Stifel Financial Corp Boosts Stake in UMH Properties, Inc. (NYSE:UMH)

Stifel Financial Corp lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,789 shares of the real estate investment trust’s stock after purchasing an additional 7,546 shares during the quarter. Stifel Financial Corp’s holdings in UMH Properties were worth $3,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UMH. Maryland Capital Advisors Inc. acquired a new position in shares of UMH Properties in the 3rd quarter worth approximately $26,000. Loomis Sayles & Co. L P lifted its stake in UMH Properties by 2,760.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 2,346 shares in the last quarter. US Bancorp DE boosted its position in shares of UMH Properties by 261.1% during the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,791 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake 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 in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of UMH Properties in the 2nd quarter valued at $71,000. 75.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Stock Performance

Shares of UMH opened at $19.32 on Wednesday. UMH Properties, Inc. has a 1 year low of $14.09 and a 1 year high of $20.64. The stock has a market capitalization of $1.52 billion, a PE ratio of 148.58, a PEG ratio of 3.47 and a beta of 1.29. 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 stock has a 50-day simple moving average of $19.12 and a 200-day simple moving average of $18.34.

UMH Properties (NYSE:UMH) last announced 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 firm 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 in the prior year, the company posted $0.22 earnings per share. On average, analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were given a dividend of $0.215 per share. The ex-dividend date was Friday, November 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.45%. UMH Properties’s dividend payout ratio is currently 661.54%.

Insider Activity

In related news, Director Angela D. Pruitt sold 2,800 shares of the stock in a transaction on Tuesday, November 19th. The shares were 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 $153,945.18. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction 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 approximately $21,599,348.30. This trade represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is currently owned by insiders.

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.