Envestnet Asset Management Inc. Boosts Holdings in UMH Properties, Inc. (NYSE:UMH)

Envestnet Asset Management Inc. lifted its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,293 shares of the real estate investment trust’s stock after buying an additional 1,047 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.53% of UMH Properties worth $8,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of UMH Properties by 1,011.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,456 shares during the period. Swiss National Bank boosted its holdings in shares of UMH Properties by 12.4% during 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. Teacher Retirement System of Texas raised its stake in shares of UMH Properties by 169.6% during the fourth quarter. Teacher Retirement System of Texas now owns 198,760 shares of the real estate investment trust’s stock valued at $3,753,000 after purchasing an additional 125,036 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of UMH Properties by 107.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,341 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 12,088 shares in the last quarter. Finally, Summit Global Investments bought a new stake in shares of UMH Properties during the fourth quarter valued at about $258,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insider Buying and Selling at UMH Properties

In other news, CEO Samuel A. Landy sold 25,000 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $16.87, for a total transaction of $421,750.00. Following the completion of the sale, the chief executive officer directly owned 1,140,265 shares in the company, valued at approximately $19,236,270.55. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Edward Mitchell sold 39,974 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.94, for a total value of $677,159.56. Following the sale, the director owned 115,627 shares of the company’s stock, valued at approximately $1,958,721.38. The trade was a 25.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 160,826 shares of company stock valued at $2,745,314 over the last 90 days. 8.77% of the stock is currently owned by corporate insiders.

UMH Properties Price Performance

Shares of UMH opened at $16.96 on Tuesday. UMH Properties, Inc. has a 1 year low of $15.74 and a 1 year high of $20.64. The company has a current ratio of 6.98, a quick ratio of 6.98 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1.43 billion, a P/E ratio of 141.31, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The stock’s 50-day moving average price is $16.90 and its two-hundred day moving average price is $17.57.

UMH Properties (NYSE:UMH) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. UMH Properties had a return on equity of 5.14% and a net margin of 11.51%. The company had revenue of $61.23 million during the quarter, compared to the consensus estimate of $62.82 million. On average, equities analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.90 annualized dividend and a yield of 5.31%. UMH Properties’s dividend payout ratio (DPR) is presently 750.00%.

Analyst Ratings Changes

Several research firms have issued reports on UMH. Maxim Group cut their price objective on UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a report on Monday, May 5th. Wedbush raised UMH Properties to a “hold” rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded UMH Properties from a “hold” rating to a “sell” rating in a report on Friday. Finally, B. Riley reiterated a “buy” rating on shares of UMH Properties in a report on Tuesday, May 13th.

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.