Fmr LLC Has $53.70 Million Stake in UMH Properties, Inc. (NYSE:UMH)

Fmr LLC raised its stake in UMH Properties, Inc. (NYSE:UMH) by 0.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,729,895 shares of the real estate investment trust’s stock after purchasing an additional 526 shares during the quarter. Fmr LLC owned 3.46% of UMH Properties worth $53,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Maryland Capital Advisors Inc. bought a new stake in UMH Properties in the 3rd quarter worth about $26,000. Loomis Sayles & Co. L P lifted its holdings in UMH Properties by 2,760.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 2,346 shares during the period. US Bancorp DE boosted its position in UMH Properties by 261.1% in the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,791 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in 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 purchasing an additional 698 shares during the period. Finally, Ridgewood Investments LLC purchased a new stake in shares of UMH Properties during the 2nd quarter valued at $71,000. Institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. B. Riley boosted their target price 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, UMH Properties has an average rating of “Moderate Buy” and a consensus target price of $21.25.

Insider Activity at UMH Properties

In other news, CEO Samuel A. Landy sold 50,000 shares of the company’s 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 sale, the chief executive officer now directly owns 1,104,826 shares in the company, valued at $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Angela D. Pruitt sold 2,800 shares of the firm’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 transaction of $53,928.00. Following the completion of the transaction, the director now owns 7,993 shares of the company’s stock, valued at $153,945.18. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is owned by company insiders.

UMH Properties Price Performance

NYSE UMH opened at $19.26 on Friday. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.52 billion, a PE ratio of 148.15, a price-to-earnings-growth ratio of 3.52 and a beta of 1.29. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64. The firm’s 50-day simple moving average is $19.08 and its two-hundred day simple moving average is $18.10.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The business had revenue of $60.67 million for the quarter, compared to analysts’ expectations of $61.57 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. Research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is presently 661.54%.

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.