UMH Properties, Inc. (NYSE:UMH) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in UMH Properties, Inc. (NYSE:UMH - Free Report) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 940,792 shares of the real estate investment trust's stock after buying an additional 56,662 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.19% of UMH Properties worth $18,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of UMH. Maryland Capital Advisors Inc. purchased a new stake in UMH Properties during the 3rd quarter worth approximately $26,000. US Bancorp DE increased its position in shares of UMH Properties by 261.1% during the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 1,791 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of UMH Properties by 36.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 698 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of UMH Properties in the second quarter valued at $71,000. Finally, Quest Partners LLC boosted its holdings in UMH Properties by 337.7% in the second quarter. Quest Partners LLC now owns 10,552 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 8,141 shares during the period. 75.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Samuel A. Landy sold 50,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the transaction, the chief executive officer now owns 1,104,826 shares in the company, valued at $21,599,348.30. The trade was a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Angela D. Pruitt sold 2,800 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the sale, the director now directly owns 7,993 shares of the company's stock, valued at $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,845 shares of company stock valued at $1,051,210. 8.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UMH. B. Riley increased their price target on UMH Properties from $18.50 to $22.50 and gave the company a "buy" rating in a research report on Thursday, August 15th. StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.25.

UMH Properties Stock Down 3.0 %

UMH traded down $0.59 on Friday, reaching $19.26. The company's stock had a trading volume of 598,816 shares, compared to its average volume of 447,366. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a fifty-two week low of $14.09 and a fifty-two week high of $20.64. The stock has a 50 day moving average of $19.08 and a two-hundred day moving average of $18.10. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 148.15, a P/E/G ratio of 3.52 and a beta of 1.29.

UMH Properties (NYSE:UMH - Get Free Report) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The company had revenue of $60.67 million during the quarter, compared to analyst estimates of $61.57 million. During the same quarter in the previous year, the company posted $0.22 EPS. As a group, analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Friday, November 15th. UMH Properties's dividend payout ratio is currently 661.54%.

UMH Properties Company 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.