UMH Properties, Inc. $UMH Shares Bought by Private Management Group Inc.

Private Management Group Inc. lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,029,206 shares of the real estate investment trust’s stock after buying an additional 58,510 shares during the quarter. Private Management Group Inc.’s holdings in UMH Properties were worth $31,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in UMH Properties in the third quarter valued at approximately $157,000. Inscription Capital LLC grew its holdings in UMH Properties by 56.6% during the 3rd quarter. Inscription Capital LLC now owns 16,693 shares of the real estate investment trust’s stock worth $257,000 after acquiring an additional 6,032 shares during the period. State of Wyoming grew its holdings in UMH Properties by 287.2% during the 3rd quarter. State of Wyoming now owns 18,519 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 13,736 shares during the period. D.A. Davidson & CO. grew its holdings in UMH Properties by 28.5% during the 3rd quarter. D.A. Davidson & CO. now owns 2,497,888 shares of the real estate investment trust’s stock worth $38,467,000 after acquiring an additional 554,750 shares during the period. Finally, North Star Investment Management Corp. raised its position in shares of UMH Properties by 22.3% during the 3rd quarter. North Star Investment Management Corp. now owns 205,409 shares of the real estate investment trust’s stock valued at $3,163,000 after acquiring an additional 37,389 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on UMH shares. Wall Street Zen cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

UMH Properties Stock Performance

Shares of UMH stock opened at $14.76 on Tuesday. UMH Properties, Inc. has a one year low of $13.93 and a one year high of $16.77. The stock has a market cap of $1.27 billion, a P/E ratio of 295.20 and a beta of 0.99. The company has a fifty day moving average price of $15.43 and a two-hundred day moving average price of $15.44. The company has a debt-to-equity ratio of 1.43, a current ratio of 6.83 and a quick ratio of 6.90.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). UMH Properties had a return on equity of 4.47% and a net margin of 9.04%. The business had revenue of $74.14 million for the quarter, compared to analyst estimates of $62.23 million. As a group, equities analysts predict that UMH Properties, Inc. will post 0.99 EPS for the current year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be issued a $0.2250 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Monday, November 16th. UMH Properties’s payout ratio is currently 1,800.00%.

UMH Properties Profile

UMH Properties, Inc is a real estate investment trust (REIT) that owns and operates manufactured home communities. Its primary business is providing developed homesites for residents who own or rent manufactured homes.

The company also offers manufactured homes for rent and sale, giving residents options for living in its communities. UMH serves markets across the Northeast, Midwest and Southeast United States.

Founded in 1968, UMH is headquartered in Freehold, New Jersey. Samuel A.