The stock has a market cap of $1.25 billion, a P/E ratio of 105.32, a PEG ratio of 2.56 and a beta of 1.05.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). UMH Properties had a return on equity of 5.19% and a net margin of 12.18%.The company had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.07 million. Research analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.90 dividend on an annualized basis and a yield of 6.1%. UMH Properties’s dividend payout ratio (DPR) is presently 642.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wedbush raised shares of UMH Properties to a “hold” rating in a research note on Wednesday, July 2nd. Cantor Fitzgerald assumed coverage on shares of UMH Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $15.00 price objective for the company. Wall Street Zen lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.50.

Insider Activity at UMH Properties

In related news, Director Michael P. Landy acquired 10,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were 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 owned 362,052 shares in the company, valued at $5,235,271.92. This trade represents a 2.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Samuel A. Landy sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $14.19, for a total transaction of $283,800.00. Following the sale, the chief executive officer directly owned 1,054,568 shares in the company, valued at approximately $14,964,319.92. The trade was a 1.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 10,743 shares of company stock worth $155,097 and sold 175,249 shares worth $2,775,528. 8.77% of the stock is owned by corporate insiders.

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.