161,203 Shares in UMH Properties, Inc. (UMH) Acquired by EAM Investors LLC
EAM Investors LLC acquired a new stake in UMH Properties, Inc. (NYSE:UMH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 161,203 shares of the real estate investment trust’s stock, valued at approximately $2,749,000. EAM Investors LLC owned approximately 0.52% of UMH Properties at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of UMH Properties by 202.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,347,292 shares of the real estate investment trust’s stock valued at $57,071,000 after purchasing an additional 2,242,115 shares in the last quarter. Boulegeris Investments Inc. lifted its stake in shares of UMH Properties by 1.7% in the 2nd quarter. Boulegeris Investments Inc. now owns 1,763,283 shares of the real estate investment trust’s stock valued at $30,064,000 after purchasing an additional 28,896 shares in the last quarter. Robotti Robert lifted its stake in shares of UMH Properties by 1.2% in the 2nd quarter. Robotti Robert now owns 515,814 shares of the real estate investment trust’s stock valued at $8,541,000 after purchasing an additional 6,175 shares in the last quarter. Northern Trust Corp lifted its stake in shares of UMH Properties by 24.2% in the 2nd quarter. Northern Trust Corp now owns 388,174 shares of the real estate investment trust’s stock valued at $6,618,000 after purchasing an additional 75,670 shares in the last quarter. Finally, AJO LP lifted its stake in shares of UMH Properties by 2,614.7% in the 2nd quarter. AJO LP now owns 369,151 shares of the real estate investment trust’s stock valued at $6,294,000 after purchasing an additional 355,553 shares in the last quarter. 53.99% of the stock is currently owned by institutional investors and hedge funds.
UMH Properties, Inc. (NYSE UMH) opened at 15.18 on Tuesday. The stock has a 50 day moving average price of $15.79 and a 200 day moving average price of $16.04. The firm’s market capitalization is $514.53 million. UMH Properties, Inc. has a 1-year low of $11.28 and a 1-year high of $17.90.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 4.80%. UMH Properties’s dividend payout ratio (DPR) is currently -799.91%.
In other news, Director James E. Mitchell bought 3,000 shares of the stock in a transaction on Friday, July 21st. The shares were purchased at an average price of $25.00 per share, for a total transaction of $75,000.00. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $75,000. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders acquired 3,764 shares of company stock worth $86,998 in the last 90 days. Corporate insiders own 11.61% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered UMH Properties from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub raised UMH Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine lowered UMH Properties from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Janney Montgomery Scott assumed coverage on UMH Properties in a research note on Friday, September 8th. They issued a “buy” rating on the stock. Finally, DA Davidson assumed coverage on UMH Properties in a research note on Friday, September 1st. They issued a “buy” rating and a $18.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. UMH Properties currently has an average rating of “Buy” and a consensus price target of $18.70.
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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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