Los Angeles Capital Management LLC Invests $476,000 in UMH Properties, Inc. (NYSE:UMH)

Los Angeles Capital Management LLC purchased a new stake in shares of UMH Properties, Inc. (NYSE:UMH) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 24,175 shares of the real estate investment trust’s stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UMH. Kennedy Capital Management LLC boosted its position in shares of UMH Properties by 245.9% during the first 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 period. Marshall Wace LLP purchased a new position in UMH Properties during the 2nd quarter valued at $2,300,000. AQR Capital Management LLC grew its position in UMH Properties by 268.8% in the 2nd quarter. AQR Capital Management LLC now owns 127,087 shares of the real estate investment trust’s stock valued at $2,032,000 after acquiring an additional 92,625 shares during the last quarter. D.A. Davidson & CO. increased its stake in UMH Properties by 5.7% in the second quarter. D.A. Davidson & CO. now owns 871,668 shares of the real estate investment trust’s stock worth $13,938,000 after purchasing an additional 47,256 shares during the period. Finally, Raymond James & Associates lifted its position in shares of UMH Properties by 5.2% during the second quarter. Raymond James & Associates now owns 868,525 shares of the real estate investment trust’s stock worth $13,888,000 after purchasing an additional 43,154 shares during the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMH Properties

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of the firm’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 sale, the chief executive officer now directly owns 1,104,826 shares in the company, valued at $21,599,348.30. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.63% of the stock is owned by insiders.

UMH Properties Trading Down 0.8 %

NYSE UMH opened at $19.16 on Friday. The company’s 50-day simple moving average is $19.23 and its two-hundred day simple moving average is $17.74. UMH Properties, Inc. has a one year low of $13.91 and a one year high of $20.64. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 147.38, a price-to-earnings-growth ratio of 3.54 and a beta of 1.30. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The business had revenue of $60.67 million during 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 last year, the firm earned $0.22 EPS. Equities analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Friday, November 15th. UMH Properties’s payout ratio is currently 661.54%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday. B. Riley raised their target price 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. Finally, Wedbush boosted their price target on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.