Silver Lake Advisory LLC Buys 4,667 Shares of UMH Properties, Inc. (NYSE:UMH)

Silver Lake Advisory LLC boosted its position in UMH Properties, Inc. (NYSE:UMH) by 4.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,741 shares of the real estate investment trust’s stock after buying an additional 4,667 shares during the period. Silver Lake Advisory LLC owned approximately 0.16% of UMH Properties worth $1,851,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC increased its holdings 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 valued at $33,000 after acquiring an additional 1,806 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of UMH Properties in the second quarter valued at $71,000. Quest Partners LLC lifted its stake in shares of UMH Properties by 337.7% in the second quarter. Quest Partners LLC now owns 10,552 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 8,141 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of UMH Properties during the first quarter valued at about $178,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of UMH Properties during the first quarter worth about $197,000. 75.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kiernan Conway sold 2,700 shares of the company’s 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 owns 412 shares in the company, valued at $8,050.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 8.63% of the company’s stock.

UMH Properties Stock Performance

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

UMH Properties (NYSE:UMH) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.21). The business 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 period in the prior year, the business earned $0.21 earnings per share. As a group, sell-side analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date was Thursday, August 15th. UMH Properties’s payout ratio is -573.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UMH shares. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. 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. B. Riley increased their price target on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research report on Thursday, August 15th. Finally, Wedbush lifted their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

UMH Properties 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.