Teacher Retirement System of Texas Trims Holdings in UMH Properties, Inc. $UMH

Teacher Retirement System of Texas reduced its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,989 shares of the real estate investment trust’s stock after selling 17,571 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of UMH Properties worth $1,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UMH. KBC Group NV purchased a new position in shares of UMH Properties during the 1st quarter valued at approximately $32,000. Principal Financial Group Inc. raised its position in shares of UMH Properties by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 38,816 shares of the real estate investment trust’s stock valued at $726,000 after acquiring an additional 1,362 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of UMH Properties by 5.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 22,380 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 1,065 shares in the last quarter. Bailard Inc. raised its position in shares of UMH Properties by 11.1% during the 1st quarter. Bailard Inc. now owns 17,000 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in shares of UMH Properties during the 1st quarter valued at approximately $788,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UMH shares. Wall Street Zen lowered UMH Properties from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald started coverage on UMH Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.50.

UMH Properties Price Performance

Shares of NYSE UMH opened at $14.84 on Thursday. UMH Properties, Inc. has a 1-year low of $13.95 and a 1-year high of $20.42. The company has a debt-to-equity ratio of 1.08, a current ratio of 8.56 and a quick ratio of 8.56. The business’s fifty day moving average price is $14.76 and its two-hundred day moving average price is $16.10. The firm has a market capitalization of $1.26 billion, a PE ratio of 106.00, a P/E/G ratio of 2.49 and a beta of 1.06.

UMH Properties (NYSE:UMH) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%.The firm had revenue of $66.92 million for the quarter, compared to analyst estimates of $68.70 million. On average, research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, November 17th. UMH Properties’s dividend payout ratio (DPR) is 1,125.00%.

Insiders Place Their Bets

In other news, Director Angela D. Pruitt sold 1,600 shares of the firm’s 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 transaction, the director directly owned 9,905 shares of the company’s stock, valued at approximately $159,074.30. This trade represents a 13.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Samuel A. Landy sold 45,700 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $16.40, for a total value of $749,480.00. Following the transaction, the chief executive officer directly owned 1,101,283 shares in the company, valued at $18,061,041.20. This trade represents a 3.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders purchased 10,743 shares of company stock valued at $155,097 and sold 175,249 shares valued at $2,775,528. Company insiders own 8.77% of the company’s stock.

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.