State of Alaska Department of Revenue raised its holdings in shares of UMH PROPERTIES/SH SH (NYSE:UMH) by 22.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,615 shares of the real estate investment trust’s stock after purchasing an additional 2,534 shares during the quarter. State of Alaska Department of Revenue’s holdings in UMH PROPERTIES/SH SH were worth $168,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of UMH PROPERTIES/SH SH by 114.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,937 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,569 shares during the period. PNC Financial Services Group Inc. purchased a new position in shares of UMH PROPERTIES/SH SH during the fourth quarter valued at approximately $52,000. Daiwa Securities Group Inc. boosted its position in shares of UMH PROPERTIES/SH SH by 32.6% during the first quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 1,400 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of UMH PROPERTIES/SH SH by 44.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 5,945 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 1,816 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of UMH PROPERTIES/SH SH by 32.0% during the fourth quarter. Legal & General Group Plc now owns 6,547 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 1,589 shares during the period. Institutional investors and hedge funds own 58.05% of the company’s stock.

UMH has been the subject of several recent analyst reports. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Compass Point reiterated a “buy” rating and set a $19.00 price target on shares of Preferred Apartment Communities in a research report on Monday, July 22nd. Finally, Maxim Group restated a “buy” rating and set a $72.00 target price on shares of Northwest Natural in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. UMH PROPERTIES/SH SH has a consensus rating of “Buy” and an average target price of $17.40.

In related news, insider Umh Properties, Inc. purchased 18,555 shares of the firm’s 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Eugene W. Landy sold 8,000 shares of UMH PROPERTIES/SH SH stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $13.20, for a total transaction of $105,600.00. Following the sale, the chairman now directly owns 623,243 shares of the company’s stock, valued at approximately $8,226,807.60. The disclosure for this sale can be found here. Insiders have bought 19,422 shares of company stock valued at $254,990 in the last ninety days. Insiders own 10.84% of the company’s stock.

Shares of UMH PROPERTIES/SH SH stock traded up $0.24 on Monday, hitting $13.21. 8,371 shares of the company traded hands, compared to its average volume of 149,109. The company has a 50 day moving average of $12.84. The company has a debt-to-equity ratio of 3.05, a quick ratio of 2.73 and a current ratio of 2.73. UMH PROPERTIES/SH SH has a 52 week low of $11.14 and a 52 week high of $16.69. The stock has a market cap of $512.46 million, a P/E ratio of 17.89, a PEG ratio of 1.86 and a beta of 0.63.

UMH PROPERTIES/SH SH (NYSE:UMH) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). UMH PROPERTIES/SH SH had a negative net margin of 13.68% and a negative return on equity of 11.83%. The company had revenue of $34.29 million for the quarter, compared to the consensus estimate of $34.67 million. On average, analysts forecast that UMH PROPERTIES/SH SH will post 0.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Wednesday, August 14th. UMH PROPERTIES/SH SH’s dividend payout ratio is presently 97.30%.

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.

See Also: What is the Moving Average Convergence Divergence (MACD) oscillator?

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)

Receive News & Ratings for UMH PROPERTIES/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH PROPERTIES/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.