Connect with us

Alaska

UMH Properties, Inc. (NYSE:UMH) Shares Bought by State of Alaska Department of Revenue

Published

on

UMH Properties, Inc. (NYSE:UMH) Shares Bought by State of Alaska Department of Revenue



State of Alaska Department of Revenue raised its stake in UMH Properties, Inc. (NYSE:UMH – Free Report) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,130 shares of the real estate investment trust’s stock after acquiring an additional 1,769 shares during the quarter. State of Alaska Department of Revenue’s holdings in UMH Properties were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in UMH Properties by 5.4% during the first quarter. Vanguard Group Inc. now owns 5,139,580 shares of the real estate investment trust’s stock worth $126,383,000 after buying an additional 264,005 shares during the period. BlackRock Inc. lifted its position in UMH Properties by 22.9% during the second quarter. BlackRock Inc. now owns 4,759,328 shares of the real estate investment trust’s stock worth $76,054,000 after buying an additional 886,892 shares during the period. American Century Companies Inc. lifted its position in UMH Properties by 29.5% during the third quarter. American Century Companies Inc. now owns 2,532,194 shares of the real estate investment trust’s stock worth $35,501,000 after buying an additional 576,304 shares during the period. State Street Corp lifted its position in UMH Properties by 5.1% during the second quarter. State Street Corp now owns 1,697,046 shares of the real estate investment trust’s stock worth $27,119,000 after buying an additional 82,823 shares during the period. Finally, Geode Capital Management LLC lifted its position in UMH Properties by 8.4% during the second quarter. Geode Capital Management LLC now owns 1,230,411 shares of the real estate investment trust’s stock worth $19,662,000 after buying an additional 95,711 shares during the period. 75.40% of the stock is owned by institutional investors and hedge funds.

UMH Properties Stock Performance

UMH Properties stock opened at $15.45 on Friday. The stock’s 50-day moving average is $15.42 and its 200-day moving average is $14.91. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -102.99, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.52 and a quick ratio of 6.52. UMH Properties, Inc. has a 12 month low of $13.26 and a 12 month high of $16.85.

Advertisement

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.57%. This is an increase from UMH Properties’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, May 14th. UMH Properties’s dividend payout ratio (DPR) is -546.63%.

Insider Transactions at UMH Properties

In other news, COO Brett Taft sold 9,800 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total value of $155,918.00. Following the transaction, the chief operating officer now directly owns 97,049 shares in the company, valued at approximately $1,544,049.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 239 shares of company stock worth $3,506 in the last three months. 9.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on UMH. Compass Point increased their target price on UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of UMH Properties in a research report on Monday, March 25th. StockNews.com downgraded UMH Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Finally, B. Riley initiated coverage on UMH Properties in a report on Thursday, March 21st. They issued a “buy” rating and a $18.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, UMH Properties currently has a consensus rating of “Hold” and a consensus target price of $19.00.

Check Out Our Latest Analysis on UMH

Advertisement

UMH Properties Profile

(Free Report)

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.

Read More

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, Inc. (NYSE:UMH – Free Report).

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



Advertisement

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



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Alaska

Hydroponics provide year-round growing for Alaska farmers

Published

on

Hydroponics provide year-round growing for Alaska farmers


On a recent December afternoon, Soldotna farmer Taylor Lewis preps for a day of harvesting crops. She walks to a tray filled with ripe lettuce and snips a head of it by the stem.

It’s just one of about 900 plants that Taylor and her mother-in-law Jayme Lewis will harvest and process this week – despite freezing temperatures and slushy snow outside. That’s because the duo works for Edgy Veggie, an indoor farm that grows produce year round.

“In the summer, a lot of our business drops off because folks are gardening at home. But in the winter, they’re not, because it costs money to heat your greenhouse,” Jayme said. “It costs a lot of money to heat your greenhouse.”

The company is a hydroponic farm, meaning they grow plants without soil. Hydroponic systems recycle and reuse nutrient-filled water, which minimizes waste. Specially made lighting and climate controlled conditions make it possible for Edgy Veggie to grow indoors during the winter months.

Advertisement
Climate controlled grow rooms like this one at Edgy Veggie in Soldotna make it possible to harvest greens and herbs year-round.

Around Thanksgiving, the company harvested 150 pounds of lettuce, enough to make about 800 salads. That took two days and was one of their biggest hauls of the year. Although not a typical harvest for the company, Jayme says she does see an uptick in business during the winter when Alaska’s produce is almost exclusively shipped up from the Lower 48.

“If you go to the grocery store and pick up a head of lettuce right now, by the time you get it home it will be wilted,” Jayme said. “That’s sad. Literally, that’s sad.”

