Orleans Capital Management Corp LA Sells 1,000 Shares of UMH Properties, Inc. (NYSE:UMH)

Orleans Capital Management Corp LA cut its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Orleans Capital Management Corp LA’s holdings in UMH Properties were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UMH. Vanguard Group Inc. raised its stake in shares of UMH Properties by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after acquiring an additional 629,427 shares during the last quarter. Bank of New York Mellon Corp raised its position in UMH Properties by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock worth $6,218,000 after purchasing an additional 34,249 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in UMH Properties by 245.9% during the 1st quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock worth $10,789,000 after buying an additional 472,307 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in UMH Properties by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock worth $6,745,000 after buying an additional 41,774 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its position in UMH Properties by 843.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,806 shares during the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total transaction of $52,758.00. Following the completion of the transaction, the director now owns 412 shares of the company’s stock, valued at approximately $8,050.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. B. Riley lifted their price target on shares of UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Wedbush increased 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. Alliance Global Partners started coverage on UMH Properties in a research report on Thursday, July 18th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Trading Up 1.9 %

NYSE:UMH opened at $19.67 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.77 and a quick ratio of 6.77. The business’s 50-day simple moving average is $19.17 and its 200-day simple moving average is $16.99. UMH Properties, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $20.64. The stock has a market capitalization of $1.54 billion, a PE ratio of -131.12, a price-to-earnings-growth ratio of 3.47 and a beta of 1.30.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. The company had revenue of $60.33 million during the quarter, compared to the consensus estimate of $59.84 million. During the same period in the previous year, the firm posted $0.21 EPS. Sell-side analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Company 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.