Sei Investments Co. Buys 8,862 Shares of UMH Properties, Inc. (NYSE:UMH)

Sei Investments Co. raised its stake in UMH Properties, Inc. (NYSE:UMH) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 394,433 shares of the real estate investment trust’s stock after acquiring an additional 8,862 shares during the quarter. Sei Investments Co. owned approximately 0.54% of UMH Properties worth $6,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in 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 valued at $100,212,000 after purchasing an additional 629,427 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of 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 valued at $10,789,000 after buying an additional 472,307 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of UMH Properties by 59.9% during the 1st quarter. North Star Investment Management Corp. now owns 176,186 shares of the real estate investment trust’s stock worth $2,861,000 after acquiring an additional 66,000 shares during the period. D.A. Davidson & CO. grew its stake in shares of UMH Properties by 5.7% during the 2nd quarter. D.A. Davidson & CO. now owns 871,668 shares of the real estate investment trust’s stock worth $13,938,000 after acquiring an additional 47,256 shares during the period. Finally, Raymond James & Associates increased its holdings in UMH Properties by 5.2% in the 2nd quarter. Raymond James & Associates now owns 868,525 shares of the real estate investment trust’s stock worth $13,888,000 after acquiring an additional 43,154 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

UMH Properties Price Performance

UMH stock opened at $19.67 on Tuesday. The firm has a 50 day moving average of $19.17 and a 200-day moving average of $16.99. The firm has a market capitalization of $1.54 billion, a P/E ratio of -131.12, a price-to-earnings-growth ratio of 3.47 and a beta of 1.30. UMH Properties, Inc. has a 12 month low of $13.26 and a 12 month high of $20.64. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 1.49.

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 firm had revenue of $60.33 million during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.21 earnings per share. As a group, sell-side analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UMH shares. Alliance Global Partners assumed coverage on shares of UMH Properties in a research report on Thursday, July 18th. They set a “buy” rating and a $21.00 target price for the company. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. B. Riley lifted their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, Wedbush increased their target price on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

Insider Activity at UMH Properties

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.63% of the stock is owned by corporate insiders.

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.