OxFORD Asset Management LLP raised its stake in UMH Properties, Inc (NYSE:UMH) by 78.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,375 shares of the real estate investment trust’s stock after acquiring an additional 30,124 shares during the period. OxFORD Asset Management LLP owned approximately 0.20% of UMH Properties worth $1,060,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of UMH. Bank of Montreal Can grew its position in UMH Properties by 787.4% during the 2nd quarter. Bank of Montreal Can now owns 10,392 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 9,221 shares during the last quarter. Aperio Group LLC grew its position in shares of UMH Properties by 6.0% in the 2nd quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 617 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of UMH Properties in the 2nd quarter valued at about $211,000. BlueCrest Capital Management Ltd bought a new stake in shares of UMH Properties in the 2nd quarter valued at about $214,000. Finally, Stevens Capital Management LP bought a new stake in shares of UMH Properties in the 3rd quarter valued at about $260,000. 54.93% of the stock is owned by institutional investors.
Shares of UMH Properties, Inc (NYSE:UMH) traded down $0.02 during midday trading on Friday, reaching $13.98. The company’s stock had a trading volume of 114,958 shares, compared to its average volume of 141,489. UMH Properties, Inc has a 1-year low of $13.65 and a 1-year high of $17.90. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $488.28, a price-to-earnings ratio of -63.55, a price-to-earnings-growth ratio of 1.62 and a beta of 0.61.
UMH Properties (NYSE:UMH) last posted its quarterly earnings results 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). UMH Properties had a return on equity of 0.74% and a net margin of 1.05%. The company had revenue of $28.69 million during the quarter, compared to the consensus estimate of $28.79 million. During the same period in the previous year, the business earned ($0.02) earnings per share. UMH Properties’s revenue was up 13.1% on a year-over-year basis. equities research analysts anticipate that UMH Properties, Inc will post 0.73 earnings per share for the current fiscal year.
UMH has been the topic of a number of research reports. Zacks Investment Research downgraded UMH Properties from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. B. Riley reissued a “buy” rating on shares of UMH Properties in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.50.
About UMH Properties
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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