D.A. Davidson & CO. Grows Holdings in UMH Properties, Inc. (UMH)
D.A. Davidson & CO. grew its position in UMH Properties, Inc. (NYSE:UMH) by 12.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,738 shares of the real estate investment trust’s stock after acquiring an additional 30,612 shares during the quarter. D.A. Davidson & CO. owned 0.80% of UMH Properties worth $4,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in UMH Properties by 227.1% in the 2nd quarter. Creative Planning now owns 6,049 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 4,200 shares during the last quarter. Bank of Montreal Can increased its stake in UMH Properties by 787.4% in the 2nd quarter. Bank of Montreal Can now owns 10,392 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 9,221 shares during the last quarter. Aperio Group LLC increased its stake in UMH Properties by 6.0% in the 2nd quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 617 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in UMH Properties in the 2nd quarter worth approximately $211,000. Finally, BlueCrest Capital Management Ltd bought a new stake in UMH Properties in the 2nd quarter worth approximately $214,000. 53.63% of the stock is currently owned by institutional investors and hedge funds.
UMH Properties, Inc. (UMH) traded down $0.15 during midday trading on Thursday, hitting $15.44. The stock had a trading volume of 120,100 shares, compared to its average volume of 156,012. The company has a market cap of $544.51, a P/E ratio of 22.59, a P/E/G ratio of 2.14 and a beta of 0.60. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 1.98. UMH Properties, Inc. has a 52-week low of $12.67 and a 52-week high of $17.90.
UMH Properties (NYSE:UMH) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.34). The company had revenue of $28.69 million for the quarter, compared to the consensus estimate of $28.79 million. UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) EPS. research analysts expect that UMH Properties, Inc. will post 0.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Tuesday, November 14th. UMH Properties’s dividend payout ratio is currently -327.26%.
UMH has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating and issued a $17.50 price objective on shares of UMH Properties in a research note on Tuesday. Zacks Investment Research raised UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, September 14th. BidaskClub raised UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Janney Montgomery Scott initiated coverage on UMH Properties in a research report on Friday, September 8th. They set a “buy” rating on the stock. Finally, DA Davidson initiated coverage on UMH Properties in a research report on Friday, September 1st. They set a “buy” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.50.
UMH Properties Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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