US Bancorp DE Has $49,000 Stake in UMH Properties, Inc. (NYSE:UMH)

US Bancorp DE lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 261.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,477 shares of the real estate investment trust’s stock after acquiring an additional 1,791 shares during the quarter. US Bancorp DE’s holdings in UMH Properties were worth $49,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its position in UMH Properties by 2.2% during the third quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock worth $614,000 after purchasing an additional 663 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 698 shares during the period. Diversified Trust Co grew its stake in UMH Properties by 7.2% in the 2nd quarter. Diversified Trust Co now owns 15,212 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 1,024 shares during the last quarter. Arizona State Retirement System raised its holdings in UMH Properties by 6.4% in the 2nd quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 1,111 shares during the period. Finally, Cornercap Investment Counsel Inc. lifted its position in UMH Properties by 2.4% during the second quarter. Cornercap Investment Counsel Inc. now owns 48,046 shares of the real estate investment trust’s stock worth $768,000 after acquiring an additional 1,124 shares during the last quarter. Institutional investors own 75.40% of the company’s stock.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $19.16 on Monday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.51 billion, a PE ratio of 147.40, a PEG ratio of 3.43 and a beta of 1.30. The firm has a 50 day moving average of $19.23 and a 200-day moving average of $17.76. UMH Properties, Inc. has a 12 month low of $13.91 and a 12 month high of $20.64.

UMH Properties (NYSE:UMH) last posted 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). The business had revenue of $60.67 million for the quarter, compared to analyst estimates of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same period last year, the firm posted $0.22 EPS. On average, equities research analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

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 issued a dividend of $0.215 per share. The ex-dividend date is Friday, November 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.49%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Insider Activity

In related news, CEO Samuel A. Landy sold 50,000 shares of UMH Properties 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 sale, the chief executive officer now directly owns 1,104,826 shares in the company, valued at $21,599,348.30. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on UMH. B. Riley upped their target price on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research report on Thursday, August 15th. Wedbush upped their price objective on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday. Three research analysts have rated the stock with a hold rating and three have assigned 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 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.