Squarepoint Ops LLC Sells 8,425 Shares of UMH Properties, Inc. (NYSE:UMH)

Squarepoint Ops LLC decreased its position in UMH Properties, Inc. (NYSE:UMH) by 26.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,785 shares of the real estate investment trust’s stock after selling 8,425 shares during the quarter. Squarepoint Ops LLC’s holdings in UMH Properties were worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC raised its holdings in shares of UMH Properties by 843.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,806 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of UMH Properties in the second quarter valued at approximately $71,000. Quest Partners LLC lifted its position in shares of UMH Properties by 337.7% in the second quarter. Quest Partners LLC now owns 10,552 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 8,141 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of UMH Properties during the 1st quarter worth approximately $178,000. Finally, Custom Index Systems LLC acquired a new position in shares of UMH Properties during the 2nd quarter worth approximately $230,000. 75.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UMH. Wedbush upped their price target on shares of UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. B. Riley boosted their price target on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, Alliance Global Partners assumed coverage on UMH Properties in a report on Thursday, July 18th. They issued a “buy” rating and a $21.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

UMH Properties Trading Down 0.9 %

Shares of UMH Properties stock opened at $18.63 on Friday. The firm’s 50 day moving average is $19.37 and its 200 day moving average is $17.15. The firm has a market capitalization of $1.46 billion, a PE ratio of -124.19, a price-to-earnings-growth ratio of 3.42 and a beta of 1.30. UMH Properties, Inc. has a 1 year low of $13.48 and a 1 year high of $20.64. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 1.49.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The firm had revenue of $60.33 million for the quarter, compared to the consensus estimate of $59.84 million. UMH Properties had a return on equity of 3.17% and a net margin of 5.79%. During the same quarter in the prior year, the firm earned $0.21 EPS. Equities research analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s dividend payout ratio is currently -573.30%.

Insiders Place Their Bets

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total transaction of $52,758.00. Following the completion of the sale, the director now owns 412 shares of the company’s stock, valued at approximately $8,050.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.63% of the company’s stock.

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.