UMH Properties, Inc. $UMH Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in UMH Properties, Inc. (NYSE:UMH) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,300 shares of the real estate investment trust’s stock after selling 1,500 shares during the quarter. Swiss National Bank owned approximately 0.17% of UMH Properties worth $2,717,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Avantax Advisory Services Inc. increased its holdings in shares of UMH Properties by 2.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust’s stock valued at $491,000 after acquiring an additional 671 shares during the last quarter. Deutsche Bank AG boosted its holdings in UMH Properties by 0.8% in the first quarter. Deutsche Bank AG now owns 82,605 shares of the real estate investment trust’s stock valued at $1,545,000 after purchasing an additional 682 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in UMH Properties by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust’s stock valued at $883,000 after purchasing an additional 918 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in UMH Properties by 5.0% during the first quarter. Nisa Investment Advisors LLC now owns 22,380 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 1,065 shares in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in UMH Properties during the fourth quarter worth approximately $26,000. 75.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at UMH Properties

In other news, Director William Edward Mitchell sold 75,849 shares of the firm’s stock in a transaction 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 owned 41,368 shares in the company, valued at approximately $675,125.76. This trade represents a 64.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Samuel A. Landy sold 45,700 shares of UMH Properties stock in a transaction dated 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 directly owned 1,101,283 shares in the company, valued at approximately $18,061,041.20. The trade was a 3.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,549 shares of company stock valued at $2,409,086 in the last 90 days. Company insiders own 8.77% of the company’s stock.

UMH Properties Stock Up 2.2%

UMH opened at $16.0150 on Friday. UMH Properties, Inc. has a 52 week low of $15.46 and a 52 week high of $20.64. The business has a 50 day moving average price of $16.66 and a two-hundred day moving average price of $17.28. The company has a quick ratio of 8.56, a current ratio of 8.56 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.36 billion, a PE ratio of 114.39, a P/E/G ratio of 2.66 and a beta of 1.13.

UMH Properties (NYSE:UMH) last released 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). UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The company had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.07 million. As a group, research analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given 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 5.6%. UMH Properties’s dividend payout ratio is presently 642.86%.

UMH Properties 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.