International Assets Investment Management LLC Has $482,000 Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

International Assets Investment Management LLC grew its position in UMH Properties, Inc. (NYSE:UMH) by 4,595.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,511 shares of the real estate investment trust’s stock after purchasing an additional 23,989 shares during the period. International Assets Investment Management LLC’s holdings in UMH Properties were worth $482,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in UMH Properties by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock worth $6,218,000 after purchasing an additional 34,249 shares during the period. Envestnet Asset Management Inc. raised its holdings in UMH Properties by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock worth $6,745,000 after purchasing an additional 41,774 shares during the period. Kennedy Capital Management LLC raised its holdings in UMH Properties by 245.9% in the first quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock worth $10,789,000 after purchasing an additional 472,307 shares during the period. EntryPoint Capital LLC raised its holdings in UMH Properties by 843.9% in the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,806 shares during the period. Finally, Swiss National Bank raised its holdings in UMH Properties by 1.9% in the first quarter. Swiss National Bank now owns 124,500 shares of the real estate investment trust’s stock worth $2,022,000 after purchasing an additional 2,300 shares during the period. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UMH has been the subject of several research reports. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Alliance Global Partners initiated coverage on shares of UMH Properties in a research report on Thursday, July 18th. They set a “buy” rating and a $21.00 price objective for the company. Wedbush increased their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, B. Riley increased their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, UMH Properties currently has an average rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Stock Up 1.6 %

UMH Properties stock opened at $18.69 on Wednesday. The company has a market cap of $1.47 billion, a P/E ratio of -265.10, a price-to-earnings-growth ratio of 3.28 and a beta of 1.30. UMH Properties, Inc. has a 1-year low of $13.91 and a 1-year high of $20.64. The company has a fifty day simple moving average of $19.26 and a 200 day simple moving average of $17.53. 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 released its earnings results 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 business had revenue of $60.33 million during the quarter, compared to the consensus estimate of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same period last year, the business posted $0.21 EPS. Research analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The firm 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 $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is currently -1,228.40%.

Insider Activity at UMH Properties

In related news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total value of $52,758.00. Following the completion of the transaction, the director now owns 412 shares of the company’s stock, valued at approximately $8,050.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.63% of the stock is owned by insiders.

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.