Quantbot Technologies LP Buys 37,558 Shares of UMH Properties, Inc. (NYSE:UMH)

Quantbot Technologies LP increased its holdings in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 297.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,183 shares of the real estate investment trust's stock after purchasing an additional 37,558 shares during the period. Quantbot Technologies LP owned approximately 0.06% of UMH Properties worth $987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of UMH Properties by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,577 shares of the real estate investment trust's stock valued at $530,000 after purchasing an additional 2,158 shares in the last quarter. Diversified Trust Co grew its holdings in shares of UMH Properties by 7.2% in the 2nd quarter. Diversified Trust Co now owns 15,212 shares of the real estate investment trust's stock valued at $243,000 after acquiring an additional 1,024 shares in the last quarter. Hunter Perkins Capital Management LLC raised its stake in UMH Properties by 43.9% in the second quarter. Hunter Perkins Capital Management LLC now owns 84,295 shares of the real estate investment trust's stock valued at $1,348,000 after buying an additional 25,720 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in UMH Properties by 4.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,033 shares of the real estate investment trust's stock valued at $1,168,000 after purchasing an additional 3,081 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of UMH Properties by 5.2% in the second quarter. Raymond James & Associates now owns 868,525 shares of the real estate investment trust's stock valued at $13,888,000 after purchasing an additional 43,154 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. This represents a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the transaction, the director now owns 7,993 shares in the company, valued at approximately $153,945.18. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. 8.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UMH has been the topic of a number of research reports. StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. 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 research report on Thursday, August 15th. Finally, Wedbush lifted their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.25.

UMH Properties Price Performance

UMH traded down $0.25 on Monday, hitting $18.95. 169,823 shares of the stock were exchanged, compared to its average volume of 405,363. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 146.09, a PEG ratio of 3.44 and a beta of 1.30. 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, Inc. has a 12 month low of $14.09 and a 12 month high of $20.64. The business has a 50-day moving average of $19.10 and a two-hundred day moving average of $18.00.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data 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 business had revenue of $60.67 million during the quarter, compared to analyst estimates of $61.57 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. During the same period last year, the business earned $0.22 earnings per share. Sell-side analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, November 15th. UMH Properties's dividend payout ratio (DPR) is presently 661.59%.

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.