SG Capital Management LLC acquired a new position in UMH PROPERTIES/SH SH (NYSE:UMH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 66,041 shares of the real estate investment trust’s stock, valued at approximately $1,033,000. SG Capital Management LLC owned 0.18% of UMH PROPERTIES/SH SH at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of UMH. Nisa Investment Advisors LLC purchased a new stake in UMH PROPERTIES/SH SH in the second quarter worth about $139,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of UMH PROPERTIES/SH SH during the first quarter valued at approximately $160,000. State of Alaska Department of Revenue purchased a new position in shares of UMH PROPERTIES/SH SH during the third quarter valued at approximately $166,000. A.R.T. Advisors LLC purchased a new position in shares of UMH PROPERTIES/SH SH during the first quarter valued at approximately $199,000. Finally, SG Americas Securities LLC purchased a new position in shares of UMH PROPERTIES/SH SH during the second quarter valued at approximately $228,000. Institutional investors and hedge funds own 53.58% of the company’s stock.
NYSE:UMH traded down $0.16 during trading hours on Friday, reaching $13.25. The company had a trading volume of 173,846 shares, compared to its average volume of 184,415. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 2.44. UMH PROPERTIES/SH SH has a 52 week low of $11.38 and a 52 week high of $16.69. The company has a market cap of $507.73 million, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.90 and a beta of 0.48.
UMH PROPERTIES/SH SH (NYSE:UMH) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.28). UMH PROPERTIES/SH SH had a negative return on equity of 14.43% and a negative net margin of 19.73%. The company had revenue of $33.45 million during the quarter, compared to the consensus estimate of $32.20 million. Research analysts forecast that UMH PROPERTIES/SH SH will post 0.71 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Wednesday, November 14th. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is presently 101.41%.
In other news, General Counsel Craig Koster sold 3,500 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $16.31, for a total transaction of $57,085.00. Following the completion of the sale, the general counsel now owns 6,895 shares of the company’s stock, valued at approximately $112,457.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Umh Properties, Inc. acquired 9,396 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were acquired at an average cost of $16.39 per share, with a total value of $154,000.44. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 9,532 shares of company stock valued at $156,004. 10.89% of the stock is currently owned by insiders.
UMH has been the subject of several recent research reports. Zacks Investment Research upgraded shares of UMH PROPERTIES/SH SH from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Boenning Scattergood initiated coverage on shares of UMH PROPERTIES/SH SH in a report on Monday, September 17th. They set an “outperform” rating and a $19.50 target price for the company. ValuEngine upgraded shares of UMH PROPERTIES/SH SH from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Finally, B. Riley decreased their price objective on shares of UMH PROPERTIES/SH SH from $17.00 to $16.00 and set a “buy” rating for the company in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $17.33.
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UMH PROPERTIES/SH SH Company Profile
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 114 manufactured home communities containing approximately 20,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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