State of Alaska Department of Revenue Boosts Stake in UMH Properties, Inc. (NYSE:UMH)

State of Alaska Department of Revenue boosted its holdings in UMH Properties, Inc. (NYSE:UMH) by 10.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,614 shares of the real estate investment trust’s stock after buying an additional 3,310 shares during the period. State of Alaska Department of Revenue’s holdings in UMH Properties were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of UMH. Maryland Capital Advisors Inc. bought a new position in shares of UMH Properties during the 3rd quarter valued at about $26,000. Loomis Sayles & Co. L P boosted its holdings in shares of 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 valued at $48,000 after purchasing an additional 2,346 shares during the last quarter. US Bancorp DE boosted its holdings in shares of UMH Properties by 261.1% during the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,791 shares during the last quarter. 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 valued at $50,000 after purchasing an additional 698 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of UMH Properties by 904.5% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UMH. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.25.

Insiders Place Their Bets

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. 8.63% of the stock is owned by insiders.

UMH Properties Stock Down 1.0 %

Shares of NYSE UMH opened at $18.04 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The company has a market cap of $1.42 billion, a P/E ratio of 138.79, a PEG ratio of 3.02 and a beta of 1.28. UMH Properties, Inc. has a 1 year low of $14.09 and a 1 year high of $20.64. The firm has a 50-day simple moving average of $18.49 and a two-hundred day simple moving average of $18.95.

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s payout ratio is currently 661.59%.

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.