Geode Capital Management LLC Has $33.52 Million Holdings in UMH Properties, Inc. (NYSE:UMH)

Geode Capital Management LLC boosted its holdings in UMH Properties, Inc. (NYSE:UMH) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,703,794 shares of the real estate investment trust’s stock after acquiring an additional 59,705 shares during the quarter. Geode Capital Management LLC owned 2.16% of UMH Properties worth $33,520,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UMH. Maryland Capital Advisors Inc. purchased a new position in shares of UMH Properties during the third quarter valued at approximately $26,000. Loomis Sayles & Co. L P boosted its holdings in UMH Properties by 2,760.0% during the 3rd 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 last quarter. US Bancorp DE grew its stake in shares of UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,791 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of UMH Properties by 36.8% in the third 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 last quarter. Finally, Quarry LP lifted its position in shares of UMH Properties by 904.5% during the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 3,419 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insider Buying and Selling at UMH Properties

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

Analyst Ratings Changes

Separately, StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $18.96 on Thursday. UMH Properties, Inc. has a fifty-two week low of $14.09 and a fifty-two week high of $20.64. The company’s 50-day moving average is $19.13 and its 200 day moving average is $18.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The company has a market capitalization of $1.50 billion, a P/E ratio of 145.86, a price-to-earnings-growth ratio of 3.47 and a beta of 1.29.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The company had revenue of $60.67 million for the quarter, compared to the consensus estimate 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 in the prior year, the company earned $0.22 earnings per share. On average, equities research analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Friday, November 15th. UMH Properties’s dividend payout ratio is currently 661.54%.

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.