Raymond James & Associates Increases Stock Position in UMH Properties, Inc. (NYSE:UMH)

Raymond James & Associates raised its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 868,525 shares of the real estate investment trust's stock after purchasing an additional 43,154 shares during the quarter. Raymond James & Associates owned 1.23% of UMH Properties worth $13,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in UMH Properties by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust's stock valued at $100,212,000 after purchasing an additional 629,427 shares during the period. Kennedy Capital Management LLC grew its position in shares of UMH Properties by 245.9% in the 1st quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust's stock valued at $10,789,000 after buying an additional 472,307 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of UMH Properties in the fourth quarter valued at about $1,819,000. North Star Investment Management Corp. raised its position in shares of UMH Properties by 59.9% during the first quarter. North Star Investment Management Corp. now owns 176,186 shares of the real estate investment trust's stock worth $2,861,000 after acquiring an additional 66,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of UMH Properties by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 800,569 shares of the real estate investment trust's stock worth $12,265,000 after acquiring an additional 57,721 shares during the period. Institutional investors own 75.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. William Blair reissued a "neutral" rating on shares of UMH Properties in a research report on Monday, May 13th. Wedbush upped their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, August 8th. Alliance Global Partners started coverage on shares of UMH Properties in a research note on Thursday, July 18th. They set a "buy" rating and a $21.00 target price for the company. B. Riley boosted their target price on shares of UMH Properties from $18.50 to $22.50 and gave the company a "buy" rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded UMH Properties from a "sell" rating to a "hold" rating in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.25.

UMH Properties Stock Up 0.8 %

NYSE:UMH traded up $0.16 during trading hours on Friday, reaching $19.58. The company had a trading volume of 338,499 shares, compared to its average volume of 398,707. UMH Properties, Inc. has a twelve month low of $13.26 and a twelve month high of $19.79. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -130.53, a P/E/G ratio of 3.53 and a beta of 1.29. The business's 50-day simple moving average is $17.42 and its two-hundred day simple moving average is $16.14.

UMH Properties (NYSE:UMH - Get Free Report) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.21). UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. The firm had revenue of $60.33 million during the quarter, compared to analyst estimates of $59.84 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, equities analysts expect that UMH Properties, Inc. will post 0.92 earnings per share for the current year.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, August 15th. UMH Properties's payout ratio is -573.33%.

Insider Buying and Selling

In related news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $15.01, for a total value of $375,250.00. Following the completion of the sale, the chief executive officer now owns 1,149,565 shares of the company's stock, valued at approximately $17,254,970.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Samuel A. Landy sold 25,000 shares of the company's stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $15.01, for a total value of $375,250.00. Following the sale, the chief executive officer now owns 1,149,565 shares in the company, valued at approximately $17,254,970.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael P. Landy purchased 4,700 shares of the company's stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average cost of $15.45 per share, for a total transaction of $72,615.00. Following the transaction, the director now owns 341,796 shares in the company, valued at approximately $5,280,748.20. The disclosure for this purchase can be found here. 8.63% of the stock is owned by company insiders.

UMH Properties 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.