Whittier Trust Co. Takes $37,000 Position in UMH Properties, Inc. (NYSE:UMH)

Whittier Trust Co. bought a new position in UMH Properties, Inc. (NYSE:UMHGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,500 shares of the real estate investment trust’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in UMH Properties by 97.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,509 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 3,703 shares during the last quarter. Palisade Capital Management LLC NJ acquired a new stake in UMH Properties in the 4th quarter worth approximately $205,000. DekaBank Deutsche Girozentrale acquired a new stake in UMH Properties in the 1st quarter worth approximately $219,000. Vert Asset Management LLC acquired a new stake in UMH Properties in the 4th quarter worth approximately $225,000. Finally, First Trust Advisors LP acquired a new stake in UMH Properties in the 4th quarter worth approximately $240,000. 69.02% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Stock Performance

UMH opened at $19.74 on Friday. The stock has a market cap of $1.07 billion, a PE ratio of 103.90, a P/E/G ratio of 4.55 and a beta of 1.15. The company has a current ratio of 16.65, a quick ratio of 16.65 and a debt-to-equity ratio of 2.00. UMH Properties, Inc. has a 1 year low of $16.50 and a 1 year high of $27.50. The stock’s 50 day simple moving average is $18.67 and its 200-day simple moving average is $21.92.

UMH Properties (NYSE:UMHGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.30). UMH Properties had a net margin of 21.44% and a return on equity of 16.45%. During the same period in the prior year, the firm earned $0.20 EPS. Sell-side analysts forecast that UMH Properties, Inc. will post 0.87 EPS for the current year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, August 12th. UMH Properties’s dividend payout ratio is 421.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. B. Riley reduced their target price on UMH Properties from $27.00 to $26.00 and set a “buy” rating for the company in a report on Monday, May 9th. Compass Point set a $26.50 price target on UMH Properties in a research report on Monday, June 20th. Maxim Group reaffirmed a “buy” rating and issued a $28.00 price target on shares of UMH Properties in a research report on Friday, May 6th. Finally, StockNews.com assumed coverage on UMH Properties in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, UMH Properties currently has an average rating of “Moderate Buy” and a consensus target price of $27.33.

Insider Activity at UMH Properties

In related news, Director Kenneth K. Quigley, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were acquired at an average price of $19.35 per share, with a total value of $48,375.00. Following the purchase, the director now directly owns 19,865 shares in the company, valued at $384,387.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other UMH Properties news, Director Kenneth K. Quigley, Jr. acquired 3,500 shares of UMH Properties stock in a transaction on Friday, May 13th. The shares were bought at an average price of $18.81 per share, with a total value of $65,835.00. Following the completion of the purchase, the director now owns 17,365 shares in the company, valued at $326,635.65. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth K. Quigley, Jr. acquired 2,500 shares of UMH Properties stock in a transaction on Monday, May 16th. The stock was acquired at an average cost of $19.35 per share, for a total transaction of $48,375.00. Following the purchase, the director now owns 19,865 shares of the company’s stock, valued at approximately $384,387.75. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,115 shares of company stock valued at $116,219 in the last 90 days. 10.95% of the stock is owned by corporate insiders.

About UMH Properties

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UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 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 (NYSE:UMH)

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