IFM Investors Pty Ltd Sells 2,000 Shares of UMH Properties, Inc. $UMH

IFM Investors Pty Ltd cut its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 13.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,517 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. IFM Investors Pty Ltd’s holdings in UMH Properties were worth $210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GF Fund Management CO. LTD. bought a new stake in UMH Properties during the fourth quarter valued at about $26,000. KBC Group NV bought a new stake in shares of UMH Properties in the first quarter worth about $32,000. Stone House Investment Management LLC bought a new stake in shares of UMH Properties in the first quarter worth about $34,000. Summit Securities Group LLC bought a new stake in shares of UMH Properties in the first quarter worth about $35,000. Finally, Cloud Capital Management LLC bought a new stake in shares of UMH Properties in the first quarter worth about $37,000. 75.40% of the stock is owned by institutional investors.

UMH Properties Price Performance

Shares of UMH stock opened at $15.01 on Wednesday. UMH Properties, Inc. has a twelve month low of $14.75 and a twelve month high of $20.42. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 107.18, a P/E/G ratio of 2.60 and a beta of 1.07. The stock has a fifty day simple moving average of $15.92 and a two-hundred day simple moving average of $16.82. 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 (NYSE:UMH) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $66.64 million for the quarter, compared to analysts’ expectations of $66.07 million. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%. On average, analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, August 15th. UMH Properties’s dividend payout ratio is presently 642.86%.

Insider Activity at UMH Properties

In other news, Director Angela D. Pruitt sold 1,600 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $16.06, for a total transaction of $25,696.00. Following the sale, the director directly owned 9,905 shares of the company’s stock, valued at $159,074.30. This represents a 13.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Samuel A. Landy sold 45,700 shares of the 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 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 ownership of the stock. 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 ninety days. Company insiders own 8.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on UMH. Wall Street Zen cut UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Wedbush raised UMH Properties to a “hold” rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus 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.