Golden State Wealth Management LLC Buys 2,000 Shares of UMH Properties, Inc. (NYSE:UMH)

Golden State Wealth Management LLC increased its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 100.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,000 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the period. Golden State Wealth Management LLC’s holdings in UMH Properties were worth $75,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of UMH. Capital Research Global Investors raised its stake in UMH Properties by 124.5% in the fourth quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust’s stock valued at $76,121,000 after buying an additional 2,236,080 shares during the period. Raymond James Financial Inc. bought a new stake in UMH Properties in the fourth quarter valued at approximately $23,396,000. Vanguard Group Inc. raised its stake in UMH Properties by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock valued at $141,722,000 after buying an additional 799,798 shares during the period. APG Asset Management US Inc. bought a new stake in UMH Properties in the fourth quarter valued at approximately $9,121,000. Finally, BROOKFIELD Corp ON raised its stake in UMH Properties by 202.7% in the fourth quarter. BROOKFIELD Corp ON now owns 666,534 shares of the real estate investment trust’s stock valued at $12,584,000 after buying an additional 446,371 shares during the period. Institutional investors own 75.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on UMH. Wall Street Zen upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. B. Riley reiterated a “buy” rating on shares of UMH Properties in a research note on Tuesday, May 13th. Finally, Maxim Group lowered their target price on UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, UMH Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Insider Buying and Selling

In related news, Director William Edward Mitchell sold 39,974 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.94, for a total transaction of $677,159.56. Following the sale, the director owned 115,627 shares of the company’s stock, valued at $1,958,721.38. This represents a 25.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $16.87, for a total value of $421,750.00. Following the sale, the chief executive officer directly owned 1,140,265 shares in the company, valued at $19,236,270.55. This represents a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,826 shares of company stock worth $2,745,314 in the last three months. 8.77% of the stock is currently owned by company insiders.

UMH Properties Price Performance

Shares of NYSE UMH opened at $16.77 on Tuesday. The firm has a market cap of $1.41 billion, a P/E ratio of 139.76, a price-to-earnings-growth ratio of 2.78 and a beta of 1.12. The company has a current ratio of 6.98, a quick ratio of 6.98 and a debt-to-equity ratio of 1.02. UMH Properties, Inc. has a 1-year low of $15.74 and a 1-year high of $20.64. The business’s 50 day moving average is $17.03 and its 200-day moving average is $17.75.

UMH Properties (NYSE:UMH) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $61.23 million for the quarter, compared to analyst estimates of $62.82 million. UMH Properties had a return on equity of 5.14% and a net margin of 11.51%. Equities research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

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.