Maryland Capital Advisors Inc. purchased a new stake in UMH Properties, Inc. (NYSE:UMH – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,320 shares of the real estate investment trust’s stock, valued at approximately $26,000.
A number of other institutional investors have also recently added to or reduced their stakes in UMH. Vanguard Group Inc. lifted its holdings in UMH Properties by 10.6% during the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock valued at $100,212,000 after purchasing an additional 629,427 shares in the last quarter. American Century Companies Inc. lifted its stake in UMH Properties by 1.0% in the 2nd quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock valued at $46,869,000 after buying an additional 29,320 shares in the last quarter. Copeland Capital Management LLC lifted its stake in UMH Properties by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust’s stock valued at $54,311,000 after buying an additional 8,946 shares in the last quarter. Jennison Associates LLC boosted its holdings in UMH Properties by 0.4% in the 1st quarter. Jennison Associates LLC now owns 1,305,618 shares of the real estate investment trust’s stock worth $21,203,000 after buying an additional 5,015 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in UMH Properties by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock worth $15,456,000 after buying an additional 22,844 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.
Insider Buying and Selling at UMH Properties
In other news, Director Kiernan Conway sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total value of $52,758.00. Following the transaction, the director now directly owns 412 shares in the company, valued at approximately $8,050.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.63% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on UMH
UMH Properties Stock Up 1.2 %
UMH stock opened at $18.82 on Wednesday. The firm has a market cap of $1.48 billion, a PE ratio of -267.10, a PEG ratio of 3.41 and a beta of 1.30. UMH Properties, Inc. has a one year low of $13.48 and a one year high of $20.64. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.77 and a current ratio of 6.77. The firm’s 50 day moving average price is $19.37 and its 200-day moving average price is $17.31.
UMH Properties (NYSE:UMH – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.21). The business had revenue of $60.33 million during the quarter, compared to analyst estimates of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same period last year, the company earned $0.21 EPS. On average, equities research analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.
UMH Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.57%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is presently -1,228.40%.
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.
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