McIlrath & Eck LLC Sells 2,478 Shares of UMH PROPERTIES/SH SH (UMH)

McIlrath & Eck LLC cut its holdings in shares of UMH PROPERTIES/SH SH (NYSE:UMH) by 6.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 34,260 shares of the real estate investment trust’s stock after selling 2,478 shares during the quarter. UMH PROPERTIES/SH SH comprises about 0.3% of McIlrath & Eck LLC’s holdings, making the stock its 22nd largest position. McIlrath & Eck LLC’s holdings in UMH PROPERTIES/SH SH were worth $482,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of UMH. Quantamental Technologies LLC acquired a new position in shares of UMH PROPERTIES/SH SH in the 4th quarter worth approximately $33,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of UMH PROPERTIES/SH SH by 114.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,937 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,569 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of UMH PROPERTIES/SH SH in the 4th quarter worth approximately $52,000. Great West Life Assurance Co. Can lifted its position in shares of UMH PROPERTIES/SH SH by 44.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 5,945 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,816 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of UMH PROPERTIES/SH SH by 32.0% in the 4th quarter. Legal & General Group Plc now owns 6,547 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 1,589 shares during the period. Institutional investors and hedge funds own 54.76% of the company’s stock.

A number of research analysts have recently issued reports on UMH shares. Boenning Scattergood restated a “buy” rating and issued a $19.50 price target on shares of UMH PROPERTIES/SH SH in a research report on Monday, March 11th. Zacks Investment Research upgraded shares of UMH PROPERTIES/SH SH from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, March 12th.

Shares of NYSE:UMH traded up $0.03 during mid-day trading on Wednesday, hitting $13.20. The company had a trading volume of 1,000 shares, compared to its average volume of 144,728. The firm has a market capitalization of $520.35 million, a P/E ratio of 17.85, a P/E/G ratio of 1.83 and a beta of 0.74. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 3.05. UMH PROPERTIES/SH SH has a one year low of $11.14 and a one year high of $16.69.

UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $34.29 million during the quarter, compared to the consensus estimate of $34.67 million. UMH PROPERTIES/SH SH had a negative net margin of 13.68% and a negative return on equity of 11.83%. On average, analysts anticipate that UMH PROPERTIES/SH SH will post 0.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 5.45%. UMH PROPERTIES/SH SH’s dividend payout ratio is currently 97.30%.

In other UMH PROPERTIES/SH SH news, insider Umh Properties, Inc. purchased 19,365 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $12.60 per share, for a total transaction of $243,999.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $13.56, for a total transaction of $108,480.00. The disclosure for this sale can be found here. Insiders own 10.89% of the company’s stock.

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UMH PROPERTIES/SH SH Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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Want to see what other hedge funds are holding UMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMH PROPERTIES/SH SH (NYSE:UMH).

Institutional Ownership by Quarter for UMH PROPERTIES/SH SH (NYSE:UMH)

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