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

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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.

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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

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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.

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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, Inc. (NYSE:UMH – Free Report).

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



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VIDEO: World’s first wingsuit skydive through Alaska’s northern lights

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VIDEO: World’s first wingsuit skydive through Alaska’s northern lights


ANCHORAGE, Alaska (KTUU) – Three men completed a world’s first above Palmer’s night sky, wingsuiting through Alaska’s aurora borealis while catching it all on video.

Jeff Provenzano and Jon Devore jumped together in darkness, along with photographer Mike Brewer.

According to Red Bull, with the help of Red Bull Airforce, a one-shot moment was captured amidst -40°F temperature, pitch-black landscape and a disappearing Northern Lights — all while the photographer was moving as 100MPH.

“It was pretty much the coldest temperature that I ever jumped in,” Provenzano said.

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Alaska skydiver returns to sky after crash

Devore’s first jump was in Juneau as a teenager.

“My very first jump was in Juneau and that’s when the addiction set in and I realized I wanted to do that with my life,” Devore said.

He spent three decades skydiving until 2021, when a crash changed everything.

“I had a really bad crash, completely severed my spine in half, open book pelvic fracture, the list goes on,” Devore said. “Was told I’d never walk again, definitely never skydive again.”

Devore said he chose to prove doctors wrong.

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“It was a better state of mind for me to be in a, I’m going to prove them wrong instead of accept what I’m being told,” he said.

Teammate completes 50-state mission

Provenzano had his own mission: skydive in all 50 states. Alaska was the last one, and he said he wasn’t going without Devore.

“He couldn’t go to Alaska without Alaska John,” Devore said.

Devore said he didn’t know if he would jump or provide ground support.

“Whether I went there as just ground support and encouraged him jumping or if a miracle happened and I was able to jump with him, who knew back then?” Devore said. “But as miracles go, it happened.”

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The two men jumped together above Palmer with photographer Mike Brewer.

“That jump, I actually had a moment where I could truly take a second to look at what was going on and appreciate it,” Provenzano said. “And it was definitely a wow moment.”

For Provenzano, Alaska completed his 50-state goal.

“Alaska was truly the last frontier for me,” Provenzano said. “I just, I was actually really sad. I felt very depressed when I was flying out of there.”

Devore said the experience reinforced the importance of support.

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“Surrounding yourself with the right group of people is very important,” Devore said. “People that believe in you and encouraging you to push through barriers that you’re being told aren’t breakable. Even if you don’t achieve the summit, sometimes just getting halfway to it is more than you’re being told you could do.”

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



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Alaska

How selling Alaska in 1867 was a costly mistake for Russia | World News – The Times of India

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How selling Alaska in 1867 was a costly mistake for Russia | World News – The Times of India


In 1867, Russia’s decision to sell Alaska to America turned out to be a historic mistake that was to go unnoticed for years to come. The sum paid by the US was only $7,200,000. Although, in the light of the circumstances at the time, it appeared logical, retrospectively, the act looks extremely shortsighted. Russia found itself economically constrained, geographically far away from the region and fearful of its falling into the hands of the British without any compensation. In reality, however, the region had proved immensely valuable both strategically and naturally.

Why Russia agreed to the Alaska purchase

The choice of selling Alaska was based on economic and political reasons. By the middle of the 19th century, the Russian Empire experienced financial difficulties as a result of the expensive Crimean War. It had become increasingly hard for the country to manage such remote and thinly populated areas as Alaska.According to EBSCO, “the Russian-American Company was in decline, and the colony failed to yield any profit”. In addition to this, the lucrative fur trade had declined, making the territory much less economically valuable for the empire.At the same time, Russia was afraid that Britain might capture Alaska in case another war broke out between the two countries. Selling the colony to the friendly United States appeared as a logical step. As the Office of the Historian states, William H. Seward, U.S. Secretary of State, “it was a chance to expand its influence in North America and hinder further growth of Britain”.For Russia, the transaction was a chance to minimise the losses. However, it greatly undervalued the potential of Alaska.

The hidden wealth Russia gave away

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Another thing that Russia did not expect was the amount of riches that Alaska possessed. Within several decades after the acquisition, the state saw discoveries of enormous deposits of gold, oil, and other minerals.“Alaska has produced more than 40 million ounces of gold,” according to the US Geological Survey. Furthermore, Alaska is home to some of the world’s most significant undeveloped mineral deposits, according to the U.S. Geological Survey (USGS). But even more importantly, the state’s oil deposits turned out to be extremely valuable. The Prudhoe Bay oil field was discovered in 1968 and became one of North America’s biggest.In retrospect, the amount paid by the Americans, $7.2 million, or two cents per acre, was rather laughable. According to Howard I. Kushner, the deal “robbed Russia of an enormously rich territory, the true value of which would only be recognised in the twentieth century.”

