Russell Investments Group Ltd. Has $7.48 Million Stock Holdings in UMH PROPERTIES/SH SH (NYSE:UMH)

Russell Investments Group Ltd. lifted its position in shares of UMH PROPERTIES/SH SH (NYSE:UMH) by 9.5% during the 2nd quarter, Holdings Channel reports. The firm owned 602,258 shares of the real estate investment trust’s stock after purchasing an additional 52,301 shares during the quarter. Russell Investments Group Ltd.’s holdings in UMH PROPERTIES/SH SH were worth $7,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in UMH. Creative Financial Designs Inc. ADV increased its stake in shares of UMH PROPERTIES/SH SH by 215.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,949 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,331 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 valued at $41,000 after purchasing an additional 1,569 shares during the period. BNP Paribas Arbitrage SA boosted its stake in UMH PROPERTIES/SH SH by 5,101.5% during the first quarter. BNP Paribas Arbitrage SA now owns 6,918 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 6,785 shares in the last quarter. Prudential Financial Inc. boosted its stake in UMH PROPERTIES/SH SH by 17.5% during the second quarter. Prudential Financial Inc. now owns 13,375 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 1,990 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in UMH PROPERTIES/SH SH by 22.9% during the second quarter. State of Alaska Department of Revenue now owns 13,615 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 2,534 shares in the last quarter. Institutional investors own 60.16% of the company’s stock.

Several research analysts recently issued reports on the stock. TheStreet lowered shares of UMH PROPERTIES/SH SH from a “c” rating to a “d+” rating in a research note on Wednesday, August 21st. Zacks Investment Research lowered shares of UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a research note on Tuesday, June 11th. Maxim Group set a $17.00 target price on shares of UMH PROPERTIES/SH SH and gave the stock a “buy” rating in a research note on Monday, August 12th. Compass Point assumed coverage on shares of UMH PROPERTIES/SH SH in a research note on Monday, July 22nd. They set a “buy” rating and a $19.50 target price on the stock. Finally, DA Davidson reissued a “buy” rating on shares of UMH PROPERTIES/SH SH in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. UMH PROPERTIES/SH SH presently has an average rating of “Buy” and an average target price of $17.40.



Shares of UMH PROPERTIES/SH SH stock traded down $0.02 during trading hours on Thursday, reaching $13.89. The company’s stock had a trading volume of 4,491 shares, compared to its average volume of 165,614. UMH PROPERTIES/SH SH has a one year low of $11.14 and a one year high of $15.99. The company has a market capitalization of $562.40 million, a P/E ratio of 18.58, a P/E/G ratio of 1.97 and a beta of 0.62. The stock’s fifty day simple moving average is $12.80 and its two-hundred day simple moving average is $13.24. The company has a debt-to-equity ratio of 2.59, a quick ratio of 3.05 and a current ratio of 3.05.

UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.32). UMH PROPERTIES/SH SH had a negative net margin of 23.38% and a negative return on equity of 22.16%. The business had revenue of $37.23 million during the quarter, compared to the consensus estimate of $36.26 million. As a group, research analysts forecast that UMH PROPERTIES/SH SH will post 0.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Wednesday, August 14th. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is 97.30%.

In other news, Chairman Eugene W. Landy sold 8,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.86, for a total value of $94,880.00. Following the completion of the sale, the chairman now owns 603,555 shares in the company, valued at $7,158,162.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Umh Properties, Inc. bought 18,555 shares of the stock in a transaction dated Monday, June 17th. The stock was purchased at an average price of $13.15 per share, with a total value of $243,998.25. The disclosure for this purchase can be found here. Insiders acquired 23,535 shares of company stock worth $304,495 over the last ninety days. Insiders own 10.84% of the company’s stock.

About UMH PROPERTIES/SH SH

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

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