UMH Properties, Inc. $UMH Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in UMH Properties, Inc. (NYSE:UMH) by 0.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,523,546 shares of the real estate investment trust’s stock after purchasing an additional 17,084 shares during the period. Vanguard Group Inc. owned about 8.95% of UMH Properties worth $140,690,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of UMH Properties in the 1st quarter worth approximately $407,000. Avantax Advisory Services Inc. boosted its holdings in shares of UMH Properties by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 671 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of UMH Properties in the first quarter worth about $788,000. Bailard Inc. boosted its holdings in shares of UMH Properties by 11.1% in the first quarter. Bailard Inc. now owns 17,000 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 1,700 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of UMH Properties by 5.0% in the first quarter. Nisa Investment Advisors LLC now owns 22,380 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 1,065 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insider Buying and Selling

In other UMH Properties news, Director William Edward Mitchell sold 75,849 shares of UMH Properties stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.32, for a total value of $1,237,855.68. Following the completion of the sale, the director directly owned 41,368 shares in the company, valued at $675,125.76. The trade was a 64.71% 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 45,700 shares of UMH Properties stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $16.40, for a total transaction of $749,480.00. Following the completion of the sale, the chief executive officer owned 1,101,283 shares of the company’s stock, valued at $18,061,041.20. This trade represents a 3.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,549 shares of company stock valued at $2,409,086 over the last quarter. Corporate insiders own 8.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on UMH shares. Wedbush upgraded shares of UMH Properties to a “hold” rating in a report on Wednesday, July 2nd. Wall Street Zen cut shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. B. Riley reiterated a “buy” rating on shares of UMH Properties in a report on Tuesday, May 13th. Finally, Maxim Group decreased their target price on shares of UMH Properties from $22.00 to $20.50 and set a “buy” rating for the company in a report on Monday, May 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, UMH Properties currently has a consensus rating of “Moderate Buy” and an average target price of $20.25.

UMH Properties Stock Performance

UMH stock opened at $15.6150 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 8.56 and a current ratio of 8.56. The stock has a market cap of $1.33 billion, a P/E ratio of 111.54, a P/E/G ratio of 2.68 and a beta of 1.13. The firm has a 50 day simple moving average of $16.70 and a 200 day simple moving average of $17.31. UMH Properties, Inc. has a 52 week low of $15.59 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.07 million. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. Research analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a $0.225 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.90 dividend on an annualized basis and a yield of 5.8%. UMH Properties’s payout ratio is 642.86%.

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.