D.A. Davidson & CO. Increases Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

D.A. Davidson & CO. increased its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 0.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 872,734 shares of the real estate investment trust’s stock after purchasing an additional 1,066 shares during the period. D.A. Davidson & CO.’s holdings in UMH Properties were worth $17,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P grew its stake in UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 2,346 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in UMH Properties by 10.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,773 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 2,207 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in UMH Properties during the 3rd quarter valued at about $3,513,000. Charles Schwab Investment Management Inc. grew its stake in UMH Properties by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock valued at $18,505,000 after purchasing an additional 56,662 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in UMH Properties during the 3rd quarter valued at about $320,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Angela D. Pruitt sold 2,800 shares of the stock in a transaction that occurred 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. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. 8.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on UMH. Wedbush boosted their price target on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. B. Riley boosted their price target on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Stock Performance

Shares of UMH stock opened at $19.41 on Wednesday. The stock has a market cap of $1.53 billion, a PE ratio of 149.28, a price-to-earnings-growth ratio of 3.47 and a beta of 1.30. The business has a 50-day simple moving average of $19.15 and a 200-day simple moving average of $17.90. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 52-week low of $13.91 and a 52-week high of $20.64.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). The company had revenue of $60.67 million during the quarter, compared to analyst estimates 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 firm earned $0.22 EPS. On average, equities analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a yield of 4.43%. UMH Properties’s payout ratio is 661.59%.

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.