Jayme says some local restaurants have sourced their vegetables from Edgy Veggie because they last longer and are fresher than grocery store produce.

Nestled between two train cars-turned-restaurants on the other side of town, Henry Krull walks inside his shipping container farm. He points to a wall that’s growing hundreds of bunches of butter lettuce.

Advertisement

Krull is the owner of fresh365, another Kenai Peninsula based hydroponic farm. Just like Edgy Veggie, the farm operates entirely indoors.

“The advantage of growing indoors, in a container like we have, is that we can control the environment,” Krull said. “We can grow no matter what’s going on outside. It can be 30 below outside, but it’s always 70 degrees or so inside.”

fresh365 also sees an uptick in direct-to-consumer sales in the winter. Otherwise, most of their sales go to other businesses, like local restaurants.

Lettuce sprouts, like these seen at Edgy Veggie in Soldotna, are placed in a specially designed watering system and grown without soil.

Lettuce sprouts, like these seen at Edgy Veggie in Soldotna, are placed in a specially designed watering system and grown without soil.

And while indoor farming means fresh, local produce year-round for Alaskans, it faces a number of challenges. Krull says growing in a hydroponic setting is much more expensive than traditional farming methods. So, to offset his farm’s energy costs, he installed solar panels, which were partially funded by the U.S. Department of Agriculture’s Rural Energy for America Program, or REAP.

Advertisement

But, Krull says the property doesn’t get much sunlight in the winter.

“The sun is a very valuable commodity, it’s valuable for not only producing electricity, but it helps to lower the energy costs,” he said. “And the energy costs of the farm containers we have is actually very, very high, because we can’t take advantage of the sun.”

Edgy Veggie, on the other hand, doesn’t even have solar panels. Jayme says their energy costs are high year round.

“Electricity, especially, is outrageous,” she said. “I wish that the state had some sort of option with the electric companies to help support farming. We’re providing a service to the community, honestly. We’re trying to, but it might run us out of business.”

Other challenges to hydroponics include faulty pumps and timers, ventilation issues and water leaks. Like traditional farming, hydroponic farmers say it’s backbreaking work.

Advertisement

fresh365 owner Henry Krull says the hydroponic farm recently started growing mushrooms, like

fresh365 owner Henry Krull holds a box of lion’s mane. The hydroponic farm recently started growing mushrooms alongside its greens and herbs.

But, for farmers like Taylor Lewis, offering fresh and local produce year round is a labor of love.

“Being able to supply our community with anything fresh is great,” Taylor said. “What we have as options in the grocery store – it’s not cutting it.”

“These belong in every community,” Krull said. “We’ve been able to prove that as a business model, it works. You can make a profit doing it, you can provide a good service to your community, and I think we can really do good for our community by providing something that is not readily available on a year-round basis.”

According to the U.S Department of Agriculture, only 5% of food Alaskans consume is grown locally. The state also has very short growing seasons.

Advertisement





Source link

Continue Reading

Alaska

Nature: Northern Lights above Alaska

Published

on

Nature: Northern Lights above Alaska


Nature: Northern Lights above Alaska – CBS News

Watch CBS News


We leave you this Sunday morning in the spirit of Christmas, with the northern lights in skies above Alaska. Videographer: Michael Clark.

Advertisement

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Source link

Advertisement
Continue Reading

Alaska

Riding the rails with Santa on the Alaska Railroad Holiday Train

Published

on

Riding the rails with Santa on the Alaska Railroad Holiday Train


ANCHORAGE, Alaska (KTUU) – It’s not the Polar Express, exactly, but families rode a train with Santa and his elves for a festive family event.

The Holiday Train is one of several event-oriented train rides hosted by Alaska Railroads. The train made three holiday runs in the month of December, this Saturday was it’s last. Tickets to ride were completely sold out for both the afternoon and evening ride.

Passengers sang carols and shared snacks on the two and a half hour ride, but one special passenger aboard the train was a real Christmas celebrity. Santa Claus accompanied riders on their trip as they enjoyed entertainment by a magician, and left the train with holiday-themed balloon animals.

The train pulled into the Anchorage depot after it’s tour, each end of the locomotive decorated in holiday lights.

Advertisement

The Johnsons, a family of four who just disembarked from the train, said 2024 was their second year on the holiday train. Addie, 9, said there was a lot of entertainment and she hopes to eventually come again. Her younger brother Liam said he got to meet Santa while riding, and would like a toy truck for Christmas.

See a spelling or grammar error? Report it to web@ktuu.com



Source link

Advertisement
Continue Reading

Trending