Barclays PLC Has $3.16 Million Position in UMH Properties, Inc. (NYSE:UMH)

Barclays PLC boosted its position in UMH Properties, Inc. (NYSE:UMH) by 101.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,406 shares of the real estate investment trust’s stock after buying an additional 80,660 shares during the quarter. Barclays PLC owned approximately 0.20% of UMH Properties worth $3,155,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. State of Alaska Department of Revenue increased its position in shares of UMH Properties by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 663 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of UMH Properties by 36.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 698 shares during the period. Arizona State Retirement System grew its holdings in UMH Properties by 6.4% during the second quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 1,111 shares during the period. Cornercap Investment Counsel Inc. increased its holdings in shares of UMH Properties by 2.4% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 48,046 shares of the real estate investment trust’s stock worth $768,000 after acquiring an additional 1,124 shares during the last quarter. Finally, Centiva Capital LP increased its holdings in shares of UMH Properties by 4.0% in the third quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 1,195 shares during the last quarter. Institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, UMH Properties has a consensus rating of “Moderate Buy” and an average price target of $21.25.

UMH Properties Stock Down 0.8 %

UMH stock opened at $18.92 on Tuesday. The business has a 50-day simple moving average of $19.13 and a 200 day simple moving average of $18.42. The company has a market cap of $1.49 billion, a PE ratio of 145.55, a price-to-earnings-growth ratio of 3.47 and a beta of 1.29. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). The business had revenue of $60.67 million during the quarter, compared to analyst estimates of $61.57 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. During the same period last year, the business earned $0.22 earnings per share. Sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Friday, November 15th. UMH Properties’s payout ratio is 661.54%.

Insider Buying and Selling at UMH Properties

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total transaction of $977,500.00. Following the transaction, the chief executive officer now directly owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the sale, the director now owns 7,993 shares in the company, valued at $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is currently owned by 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.