Blair William & Co. IL Has $1.23 Million Stake in UMH Properties, Inc. (UMH)
Blair William & Co. IL increased its stake in UMH Properties, Inc. (NYSE:UMH) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,185 shares of the real estate investment trust’s stock after buying an additional 1,930 shares during the period. Blair William & Co. IL owned 0.23% of UMH Properties worth $1,231,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its stake in UMH Properties by 3.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 317,000 shares of the real estate investment trust’s stock valued at $5,405,000 after buying an additional 10,000 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in UMH Properties by 27.5% in the second quarter. Bank of New York Mellon Corp now owns 286,226 shares of the real estate investment trust’s stock valued at $4,881,000 after buying an additional 61,719 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in UMH Properties by 108.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 210,748 shares of the real estate investment trust’s stock valued at $3,594,000 after buying an additional 109,803 shares during the last quarter. Wedbush Securities Inc. boosted its stake in UMH Properties by 14.1% in the second quarter. Wedbush Securities Inc. now owns 109,487 shares of the real estate investment trust’s stock valued at $1,867,000 after buying an additional 13,565 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in UMH Properties during the second quarter valued at $904,000. Institutional investors and hedge funds own 53.99% of the company’s stock.
Shares of UMH Properties, Inc. (NYSE UMH) opened at 15.70 on Tuesday. The stock’s market cap is $532.15 million. The firm has a 50 day moving average price of $16.15 and a 200 day moving average price of $15.88. UMH Properties, Inc. has a 12-month low of $11.28 and a 12-month high of $17.90.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Friday, August 11th. UMH Properties’s dividend payout ratio is currently -799.91%.
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UMH has been the topic of several recent analyst reports. Wunderlich raised their price target on UMH Properties from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 11th. Sidoti raised their price target on UMH Properties from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, May 25th. BidaskClub cut UMH Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. FBR & Co reaffirmed an “outperform” rating and issued a $18.50 price target on shares of UMH Properties in a report on Tuesday, July 11th. Finally, ValuEngine cut UMH Properties from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $19.17.
In related news, Director James E. Mitchell bought 3,000 shares of the stock in a transaction dated Friday, July 21st. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $75,000.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $75,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have bought 3,759 shares of company stock worth $87,006. Insiders own 11.61% of the company’s stock.
About UMH Properties
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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