Pensionfund DSM Netherlands Trims Position in UMH Properties, Inc. $UMH

Pensionfund DSM Netherlands lessened its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 8.4% during the first quarter, HoldingsChannel reports. The firm owned 43,900 shares of the real estate investment trust’s stock after selling 4,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in UMH Properties were worth $821,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new position in shares of UMH Properties during the 4th quarter worth $26,000. KBC Group NV purchased a new position in shares of UMH Properties during the 1st quarter worth $32,000. Stone House Investment Management LLC purchased a new position in shares of UMH Properties during the 1st quarter worth $34,000. Summit Securities Group LLC purchased a new position in shares of UMH Properties during the 1st quarter worth $35,000. Finally, Cloud Capital Management LLC purchased a new position in shares of UMH Properties during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Insider Activity at UMH Properties

In related news, Director Angela D. Pruitt sold 1,600 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $16.06, for a total value of $25,696.00. Following the completion of the sale, the director directly owned 9,905 shares in the company, valued at approximately $159,074.30. This represents a 13.91% decrease in their position. 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 10,000 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $15.25, for a total value of $152,500.00. Following the completion of the sale, the chief executive officer owned 1,091,283 shares of the company’s stock, valued at approximately $16,642,065.75. This represents a 0.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 133,149 shares of company stock worth $2,165,532. Corporate insiders own 8.77% of the company’s stock.

Wall Street Analyst Weigh In

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

UMH Properties Trading Down 0.4%

UMH stock opened at $15.20 on Friday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 108.56, a PEG ratio of 2.59 and a beta of 1.07. 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 business has a fifty day simple moving average of $16.20 and a 200-day simple moving average of $17.00. UMH Properties, Inc. has a 52 week low of $14.76 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.07 million. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%. On average, equities research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.9%. The ex-dividend date is Friday, August 15th. UMH Properties’s dividend payout ratio is currently 642.86%.

UMH Properties Company 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.