UMH Properties, Inc. $UMH Stake Lifted by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its stake in UMH Properties, Inc. (NYSE:UMH) by 1,091.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 896,183 shares of the real estate investment trust’s stock after buying an additional 820,934 shares during the period. Alliancebernstein L.P. owned 1.07% of UMH Properties worth $16,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in UMH Properties by 2.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust’s stock worth $883,000 after buying an additional 918 shares in the last quarter. Bank of America Corp DE boosted its position in UMH Properties by 0.7% during the 4th quarter. Bank of America Corp DE now owns 1,144,077 shares of the real estate investment trust’s stock worth $21,600,000 after acquiring an additional 7,831 shares during the period. Deutsche Bank AG grew its stake in shares of 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 worth $1,547,000 after purchasing an additional 18,375 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of UMH Properties by 17.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,105 shares of the real estate investment trust’s stock valued at $776,000 after purchasing an additional 6,053 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of UMH Properties by 66.2% during the fourth quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 8,113 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Trading Up 1.6%

Shares of UMH opened at $15.29 on Friday. The company has a current ratio of 8.56, a quick ratio of 8.56 and a debt-to-equity ratio of 1.08. UMH Properties, Inc. has a 1-year low of $14.76 and a 1-year high of $20.64. The stock has a market capitalization of $1.30 billion, a P/E ratio of 109.18, a P/E/G ratio of 2.55 and a beta of 1.07. The business’s 50-day moving average price is $16.24 and its 200 day moving average price is $17.02.

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

UMH Properties Dividend Announcement

The firm also recently disclosed 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. This represents a $0.90 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, August 15th. UMH Properties’s dividend payout ratio is currently 642.86%.

Insider Buying and Selling at UMH Properties

In other UMH Properties news, CEO Samuel A. Landy sold 45,700 shares of UMH Properties stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $16.40, for a total transaction of $749,480.00. Following the transaction, the chief executive officer owned 1,101,283 shares of the company’s stock, valued at $18,061,041.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Edward Mitchell sold 75,849 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $16.32, for a total transaction of $1,237,855.68. Following the completion of the sale, the director owned 41,368 shares of the company’s stock, valued at approximately $675,125.76. The trade was a 64.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,149 shares of company stock valued at $2,165,532 in the last 90 days. 8.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on UMH shares. Wedbush upgraded shares of UMH Properties to a “hold” rating in a research report on Wednesday, July 2nd. Wall Street Zen cut UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.25.

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.