UMH Properties, Inc (UMH) Holdings Cut by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its position in shares of UMH Properties, Inc (NYSE:UMH) by 93.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,460 shares of the real estate investment trust’s stock after selling 150,635 shares during the period. GSA Capital Partners LLP’s holdings in UMH Properties were worth $163,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd bought a new stake in UMH Properties during the second quarter valued at about $214,000. Nationwide Fund Advisors boosted its holdings in UMH Properties by 6.9% during the second quarter. Nationwide Fund Advisors now owns 15,613 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 1,007 shares during the period. Stevens Capital Management LP bought a new stake in UMH Properties during the third quarter valued at about $260,000. Voya Investment Management LLC boosted its holdings in UMH Properties by 11.6% during the second quarter. Voya Investment Management LLC now owns 17,252 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 1,798 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of UMH Properties during the second quarter valued at about $305,000. Institutional investors own 54.93% of the company’s stock.

UMH Properties, Inc (NYSE:UMH) opened at $13.98 on Friday. The company has a market cap of $488.28, a PE ratio of -63.55, a PEG ratio of 1.58 and a beta of 0.61. 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 $13.65 and a 52-week high of $17.90.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.34). The company had revenue of $28.69 million for the quarter, compared to analyst estimates of $28.79 million. UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) EPS. sell-side analysts forecast that UMH Properties, Inc will post 0.73 EPS for the current fiscal year.

A number of brokerages have recently commented on UMH. Zacks Investment Research raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Friday. B. Riley reaffirmed a “buy” rating and set a $17.50 price objective on shares of UMH Properties in a research report on Tuesday, November 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.50.

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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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Institutional Ownership by Quarter for UMH Properties (NYSE:UMH)

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