Arizona State Retirement System Has $295,000 Stock Position in UMH Properties, Inc. (NYSE:UMH)

Arizona State Retirement System grew its position in UMH Properties, Inc. (NYSE:UMH) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,445 shares of the real estate investment trust’s stock after purchasing an additional 1,111 shares during the period. Arizona State Retirement System’s holdings in UMH Properties were worth $295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in shares of UMH Properties by 2.4% in the 1st quarter. State of Alaska Department of Revenue now owns 28,798 shares of the real estate investment trust’s stock valued at $467,000 after purchasing an additional 668 shares during the last quarter. Diversified Trust Co boosted its stake in shares of UMH Properties by 7.2% during the 2nd quarter. Diversified Trust Co now owns 15,212 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,024 shares in the last quarter. Bard Associates Inc. increased its holdings in shares of UMH Properties by 2.2% during the 4th quarter. Bard Associates Inc. now owns 49,835 shares of the real estate investment trust’s stock valued at $763,000 after acquiring an additional 1,060 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of UMH Properties by 7.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 15,615 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 1,090 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in UMH Properties by 843.9% in the 1st 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 during the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Stock Performance

NYSE UMH opened at $19.80 on Wednesday. The company’s fifty day moving average is $18.65 and its two-hundred day moving average is $16.74. UMH Properties, Inc. has a 52-week low of $13.26 and a 52-week 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 firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -132.00, a P/E/G ratio of 3.60 and a beta of 1.30.

UMH Properties (NYSE:UMH) last released its earnings results 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 company had revenue of $60.33 million during the quarter, compared to the consensus estimate of $59.84 million. During the same quarter in the previous year, the business posted $0.21 EPS. Equities research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 15th were paid a $0.215 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.34%. UMH Properties’s payout ratio is -573.33%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Kiernan Conway sold 2,700 shares of UMH Properties stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.54, for a total transaction of $52,758.00. Following the sale, the director now directly owns 412 shares in the company, valued at approximately $8,050.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.63% of the stock is owned by company 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.