Maryland Capital Advisors Inc. Invests $26,000 in UMH Properties, Inc. (NYSE:UMH)

Maryland Capital Advisors Inc. purchased a new stake in UMH Properties, Inc. (NYSE:UMH) 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

UMH has been the topic of a number of research reports. Wedbush raised their price objective on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Alliance Global Partners began coverage on shares of UMH Properties in a research note on Thursday, July 18th. They issued a “buy” rating and a $21.00 target price on the stock. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, B. Riley boosted their price objective on UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, UMH Properties has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

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) 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.