WealthTrust Axiom LLC Trims Position in UMH PROPERTIES/SH SH (NYSE:UMH)

WealthTrust Axiom LLC lessened its stake in shares of UMH PROPERTIES/SH SH (NYSE:UMH) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 146,325 shares of the real estate investment trust’s stock after selling 2,715 shares during the period. WealthTrust Axiom LLC’s holdings in UMH PROPERTIES/SH SH were worth $2,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank raised its holdings in shares of UMH PROPERTIES/SH SH by 2.1% during the 2nd quarter. Swiss National Bank now owns 63,100 shares of the real estate investment trust’s stock worth $783,000 after acquiring an additional 1,300 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of UMH PROPERTIES/SH SH by 215.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,949 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,331 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of UMH PROPERTIES/SH SH by 6.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 27,527 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 1,686 shares during the period. Prudential Financial Inc. raised its holdings in shares of UMH PROPERTIES/SH SH by 17.5% during the 2nd quarter. Prudential Financial Inc. now owns 13,375 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 1,990 shares during the period. Finally, Silver Lake Advisory LLC raised its holdings in shares of UMH PROPERTIES/SH SH by 2.1% during the 3rd quarter. Silver Lake Advisory LLC now owns 108,921 shares of the real estate investment trust’s stock worth $1,534,000 after acquiring an additional 2,270 shares during the period. Institutional investors and hedge funds own 59.36% of the company’s stock.

Shares of NYSE:UMH traded up $0.37 during midday trading on Friday, reaching $15.07. 279,605 shares of the company’s stock were exchanged, compared to its average volume of 159,687. The firm’s 50 day simple moving average is $14.46 and its two-hundred day simple moving average is $13.42. The company has a debt-to-equity ratio of 2.59, a current ratio of 3.05 and a quick ratio of 3.05. The stock has a market cap of $594.32 million, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.20 and a beta of 0.61. UMH PROPERTIES/SH SH has a fifty-two week low of $11.14 and a fifty-two week high of $15.63.

UMH PROPERTIES/SH SH (NYSE:UMH) last issued its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $37.33 million for the quarter, compared to analyst estimates of $38.82 million. UMH PROPERTIES/SH SH had a negative return on equity of 22.16% and a negative net margin of 23.38%. Equities research analysts predict that UMH PROPERTIES/SH SH will post 0.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, November 14th. UMH PROPERTIES/SH SH’s payout ratio is 97.30%.

Several research analysts have recently commented on UMH shares. Maxim Group set a $17.00 price target on UMH PROPERTIES/SH SH and gave the stock a “buy” rating in a report on Monday, August 12th. TheStreet upgraded UMH PROPERTIES/SH SH from a “d+” rating to a “c-” rating in a report on Thursday, October 3rd. DA Davidson reiterated a “buy” rating on shares of UMH PROPERTIES/SH SH in a report on Monday, July 29th. Zacks Investment Research upgraded UMH PROPERTIES/SH SH from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Finally, Compass Point started coverage on UMH PROPERTIES/SH SH in a report on Monday, July 22nd. They set a “buy” rating and a $19.50 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $17.75.

In other UMH PROPERTIES/SH SH news, insider Umh Properties, Inc. acquired 17,810 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $13.70 per share, with a total value of $243,997.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven B. Wolgin acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $11.80 per share, with a total value of $29,500.00. Following the completion of the transaction, the director now directly owns 34,441 shares in the company, valued at approximately $406,403.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,072 shares of company stock valued at $295,495 over the last three months. Corporate insiders own 10.84% of the company’s stock.

UMH PROPERTIES/SH SH Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

Further Reading: Stock Symbols and CUSIP Explained

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Institutional Ownership by Quarter for UMH PROPERTIES/SH SH (NYSE:UMH)

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