58,510 UMH Properties, Inc. $UMH Shares Purchased by Private Management Group Inc.

Private Management Group Inc. raised its position in UMH Properties, Inc. (NYSE:UMH) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,029,206 shares of the real estate investment trust’s stock after buying an additional 58,510 shares during the period. Private Management Group Inc. owned 2.38% of UMH Properties worth $31,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of UMH Properties during the second quarter worth approximately $127,139,000. D.A. Davidson & CO. raised its stake in shares of UMH Properties by 28.5% in the third quarter. D.A. Davidson & CO. now owns 2,497,888 shares of the real estate investment trust’s stock valued at $38,467,000 after acquiring an additional 554,750 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of UMH Properties by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,175,769 shares of the real estate investment trust’s stock valued at $16,966,000 after acquiring an additional 42,964 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of UMH Properties in the 2nd quarter worth approximately $15,655,000. Finally, Pacific Heights Asset Management LLC acquired a new position in shares of UMH Properties in the 2nd quarter worth approximately $10,598,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on UMH. Wall Street Zen lowered UMH Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UMH Properties in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

UMH Properties Stock Performance

Shares of UMH Properties stock opened at $14.76 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 6.83 and a quick ratio of 6.90. The firm has a 50 day simple moving average of $15.43 and a 200 day simple moving average of $15.44. UMH Properties, Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $16.77. The firm has a market cap of $1.27 billion, a P/E ratio of 295.20 and a beta of 0.99.

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

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, November 16th. UMH Properties’s dividend payout ratio is 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.