State of Alaska Department of Revenue Has $614,000 Position in UMH Properties, Inc. (NYSE:UMH)

State of Alaska Department of Revenue boosted its holdings in UMH Properties, Inc. (NYSE:UMH) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 31,304 shares of the real estate investment trust’s stock after purchasing an additional 663 shares during the period. State of Alaska Department of Revenue’s holdings in UMH Properties were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in UMH. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 period. IFM Investors Pty Ltd acquired a new stake in UMH Properties during the 3rd quarter worth approximately $294,000. International Assets Investment Management LLC boosted its stake in UMH Properties by 4,595.6% in the 3rd quarter. International Assets Investment Management LLC now owns 24,511 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 23,989 shares during the period. Maryland Capital Advisors Inc. acquired a new position in UMH Properties in the 3rd quarter valued at $26,000. Finally, Copeland Capital Management LLC increased its position in UMH Properties by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust’s stock worth $54,311,000 after buying an additional 8,946 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insider Transactions at UMH Properties

In related news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.54, for a total value of $52,758.00. Following the sale, the director now directly owns 412 shares of the company’s stock, valued at $8,050.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.63% of the stock is owned by insiders.

UMH Properties Trading Up 1.0 %

Shares of UMH Properties stock opened at $18.95 on Friday. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49. UMH Properties, Inc. has a 12-month low of $13.91 and a 12-month high of $20.64. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -270.68, a PEG ratio of 3.31 and a beta of 1.30. The firm’s 50-day moving average price is $19.23 and its two-hundred day moving average price is $17.57.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data 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). 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 the consensus estimate of $59.84 million. During the same period last year, the business earned $0.21 earnings per share. On average, analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.54%. UMH Properties’s payout ratio is -1,228.40%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UMH. Wedbush boosted their target price on shares of UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Alliance Global Partners assumed coverage on shares of UMH Properties in a research report on Thursday, July 18th. They issued a “buy” rating and a $21.00 price target for the company. Finally, 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, UMH Properties presently has a consensus rating of “Moderate Buy” and a consensus target price 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.