JPMorgan Chase & Co. Boosts Holdings in UMH Properties, Inc. (NYSE:UMH)

JPMorgan Chase & Co. raised its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 20.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 410,856 shares of the real estate investment trust’s stock after acquiring an additional 68,580 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.52% of UMH Properties worth $8,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of UMH. Maryland Capital Advisors Inc. bought a new stake in UMH Properties during the 3rd quarter valued at approximately $26,000. Loomis Sayles & Co. L P raised its position in shares of 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 valued at $48,000 after buying an additional 2,346 shares during the last quarter. US Bancorp DE lifted its holdings in shares of 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 buying an additional 1,791 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of UMH Properties by 36.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 698 shares during the last quarter. Finally, Quarry LP grew its stake in 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 acquiring an additional 3,419 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

Insider Transactions at UMH Properties

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $977,500.00. Following the transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at $21,599,348.30. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on UMH shares. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Wedbush reissued a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a research note on Monday. Three investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

UMH Properties Stock Up 0.4 %

Shares of NYSE:UMH opened at $17.92 on Wednesday. The company has a 50-day moving average price of $19.05 and a 200 day moving average price of $18.78. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 12 month low of $14.09 and a 12 month high of $20.64. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 137.86, a PEG ratio of 3.47 and a beta of 1.29.

UMH Properties (NYSE:UMH) last announced its 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 return on equity of 6.06% and a net margin of 11.81%. The company had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. During the same quarter last year, the firm posted $0.22 EPS. As a group, equities research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s dividend payout ratio is currently 661.54%.

UMH Properties 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.