Jane Street Group LLC Trims Position in UMH Properties, Inc. (NYSE:UMH)

Jane Street Group LLC decreased its holdings in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 67.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,091 shares of the real estate investment trust's stock after selling 75,755 shares during the quarter. Jane Street Group LLC's holdings in UMH Properties were worth $730,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in UMH Properties by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust's stock valued at $6,218,000 after purchasing an additional 34,249 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of UMH Properties by 12.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,119 shares of the real estate investment trust's stock worth $306,000 after buying an additional 2,102 shares during the period. Rhumbline Advisers grew its stake in shares of UMH Properties by 12.4% in the second quarter. Rhumbline Advisers now owns 112,860 shares of the real estate investment trust's stock valued at $1,805,000 after buying an additional 12,470 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of UMH Properties by 6.4% in the 2nd quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust's stock valued at $295,000 after buying an additional 1,111 shares during the period. Finally, Custom Index Systems LLC acquired a new position in UMH Properties during the 2nd quarter worth about $230,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, UMH Properties has an average rating of "Moderate Buy" and a consensus price target of $21.25.

UMH Properties Stock Performance

Shares of NYSE:UMH traded up $0.10 on Friday, reaching $19.00. The company's stock had a trading volume of 323,139 shares, compared to its average volume of 317,120. UMH Properties, Inc. has a 52-week low of $14.09 and a 52-week high of $20.64. The stock has a market capitalization of $1.50 billion, a P/E ratio of 146.17, a PEG ratio of 3.47 and a beta of 1.29. The stock's 50-day moving average is $19.12 and its two-hundred day moving average is $18.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48.

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

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.