D.A. Davidson & CO. Purchases 47,256 Shares of UMH Properties, Inc. (NYSE:UMH)

D.A. Davidson & CO. lifted its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 871,668 shares of the real estate investment trust's stock after acquiring an additional 47,256 shares during the period. D.A. Davidson & CO. owned about 1.24% of UMH Properties worth $13,938,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. lifted its holdings in UMH Properties by 14.4% in the second quarter. Panagora Asset Management Inc. now owns 259,114 shares of the real estate investment trust's stock worth $4,143,000 after acquiring an additional 32,627 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in UMH Properties by 12.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,119 shares of the real estate investment trust's stock valued at $306,000 after purchasing an additional 2,102 shares during the period. Ridgewood Investments LLC acquired a new position in UMH Properties during the 2nd quarter valued at approximately $71,000. Bank of New York Mellon Corp grew its stake in UMH Properties by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust's stock worth $6,218,000 after buying an additional 34,249 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its position in UMH Properties by 5.8% in the second quarter. Clear Creek Financial Management LLC now owns 40,659 shares of the real estate investment trust's stock worth $650,000 after buying an additional 2,225 shares during the period. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Stock Performance

Shares of NYSE:UMH traded up $0.26 during trading hours on Monday, hitting $19.46. 302,800 shares of the company's stock traded hands, compared to its average volume of 533,904. The company's fifty day simple moving average is $17.81 and its two-hundred day simple moving average is $16.33. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.77 and a current ratio of 6.77. UMH Properties, Inc. has a 52 week low of $13.26 and a 52 week high of $19.79.

UMH Properties (NYSE:UMH - Get Free Report) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.21). The business had revenue of $60.33 million for the quarter, compared to the consensus estimate of $59.84 million. UMH Properties had a return on equity of 3.17% and a net margin of 5.79%. During the same quarter in the previous year, the business posted $0.21 earnings per share. Research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, August 15th. UMH Properties's payout ratio is -573.30%.

Insider Transactions at UMH Properties

In other news, Director Michael P. Landy bought 4,700 shares of the firm's stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of $15.45 per share, for a total transaction of $72,615.00. Following the completion of the acquisition, the director now directly owns 341,796 shares in the company, valued at approximately $5,280,748.20. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Kiernan Conway sold 2,700 shares of UMH Properties stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total transaction of $52,758.00. Following the transaction, the director now owns 412 shares in the company, valued at $8,050.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael P. Landy purchased 4,700 shares of the company's stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average cost of $15.45 per share, for a total transaction of $72,615.00. Following the completion of the transaction, the director now directly owns 341,796 shares of the company's stock, valued at approximately $5,280,748.20. The disclosure for this purchase can be found here. 8.63% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UMH has been the subject of several analyst reports. Wedbush boosted their price target on shares of UMH Properties from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, August 13th. William Blair restated a "neutral" rating on shares of UMH Properties in a research note on Monday, May 13th. B. Riley boosted their price objective on UMH Properties from $18.50 to $22.50 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Finally, Alliance Global Partners initiated coverage on UMH Properties in a research report on Thursday, July 18th. They issued a "buy" rating and a $21.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $21.25.

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.