Bailard Inc. Raises Stake in UMH Properties, Inc. $UMH

Bailard Inc. boosted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 162.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,700 shares of the real estate investment trust’s stock after buying an additional 27,700 shares during the quarter. Bailard Inc. owned 0.05% of UMH Properties worth $751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aberdeen Group plc raised its holdings in shares of UMH Properties by 3.6% during the first quarter. Aberdeen Group plc now owns 19,132 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 668 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in UMH Properties by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 671 shares during the last quarter. Deutsche Bank AG grew its position in UMH Properties by 0.8% during the 1st quarter. Deutsche Bank AG now owns 82,605 shares of the real estate investment trust’s stock worth $1,545,000 after purchasing an additional 682 shares during the period. Keybank National Association OH raised its stake in shares of UMH Properties by 3.1% during the 2nd quarter. Keybank National Association OH now owns 24,981 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 762 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of UMH Properties by 4.7% during the 1st quarter. Inspire Investing LLC now owns 22,379 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 1,007 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Stock Performance

UMH opened at $15.12 on Friday. The firm’s fifty day simple moving average is $14.73 and its two-hundred day simple moving average is $15.99. UMH Properties, Inc. has a 52-week low of $13.95 and a 52-week high of $20.03. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 108.03, a PEG ratio of 2.49 and a beta of 1.06. The company has a quick ratio of 8.56, a current ratio of 8.56 and a debt-to-equity ratio of 1.08.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%.The company had revenue of $66.92 million during the quarter, compared to analyst estimates of $68.70 million. Equities analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, November 17th. UMH Properties’s payout ratio is currently 1,125.00%.

Insider Activity

In other news, Director Michael P. Landy bought 10,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were bought at an average price of $14.46 per share, with a total value of $144,600.00. Following the completion of the transaction, the director directly owned 362,052 shares in the company, valued at $5,235,271.92. This trade represents a 2.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Edward Mitchell sold 2,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $15.00, for a total value of $30,000.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 10,743 shares of company stock worth $155,097 and sold 55,700 shares worth $818,192. 8.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on UMH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, October 8th. Wall Street Zen downgraded UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Finally, Cantor Fitzgerald started coverage on shares of UMH Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $15.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, UMH Properties has an average rating of “Hold” and a consensus target price of $18.50.

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.