UMH Properties, Inc. $UMH Shares Acquired by Aberdeen Group plc

Aberdeen Group plc grew its holdings in UMH Properties, Inc. (NYSE:UMH) by 13.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,626 shares of the real estate investment trust’s stock after buying an additional 2,494 shares during the period. Aberdeen Group plc’s holdings in UMH Properties were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Ulland Investment Advisors LLC raised its position in shares of UMH Properties by 220.6% in the second quarter. Ulland Investment Advisors LLC now owns 28,915 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 19,895 shares during the last quarter. LDR Capital Management LLC raised its position in shares of UMH Properties by 1.2% in the second quarter. LDR Capital Management LLC now owns 138,168 shares of the real estate investment trust’s stock valued at $2,320,000 after buying an additional 1,691 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of UMH Properties by 9.1% in the second quarter. State of Alaska Department of Revenue now owns 37,849 shares of the real estate investment trust’s stock valued at $634,000 after buying an additional 3,153 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of UMH Properties by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 111,394 shares of the real estate investment trust’s stock valued at $1,870,000 after buying an additional 8,260 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of UMH Properties by 4.7% in the first quarter. Inspire Investing LLC now owns 22,379 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 1,007 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UMH Properties

In other news, CEO Samuel A. Landy sold 45,700 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $16.40, for a total transaction of $749,480.00. Following the transaction, the chief executive officer directly owned 1,101,283 shares of the company’s stock, valued at $18,061,041.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Angela D. Pruitt sold 1,600 shares of the company’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 in the company, valued at approximately $159,074.30. This trade represents a 13.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 10,743 shares of company stock valued at $155,097 and sold 175,249 shares valued at $2,775,528. 8.77% of the stock is currently owned by company insiders.

UMH Properties Stock Performance

Shares of UMH opened at $14.27 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 8.56 and a current ratio of 8.56. The stock has a market capitalization of $1.21 billion, a P/E ratio of 101.89, a P/E/G ratio of 2.49 and a beta of 1.05. The company’s fifty day moving average is $15.12 and its two-hundred day moving average is $16.33. UMH Properties, Inc. has a 1 year low of $13.95 and a 1 year high of $20.42.

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 the consensus estimate of $0.25 by ($0.02). The firm had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.07 million. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. On average, sell-side analysts predict that UMH Properties, Inc. will post 0.93 earnings per share 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 dividend of $0.225 per share. 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 6.3%. UMH Properties’s dividend payout ratio is 642.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UMH. Cantor Fitzgerald began coverage on shares of UMH Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $15.00 target price for the company. Wall Street Zen cut shares of 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 note on Wednesday, October 8th. Finally, Wedbush upgraded shares of UMH Properties to a “hold” rating in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.50.

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.