Loomis Sayles & Co. L P Has $48,000 Position in UMH Properties, Inc. (NYSE:UMH)

Loomis Sayles & Co. L P lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 2,760.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,431 shares of the real estate investment trust’s stock after buying an additional 2,346 shares during the period. Loomis Sayles & Co. L P’s holdings in UMH Properties were worth $48,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Maryland Capital Advisors Inc. acquired a new position in shares of UMH Properties during the 3rd quarter worth approximately $26,000. US Bancorp DE grew its stake in shares of UMH Properties by 261.1% in the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,791 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of UMH Properties by 36.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 698 shares in the last quarter. Ridgewood Investments LLC acquired a new position in UMH Properties during the second quarter worth $71,000. Finally, Quest Partners LLC raised its position in UMH Properties by 337.7% during the second quarter. Quest Partners LLC now owns 10,552 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 8,141 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UMH. Wedbush lifted their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. B. Riley boosted their price target on UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, UMH Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

Insider Transactions at UMH Properties

In other news, Director Angela D. Pruitt sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total transaction of $53,928.00. Following the transaction, the director now directly owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the sale, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.63% of the company’s stock.

UMH Properties Stock Down 0.7 %

Shares of UMH opened at $19.26 on Friday. The firm has a market cap of $1.52 billion, a P/E ratio of 148.17, a price-to-earnings-growth ratio of 3.47 and a beta of 1.30. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. UMH Properties, Inc. has a 52 week low of $13.91 and a 52 week high of $20.64. The firm’s 50-day simple moving average is $19.13 and its 200 day simple moving average is $17.94.

UMH Properties (NYSE:UMH) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). The firm had revenue of $60.67 million during the quarter, compared to analyst estimates of $61.57 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. During the same period in the previous year, the company posted $0.22 EPS. On average, analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.47%. The ex-dividend date is Friday, November 15th. UMH Properties’s payout ratio is 661.59%.

UMH Properties Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.