D.A. Davidson & CO. Buys 387,021 Shares of UMH Properties, Inc. $UMH

D.A. Davidson & CO. boosted its stake in UMH Properties, Inc. (NYSE:UMH) by 35.7% during the 3rd quarter, Holdings Channel reports. The firm owned 1,470,755 shares of the real estate investment trust’s stock after buying an additional 387,021 shares during the quarter. D.A. Davidson & CO.’s holdings in UMH Properties were worth $21,841,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Keybank National Association OH lifted its position in shares of UMH Properties by 3.1% in the second quarter. Keybank National Association OH now owns 24,981 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 762 shares in the last quarter. Osaic Holdings Inc. increased its stake in UMH Properties by 6.8% in the 2nd quarter. Osaic Holdings Inc. now owns 13,062 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 827 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of UMH Properties by 4.7% during the 1st quarter. Inspire Investing LLC now owns 22,379 shares of the real estate investment trust’s stock worth $418,000 after acquiring an additional 1,007 shares in the last quarter. Diversified Trust Co boosted its position in shares of UMH Properties by 8.7% during the 3rd quarter. Diversified Trust Co now owns 12,789 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 1,025 shares during the last quarter. Finally, M&G PLC boosted its position in shares of UMH Properties by 11.1% during the 2nd quarter. M&G PLC now owns 11,091 shares of the real estate investment trust’s stock valued at $189,000 after acquiring an additional 1,112 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

UMH Properties Trading Down 0.2%

UMH stock opened at $15.89 on Monday. The company has a quick ratio of 6.86, a current ratio of 6.86 and a debt-to-equity ratio of 0.99. UMH Properties, Inc. has a twelve month low of $13.95 and a twelve month high of $19.14. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 198.59, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09. The firm’s fifty day simple moving average is $15.30 and its two-hundred day simple moving average is $15.61.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. B. Riley reduced their price target on shares of UMH Properties from $19.00 to $18.50 and set a “buy” rating on the stock in a research report on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, October 8th. Cantor Fitzgerald initiated coverage on shares of UMH Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $15.00 target price on the stock. Finally, Colliers Securities upgraded UMH Properties to a “buy” rating in a research report on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.20.

Insider Activity at UMH Properties

In other news, CEO Samuel A. Landy sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $14.19, for a total transaction of $283,800.00. Following the transaction, the chief executive officer owned 1,054,568 shares of the company’s stock, valued at approximately $14,964,319.92. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William Edward Mitchell purchased 2,000 shares of UMH Properties stock in a transaction dated Monday, November 24th. The stock was acquired at an average price of $14.92 per share, for a total transaction of $29,840.00. Following the completion of the acquisition, the director owned 28,737 shares of the company’s stock, valued at approximately $428,756.04. This trade represents a 7.48% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 2,809 shares of company stock valued at $41,344 in the last 90 days. Company insiders own 8.77% of the company’s stock.

UMH Properties Profile

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.