Nisa Investment Advisors LLC Acquires 1,065 Shares of UMH Properties, Inc. (NYSE:UMH)

Nisa Investment Advisors LLC increased its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,380 shares of the real estate investment trust’s stock after purchasing an additional 1,065 shares during the quarter. Nisa Investment Advisors LLC’s holdings in UMH Properties were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Swiss National Bank lifted its holdings in UMH Properties by 12.4% in the fourth quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust’s stock valued at $2,772,000 after acquiring an additional 16,200 shares during the period. Cherry Creek Investment Advisors Inc. bought a new position in UMH Properties in the first quarter valued at about $675,000. KBC Group NV bought a new position in UMH Properties in the first quarter valued at about $32,000. Geode Capital Management LLC lifted its holdings in UMH Properties by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust’s stock valued at $34,719,000 after acquiring an additional 134,761 shares during the period. Finally, Deutsche Bank AG lifted its holdings in UMH Properties by 28.9% in the fourth quarter. Deutsche Bank AG now owns 81,923 shares of the real estate investment trust’s stock valued at $1,547,000 after acquiring an additional 18,375 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Insider Transactions at UMH Properties

In other UMH Properties news, Director William Edward Mitchell sold 39,974 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $16.94, for a total transaction of $677,159.56. Following the sale, the director directly owned 115,627 shares of the company’s stock, valued at $1,958,721.38. This trade represents a 25.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $16.87, for a total transaction of $421,750.00. Following the transaction, the chief executive officer directly owned 1,140,265 shares of the company’s stock, valued at $19,236,270.55. This trade represents a 2.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,826 shares of company stock worth $2,745,314. Insiders own 8.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen raised UMH Properties from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Maxim Group cut their price target on UMH Properties from $22.00 to $20.50 and set a “buy” rating for the company in a report on Monday, May 5th. Wedbush raised UMH Properties to a “hold” rating in a report on Wednesday, July 2nd. Finally, B. Riley reissued a “buy” rating on shares of UMH Properties in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, UMH Properties presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

UMH Properties Stock Performance

NYSE:UMH opened at $16.93 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.98 and a current ratio of 6.98. The stock has a 50-day simple moving average of $16.91 and a two-hundred day simple moving average of $17.61. The firm has a market capitalization of $1.42 billion, a PE ratio of 141.05, a P/E/G ratio of 2.79 and a beta of 1.10. UMH Properties, Inc. has a 52-week low of $15.74 and a 52-week high of $20.64.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $61.23 million for the quarter, compared to analysts’ expectations of $62.82 million. UMH Properties had a return on equity of 5.14% and a net margin of 11.51%. Analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, August 15th. This represents a $0.90 dividend on an annualized basis and a yield of 5.32%. UMH Properties’s dividend payout ratio is presently 750.00%.

About UMH Properties

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.