Public Employees Retirement System of Ohio Purchases 8,260 Shares of UMH Properties, Inc. $UMH

Public Employees Retirement System of Ohio grew its position in shares of UMH Properties, Inc. (NYSE:UMH) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,394 shares of the real estate investment trust’s stock after purchasing an additional 8,260 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.13% of UMH Properties worth $1,870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV bought a new position in UMH Properties during the 1st quarter worth approximately $32,000. Stone House Investment Management LLC bought a new position in UMH Properties during the 1st quarter worth approximately $34,000. Summit Securities Group LLC bought a new position in UMH Properties during the 1st quarter worth approximately $35,000. Cloud Capital Management LLC bought a new position in UMH Properties during the 1st quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC grew its position in UMH Properties by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 4,000 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 2,000 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research report on Saturday, September 27th. Wall Street Zen lowered UMH Properties from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Cantor Fitzgerald initiated coverage on UMH Properties in a research report on Wednesday. They set a “neutral” rating and a $15.00 price target on the stock. Finally, Wedbush upgraded 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 three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.50.

Insider Buying and Selling

In other UMH Properties news, Director Angela D. Pruitt sold 1,600 shares of UMH Properties stock in a transaction on Monday, August 25th. The stock was sold at an average price of $16.06, for a total transaction of $25,696.00. Following the completion of the transaction, the director owned 9,905 shares in the company, valued at approximately $159,074.30. The trade was a 13.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael P. Landy bought 10,000 shares of UMH Properties stock in a transaction on Monday, September 29th. The stock was acquired at an average cost of $14.46 per share, with a total value of $144,600.00. Following the acquisition, the director owned 362,052 shares in the company, valued at approximately $5,235,271.92. This represents a 2.84% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 155,249 shares of company stock worth $2,491,728 over the last three months. 8.77% of the stock is owned by corporate insiders.

UMH Properties Stock Up 0.2%

Shares of NYSE:UMH opened at $14.60 on Friday. The stock has a fifty day simple moving average of $15.56 and a two-hundred day simple moving average of $16.64. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 104.25, a PEG ratio of 2.54 and a beta of 1.05. UMH Properties, Inc. has a 12-month low of $14.37 and a 12-month high of $20.42. 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 announced its quarterly earnings data 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 company had revenue of $66.64 million for the quarter, compared to analysts’ expectations of $66.07 million. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. On average, research analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, November 17th. This represents a $0.90 dividend on an annualized basis and a yield of 6.2%. UMH Properties’s 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.