LDR Capital Management LLC Boosts Holdings in UMH Properties, Inc. $UMH

LDR Capital Management LLC grew its holdings in UMH Properties, Inc. (NYSE:UMH) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 138,168 shares of the real estate investment trust’s stock after buying an additional 1,691 shares during the period. UMH Properties makes up 3.0% of LDR Capital Management LLC’s holdings, making the stock its 14th biggest holding. LDR Capital Management LLC’s holdings in UMH Properties were worth $2,320,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UMH. KBC Group NV acquired a new stake in shares of UMH Properties in the first quarter worth $32,000. Stone House Investment Management LLC acquired a new stake in UMH Properties in the 1st quarter valued at $34,000. Summit Securities Group LLC purchased a new stake in shares of UMH Properties during the first quarter worth about $35,000. Cloud Capital Management LLC acquired a new position in shares of UMH Properties during the first quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC raised its stake in UMH Properties by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,000 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 2,000 shares during the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Stock Performance

Shares of UMH opened at $14.60 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 8.56 and a quick ratio of 8.56. UMH Properties, Inc. has a 12-month low of $14.37 and a 12-month high of $20.42. The business’s fifty day moving average price is $15.56 and its 200 day moving average price is $16.62. The stock has a market capitalization of $1.24 billion, a PE ratio of 104.25, a price-to-earnings-growth ratio of 2.54 and a beta of 1.05.

UMH Properties (NYSE:UMH) last released its quarterly 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 business had revenue of $66.64 million for the quarter, compared to the consensus estimate of $66.07 million. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. Equities research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 17th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.2%. UMH Properties’s dividend payout ratio is 642.86%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cantor Fitzgerald started coverage on shares of UMH Properties in a report on Wednesday. They set a “neutral” rating and a $15.00 price target for the company. Wedbush upgraded shares of UMH Properties to a “hold” rating in a research note on Wednesday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a report on Saturday, September 27th. Finally, Wall Street Zen lowered UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. 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, the stock presently has a consensus rating of “Hold” and an average price target of $18.50.

Insider Transactions at UMH Properties

In related news, Director Michael P. Landy acquired 10,000 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were bought at an average price of $14.46 per share, for a total transaction of $144,600.00. Following the acquisition, the director owned 362,052 shares in the company, valued at $5,235,271.92. This trade represents a 2.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Edward Mitchell sold 75,849 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.32, for a total transaction of $1,237,855.68. Following the completion of the sale, the director directly owned 41,368 shares in the company, valued at approximately $675,125.76. The trade was a 64.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,249 shares of company stock valued at $2,491,728 over the last 90 days. Company insiders own 8.77% of the company’s stock.

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.