Private Advisor Group LLC Has $530,000 Position in UMH Properties, Inc. (UMH)
Private Advisor Group LLC continued to hold its position in shares of UMH Properties, Inc. (NYSE:UMH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,578 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Private Advisor Group LLC owned 0.10% of UMH Properties worth $530,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of UMH. Creative Planning raised its holdings in UMH Properties by 227.1% in the second quarter. Creative Planning now owns 6,049 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 4,200 shares during the period. Bank of Montreal Can raised its holdings in UMH Properties by 787.4% in the second quarter. Bank of Montreal Can now owns 10,392 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 9,221 shares during the period. Aperio Group LLC raised its holdings in UMH Properties by 6.0% in the second quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 617 shares during the period. Virginia Retirement Systems ET AL acquired a new stake in UMH Properties in the second quarter worth $211,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in UMH Properties by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,048 shares of the real estate investment trust’s stock worth $461,000 after purchasing an additional 92 shares during the period. Institutional investors own 53.99% of the company’s stock.
In other news, Director James E. Mitchell acquired 3,000 shares of UMH Properties stock in a transaction dated Friday, July 21st. The shares were bought at an average cost of $25.00 per share, with a total value of $75,000.00. Following the purchase, the director now owns 3,000 shares in the company, valued at approximately $75,000. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders bought 3,698 shares of company stock worth $85,999. Insiders own 11.61% of the company’s stock.
Several equities research analysts have weighed in on UMH shares. FBR & Co reiterated an “outperform” rating and issued a $18.50 target price on shares of UMH Properties in a report on Tuesday, July 11th. BidaskClub lowered shares of UMH Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Sidoti increased their target price on shares of UMH Properties from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Zacks Investment Research upgraded shares of UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday. Finally, DA Davidson started coverage on shares of UMH Properties in a report on Friday, September 1st. They issued a “buy” rating and a $18.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. UMH Properties has an average rating of “Buy” and an average price target of $18.70.
Shares of UMH Properties, Inc. (UMH) opened at 15.82 on Friday. The firm’s market capitalization is $536.22 million. The company’s 50 day moving average is $15.85 and its 200-day moving average is $16.01. UMH Properties, Inc. has a one year low of $11.28 and a one year high of $17.90.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Friday, August 11th. UMH Properties’s dividend payout ratio is currently -799.91%.
UMH Properties Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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