AlphaQuest LLC Grows Stock Position in UMH Properties, Inc. $UMH

AlphaQuest LLC boosted its position in shares of UMH Properties, Inc. (NYSE:UMH) by 3,339.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,621 shares of the real estate investment trust’s stock after buying an additional 81,190 shares during the quarter. AlphaQuest LLC owned 0.10% of UMH Properties worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in UMH. Cloud Capital Management LLC bought a new stake in shares of UMH Properties in the 3rd quarter worth about $29,000. KBC Group NV raised its position in UMH Properties by 74.0% in the 2nd quarter. KBC Group NV now owns 3,005 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,278 shares during the period. Quantbot Technologies LP bought a new stake in UMH Properties in the second quarter worth about $52,000. Spire Wealth Management boosted its position in shares of UMH Properties by 41.5% during the third quarter. Spire Wealth Management now owns 4,980 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 1,460 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in shares of UMH Properties during the second quarter valued at approximately $90,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UMH. Colliers Securities upgraded UMH Properties to a “buy” rating in a report on Thursday, December 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of UMH Properties in a research report on Monday, January 5th. B. Riley decreased their target price on UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

UMH Properties Trading Up 0.2%

UMH opened at $15.62 on Monday. The company has a current ratio of 6.86, a quick ratio of 6.86 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 195.27, a PEG ratio of 2.61 and a beta of 1.09. UMH Properties, Inc. has a 12 month low of $13.95 and a 12 month high of $19.14. The stock has a fifty day moving average price of $15.78 and a 200-day moving average price of $15.48.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. UMH Properties had a net margin of 10.47% and a return on equity of 4.47%. The firm had revenue of $66.92 million for the quarter, compared to the consensus estimate of $68.70 million. As a group, equities research analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Tuesday, February 17th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, February 17th. UMH Properties’s dividend payout ratio (DPR) is presently 1,125.00%.

Insider Buying and Selling

In related news, Director William Edward Mitchell bought 2,000 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average cost of $14.92 per share, for a total transaction of $29,840.00. Following the purchase, the director directly owned 28,737 shares of the company’s stock, valued at approximately $428,756.04. This trade represents a 7.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.77% of the stock is owned by company insiders.

About UMH Properties

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.