UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $6.61 Million Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 476.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 335,874 shares of the real estate investment trust's stock after buying an additional 277,590 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.43% of UMH Properties worth $6,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its stake in UMH Properties by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust's stock valued at $614,000 after purchasing an additional 663 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position 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 buying an additional 698 shares during the last quarter. Diversified Trust Co increased its holdings in shares of UMH Properties by 7.2% during the 2nd quarter. Diversified Trust Co now owns 15,212 shares of the real estate investment trust's stock worth $243,000 after acquiring an additional 1,024 shares during the last quarter. Arizona State Retirement System raised its stake in 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 acquiring an additional 1,111 shares during the period. Finally, Cornercap Investment Counsel Inc. lifted its holdings in UMH Properties by 2.4% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 48,046 shares of the real estate investment trust's stock valued at $768,000 after purchasing an additional 1,124 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, 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 transaction of $977,500.00. Following the completion of the transaction, the chief executive officer now owns 1,104,826 shares of the company's stock, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Angela D. Pruitt sold 2,800 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the transaction, the director now directly owns 7,993 shares of the company's stock, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,845 shares of company stock worth $1,051,210. Company insiders own 8.63% of the company's stock.

UMH Properties Stock Performance

NYSE:UMH traded down $0.14 during mid-day trading on Wednesday, reaching $19.32. 345,980 shares of the company's stock were exchanged, compared to its average volume of 416,477. UMH Properties, Inc. has a one year low of $14.09 and a one year high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The business's fifty day simple moving average is $19.08 and its two-hundred day simple moving average is $18.19. The firm has a market capitalization of $1.52 billion, a PE ratio of 149.70, a price-to-earnings-growth ratio of 3.45 and a beta of 1.29.

UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). The business had revenue of $60.67 million for the quarter, compared to the consensus estimate 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 posted $0.22 earnings per share. Analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 4.45%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties's dividend payout ratio (DPR) is currently 661.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. B. Riley raised their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $21.25.

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.