UMH Properties, Inc. (NYSE:UMH) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in UMH Properties, Inc. (NYSE:UMH) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 421,850 shares of the real estate investment trust’s stock after buying an additional 41,774 shares during the quarter. Envestnet Asset Management Inc. owned about 0.60% of UMH Properties worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its position in UMH Properties by 12.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 71,100 shares of the real estate investment trust’s stock valued at $1,089,000 after purchasing an additional 7,800 shares during the period. Bard Associates Inc. raised its position in UMH Properties by 2.2% in the fourth quarter. Bard Associates Inc. now owns 49,835 shares of the real estate investment trust’s stock valued at $763,000 after purchasing an additional 1,060 shares during the period. Vanguard Group Inc. raised its position in UMH Properties by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock valued at $100,212,000 after purchasing an additional 629,427 shares during the period. Quadrature Capital Ltd purchased a new position in UMH Properties in the fourth quarter valued at about $325,000. Finally, Pensionfund DSM Netherlands raised its position in UMH Properties by 5.5% in the first quarter. Pensionfund DSM Netherlands now owns 57,900 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 3,000 shares during the period. 75.40% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $19.31 on Monday. UMH Properties, Inc. has a 12 month low of $13.26 and a 12 month high of $20.64. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -128.72, a PEG ratio of 3.55 and a beta of 1.30. The stock’s 50 day moving average price is $19.12 and its 200 day moving average price is $16.96. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.77 and a quick ratio of 6.77.

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

Insider Buying and Selling

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the business’s stock in a transaction 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 transaction, the director now owns 412 shares of the company’s stock, valued at approximately $8,050.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.63% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UMH has been the topic of a number of analyst reports. B. Riley lifted their target price on UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Alliance Global Partners started coverage on UMH Properties in a research report on Thursday, July 18th. They set a “buy” rating and a $21.00 target price on the stock. Wedbush lifted their price target on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Finally, StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.25.

About UMH Properties

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.