UMH Properties, Inc. (NYSE:UMH) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 0.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 434,293 shares of the real estate investment trust’s stock after purchasing an additional 1,047 shares during the quarter. Envestnet Asset Management Inc. owned about 0.53% of UMH Properties worth $8,121,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new stake in UMH Properties during the fourth quarter worth approximately $26,000. Farther Finance Advisors LLC raised its holdings in 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 worth $30,000 after purchasing an additional 1,456 shares in the last quarter. KBC Group NV acquired a new stake in UMH Properties during the first quarter worth approximately $32,000. Sterling Capital Management LLC raised its holdings in UMH Properties by 861.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,748 shares in the last quarter. Finally, Cloud Capital Management LLC acquired a new stake in UMH Properties during the first quarter worth approximately $37,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Price Performance

Shares of UMH opened at $16.96 on Tuesday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 141.31, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.98 and a current ratio of 6.98. UMH Properties, Inc. has a one year low of $15.74 and a one year high of $20.64. The stock’s fifty day moving average is $16.90 and its 200-day moving average is $17.57.

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

UMH Properties Announces Dividend

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

Insider Buying and Selling at UMH Properties

In other 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Samuel A. Landy sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $16.87, for a total value of $421,750.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,826 shares of company stock valued at $2,745,314. 8.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

UMH Properties Company Profile

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.