Cubist Systematic Strategies LLC Takes $356,000 Position in UMH Properties, Inc. (NYSE:UMH)

Cubist Systematic Strategies LLC acquired a new position in UMH Properties, Inc. (NYSE:UMH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,290 shares of the real estate investment trust’s stock, valued at approximately $356,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UMH. Vanguard Group Inc. lifted 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 buying an additional 629,427 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in UMH Properties by 9.7% during the 2nd 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 acquiring an additional 34,249 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in UMH Properties by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock valued at $6,745,000 after acquiring an additional 41,774 shares during the period. Kennedy Capital Management LLC grew its position in UMH Properties by 245.9% in the 1st quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock valued at $10,789,000 after acquiring an additional 472,307 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its position in shares of UMH Properties by 843.9% during the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,806 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insider Activity at UMH Properties

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of UMH Properties stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total value of $52,758.00. Following the transaction, the director now directly owns 412 shares in the company, valued at approximately $8,050.48. This trade represents a 0.00 % decrease in their position. The sale 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 insiders.

Analyst Ratings Changes

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

UMH Properties Trading Up 0.8 %

NYSE UMH opened at $18.79 on Monday. The firm’s fifty day moving average price is $19.38 and its 200 day moving average price is $17.19. UMH Properties, Inc. has a 12 month low of $13.48 and a 12 month high of $20.64. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.77 and a quick ratio of 6.77. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -268.39, a price-to-earnings-growth ratio of 3.35 and a beta of 1.30.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.21). UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. The firm had revenue of $60.33 million during the quarter, compared to analyst estimates of $59.84 million. During the same period in the previous year, the company posted $0.21 earnings per share. On average, sell-side analysts expect that UMH Properties, Inc. will post 0.93 earnings per share 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. Investors of record on Friday, November 15th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s dividend payout ratio is currently -1,228.40%.

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.