Orleans Capital Management Corp LA Sells 1,000 Shares of UMH Properties, Inc. (NYSE:UMH)

Orleans Capital Management Corp LA lowered its position in shares of UMH Properties, Inc. (NYSE:UMH) by 5.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,000 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. Orleans Capital Management Corp LA’s holdings in UMH Properties were worth $272,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in UMH Properties by 10.6% in the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after purchasing an additional 629,427 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of UMH Properties by 9.7% during 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. Kennedy Capital Management LLC raised its position in shares of 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 valued at $10,789,000 after buying an additional 472,307 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 valued at $6,745,000 after buying an additional 41,774 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its stake in shares of 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 valued at $33,000 after buying an additional 1,806 shares during the period. Institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on UMH shares. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. Wedbush raised their price target on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. B. Riley boosted their price target on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, Alliance Global Partners started coverage on shares of UMH Properties in a research note on Thursday, July 18th. They set a “buy” rating and a $21.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Price Performance

UMH Properties stock opened at $19.67 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.77 and a current ratio of 6.77. UMH Properties, Inc. has a 52 week low of $13.26 and a 52 week high of $20.64. The stock has a market capitalization of $1.54 billion, a P/E ratio of -131.12, a price-to-earnings-growth ratio of 3.47 and a beta of 1.30. The stock has a fifty day moving average of $19.17 and a 200-day moving average of $16.99.

UMH Properties (NYSE:UMH) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share (EPS) 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 quarter in the prior year, the firm earned $0.21 EPS. On average, sell-side analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

Insider Activity at UMH Properties

In related news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction that occurred 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. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.63% of the stock is currently owned by insiders.

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.