Strategic and geopolitical consequences

In addition to resources, there is the question of strategy and how important Alaska is to the United States from a strategic standpoint. This is a very good place when it comes to defence strategy. It borders on the Arctic Ocean and also happens to be close to Russia.During the period of the Cold War, the Alaskan region became a frontier area for the United States, becoming home to military facilities and warning systems.According to Col. Michael J. Forsyth, U.S. Army, the closeness of Russia and Alaska, only about ninety kilometres apart across the Bering Strait, meant that this region became highly significant to the United States’ defence plans.From today’s point of view, the strategic location of Alaska makes the state very important to the policies of the U.S. related to the Arctic, energy security, and even environmental policies.Thinking back, what seems clear to us now is that the Russians sold Alaska due to immediate needs rather than future considerations. In order to solve the problem, they lost a valuable resource for Russia.Conclusively, the Alaska Purchase should not have been done as it has had a significant impact that will remain throughout history.



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Opinion: Why Alaska may point to the future of independent politics

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Opinion: Why Alaska may point to the future of independent politics


The U.S. Capitol in Washington. (AP Photo/Tom Brenner)

The center of American politics is not in Alaska. Yet while the Last Frontier is far from pundits’ minds, it may now represent our political future as Bristol Bay fisherman and retired educator Bill Hill emerged as the independent challenger to Rep. Nick Begich III.

Bill Hill has described himself as both “pro-choice” and “pro-gun,” a unique blend that perfectly fits Alaska’s unique politics. Alaskans now have a chance to consider what independent representation can look like when it’s grounded in local experience rather than party loyalty. And for the rest of the country, Hill’s candidacy is worth watching. It suggests that the next phase of American politics may not come from the party leadership, but from candidates who defy easy labels and appeal to voters exhausted by ideological rigidity.

A commercial fisherman and educator, named Alaska’s 2023 Superintendent of the Year, Hill is the kind of candidate with deep roots, allowing him to understand the complexities and nuances of the state’s voters. While independents usually face an uphill battle getting elected, Alaska employs ranked choice voting — a system that can help independent candidates who aren’t relying on party affiliation to carry them in a general election.

The blossoming independent movement that Hill represents is driven by widespread dissatisfaction with both Republicans and Democrats. In February, for instance, Gallup noted that a new high of 45% of respondents self-identified as independents.

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Until recently, “independent” was a nebulous term. This explains why political scientists and party operatives have long treated them as “leaners.” But this is no longer the case. Gallup’s poll highlights the fact that independents are beginning to see themselves as independents, not just swing voters.

Recent polling conducted by Independent Center Voice reports that 76% of voters would vote for a “strong, well-funded independent candidate.” For decades, Americans have yearned for more independent voices, but haven’t had strong candidates to stand behind.

In Alaska, that’s no longer the case.

Hill’s official campaign website notes three primary concerns: lowering costs, fighting corruption in Washington, D.C., and protecting Alaska’s way of life. These are exactly in line with what the majority of independent voters are concerned with. Polling conducted by the Independent Center in October found that jobs, the economy and affordability ranked as the top concerns that respondents wanted their local government representatives to focus on.

Hill’s candidacy for Alaska’s House seat represents the new heights a viable and targeted independent effort can achieve. While an independent, nonpartisan message won’t work everywhere, in certain districts and states, it’s the pitch-perfect message that can rejuvenate an electorate exhausted by gridlock and partisan politics.

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This year marks a new era for independents. Rather than labeling themselves as independents just for the sake of protesting the dysfunction of both Republicans and Democrats, the title now stands for pragmatism and common-sense. What’s more, 2026 is the election cycle when independents can throw their support behind viable and legitimate candidates with a path to victory.

Hill’s candidacy is the first in a new wave of independent candidates seeking office, drawn to service but turned off by partisanship. This is good for our country. Congressional leaders are elected to serve their districts, not party bosses that expect voters to fall in line.

Polling notes that while Americans are optimistic about their personal lives, they’re pessimistic about the state of politics. But this can change if more people like Hill answer the call to service. Imagine the change in our political psyche if the majority of Americans could point to their member of Congress in Washington, D.C., and boldly proclaim, “That person represents me and my family.”

In the end, the question is simple. For Alaskans, it’s whether they want representation shaped by local experience rather than party loyalty. For the rest of the country, it’s whether this model — pragmatic, independent and rooted in place — can be replicated elsewhere.

Either way, what’s happening in Alaska deserves close attention.

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Adam Brandon is the senior adviser to the Independent Center, a nonprofit organization of political independents.

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