LDR Capital Management LLC Boosts Stock Position in UMH Properties, Inc. (NYSE:UMH)

LDR Capital Management LLC raised its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 3.8% in the first quarter, Holdings Channel reports. The institutional investor owned 136,477 shares of the real estate investment trust’s stock after buying an additional 5,011 shares during the quarter. UMH Properties accounts for about 3.1% of LDR Capital Management LLC’s holdings, making the stock its 12th biggest position. LDR Capital Management LLC’s holdings in UMH Properties were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in UMH. Ulland Investment Advisors LLC lifted its holdings in shares of UMH Properties by 130.4% during the first quarter. Ulland Investment Advisors LLC now owns 9,020 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 5,105 shares in the last quarter. Vert Asset Management LLC boosted its position in shares of UMH Properties by 19.3% during the first quarter. Vert Asset Management LLC now owns 37,318 shares of the real estate investment trust’s stock valued at $698,000 after buying an additional 6,050 shares during the last quarter. Summit Global Investments boosted its position in shares of UMH Properties by 26.2% during the first quarter. Summit Global Investments now owns 17,255 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 3,578 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of UMH Properties by 3,585.3% during the first quarter. GAMMA Investing LLC now owns 6,265 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 6,095 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of UMH Properties by 10.2% during the fourth quarter. California State Teachers Retirement System now owns 69,547 shares of the real estate investment trust’s stock valued at $1,313,000 after buying an additional 6,425 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UMH shares. B. Riley reaffirmed a “buy” rating on shares of UMH Properties in a research report on Tuesday, May 13th. Maxim Group dropped their price objective on UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, May 5th. Finally, Wall Street Zen raised UMH Properties from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.00.

UMH Properties Stock Down 1.4%

NYSE UMH opened at $16.63 on Wednesday. The stock’s 50-day moving average price is $17.07 and its 200-day moving average price is $17.93. The company has a quick ratio of 6.98, a current ratio of 6.98 and a debt-to-equity ratio of 1.02. UMH Properties, Inc. has a 52 week low of $15.34 and a 52 week high of $20.64. The company has a market capitalization of $1.40 billion, a P/E ratio of 138.59, a price-to-earnings-growth ratio of 2.80 and a beta of 1.12.

UMH Properties (NYSE:UMH) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $61.23 million for the quarter, compared to the consensus estimate of $62.82 million. UMH Properties had a return on equity of 5.14% and a net margin of 11.51%. On average, equities research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Thursday, May 15th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.41%. The ex-dividend date was Thursday, May 15th. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. UMH Properties’s dividend payout ratio (DPR) is 750.00%.

Insider Activity at UMH Properties

In other news, Director William Edward Mitchell sold 70,852 shares of UMH Properties stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the completion of the transaction, the director now owns 215,427 shares in the company, valued at approximately $3,705,344.40. The trade was a 24.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $17.11, for a total value of $427,750.00. Following the completion of the transaction, the chief executive officer now owns 1,165,265 shares of the company’s stock, valued at approximately $19,937,684.15. This trade represents a 2.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 160,826 shares of company stock valued at $2,745,314. 8.77% of the stock is owned by company insiders.

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.