Shufro Rose & Co. LLC Boosts Stock Position in UMH PROPERTIES/SH SH (NYSE:UMH)

Shufro Rose & Co. LLC raised its position in shares of UMH PROPERTIES/SH SH (NYSE:UMH) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,700 shares of the real estate investment trust’s stock after purchasing an additional 12,200 shares during the quarter. Shufro Rose & Co. LLC owned 0.26% of UMH PROPERTIES/SH SH worth $1,262,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of UMH PROPERTIES/SH SH by 22.9% in the second quarter. State of Alaska Department of Revenue now owns 13,615 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 2,534 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in UMH PROPERTIES/SH SH by 4.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 456,000 shares of the real estate investment trust’s stock worth $5,658,000 after acquiring an additional 20,000 shares during the last quarter. Foundry Partners LLC increased its stake in UMH PROPERTIES/SH SH by 58.6% during the second quarter. Foundry Partners LLC now owns 343,250 shares of the real estate investment trust’s stock worth $4,260,000 after acquiring an additional 126,788 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in UMH PROPERTIES/SH SH by 71.0% during the second quarter. Nisa Investment Advisors LLC now owns 25,841 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 10,731 shares during the last quarter. Finally, Pensionfund Sabic increased its stake in UMH PROPERTIES/SH SH by 48.0% during the second quarter. Pensionfund Sabic now owns 37,000 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

In other UMH PROPERTIES/SH SH news, Chairman Eugene W. Landy sold 8,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $13.20, for a total value of $105,600.00. Following the sale, the chairman now directly owns 623,243 shares in the company, valued at $8,226,807.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Umh Properties, Inc. purchased 18,555 shares of the business’s stock in a transaction on Monday, June 17th. The stock was acquired at an average price of $13.15 per share, for a total transaction of $243,998.25. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 19,422 shares of company stock valued at $254,990. 10.84% of the stock is currently owned by company insiders.

Shares of UMH traded down $0.09 during midday trading on Friday, hitting $13.06. 76,377 shares of the stock were exchanged, compared to its average volume of 162,721. UMH PROPERTIES/SH SH has a 52-week low of $11.14 and a 52-week high of $16.69. The stock’s fifty day moving average is $12.78. The firm has a market cap of $519.57 million, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.89 and a beta of 0.63. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 3.05.

UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $34.29 million for the quarter, compared to analysts’ expectations of $34.67 million. UMH PROPERTIES/SH SH had a negative return on equity of 11.83% and a negative net margin of 13.68%. As a group, equities research analysts anticipate that UMH PROPERTIES/SH SH will post 0.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.72 dividend on an annualized basis and a yield of 5.51%. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is presently 97.30%.

Several equities research analysts have issued reports on UMH shares. Compass Point started coverage on UMH PROPERTIES/SH SH in a research note on Monday, July 22nd. They set a “buy” rating and a $19.50 target price for the company. Maxim Group started coverage on UMH PROPERTIES/SH SH in a research note on Thursday, June 6th. They set a “buy” rating and a $17.00 target price for the company. Zacks Investment Research cut UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a research note on Tuesday, June 11th. Finally, DA Davidson reissued a “buy” rating on shares of UMH PROPERTIES/SH SH in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. UMH PROPERTIES/SH SH currently has a consensus rating of “Buy” and a consensus price target of $17.40.

UMH PROPERTIES/SH SH Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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Institutional Ownership by Quarter for UMH PROPERTIES/SH SH (NYSE:UMH)

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