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

Los Angeles Capital Management LLC bought a new position in UMH Properties, Inc. (NYSE:UMH) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 24,175 shares of the real estate investment trust’s stock, valued at approximately $476,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kennedy Capital Management LLC lifted its position in shares of UMH Properties by 245.9% during the 1st 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 in the last quarter. Marshall Wace LLP purchased a new stake in shares of UMH Properties in the second quarter worth $2,300,000. AQR Capital Management LLC raised its position in shares of UMH Properties by 268.8% during 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 purchasing an additional 92,625 shares during the period. D.A. Davidson & CO. lifted its stake in shares of UMH Properties by 5.7% during the 2nd quarter. D.A. Davidson & CO. now owns 871,668 shares of the real estate investment trust’s stock valued at $13,938,000 after buying an additional 47,256 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in UMH Properties by 5.2% in the 2nd quarter. Raymond James & Associates now owns 868,525 shares of the real estate investment trust’s stock worth $13,888,000 after buying an additional 43,154 shares during the period. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at UMH Properties

In other news, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 of the company’s stock, valued at $21,599,348.30. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.63% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on UMH. Wedbush boosted their price objective on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday. Finally, B. Riley increased their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Price Performance

Shares of UMH Properties stock opened at $19.16 on Friday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 12 month low of $13.91 and a 12 month high of $20.64. The stock has a 50 day moving average of $19.23 and a 200 day moving average of $17.74. The firm has a market cap of $1.51 billion, a PE ratio of 147.38, a PEG ratio of 3.54 and a beta of 1.30.

UMH Properties (NYSE:UMH) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share 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 analysts’ expectations 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 posted $0.22 earnings per share. On average, research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

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

About UMH Properties

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.