Quantbot Technologies LP Purchases 37,558 Shares of UMH Properties, Inc. (NYSE:UMH)

Quantbot Technologies LP boosted its holdings in UMH Properties, Inc. (NYSE:UMH) by 297.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,183 shares of the real estate investment trust’s stock after acquiring an additional 37,558 shares during the quarter. Quantbot Technologies LP’s holdings in UMH Properties were worth $987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UMH. Loomis Sayles & Co. L P grew its holdings in shares of UMH Properties by 2,760.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 2,346 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in UMH Properties by 10.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,773 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 2,207 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in UMH Properties during the 3rd quarter worth approximately $3,513,000. Charles Schwab Investment Management Inc. raised its stake in shares of UMH Properties by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock worth $18,505,000 after purchasing an additional 56,662 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of UMH Properties in the third quarter valued at approximately $320,000. Institutional investors own 75.40% of the company’s stock.

Analyst Upgrades and Downgrades

UMH has been the subject of several recent research reports. Wedbush upped their price target on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, B. Riley increased their target price on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.25.

Insider Transactions at UMH Properties

In other news, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total transaction of $977,500.00. Following the transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at $21,599,348.30. This represents a 4.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the sale, the director now directly owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. 8.63% of the stock is currently owned by company insiders.

UMH Properties Stock Performance

Shares of UMH Properties stock opened at $19.20 on Monday. The business’s fifty day simple moving average is $19.10 and its 200 day simple moving average is $17.98. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 12 month low of $14.07 and a 12 month high of $20.64. The firm has a market capitalization of $1.51 billion, a P/E ratio of 147.70, a price-to-earnings-growth ratio of 3.44 and a beta of 1.30.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The business had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s dividend payout ratio is currently 661.59%.

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.