Metis Global Partners LLC Acquires Shares of 12,907 UMH Properties, Inc. $UMH

Metis Global Partners LLC acquired a new position in UMH Properties, Inc. (NYSE:UMH) in the second quarter, HoldingsChannel.com reports. The fund acquired 12,907 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Several other hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of UMH Properties during the 1st quarter valued at about $19,209,000. Alliancebernstein L.P. boosted its position in UMH Properties by 1,091.0% during the first quarter. Alliancebernstein L.P. now owns 896,183 shares of the real estate investment trust’s stock worth $16,759,000 after purchasing an additional 820,934 shares in the last quarter. Strs Ohio grew its holdings in UMH Properties by 3,361.8% in the second quarter. Strs Ohio now owns 470,800 shares of the real estate investment trust’s stock valued at $7,905,000 after purchasing an additional 457,200 shares during the period. McIlrath & Eck LLC increased its position in shares of UMH Properties by 161.3% in the first quarter. McIlrath & Eck LLC now owns 266,398 shares of the real estate investment trust’s stock valued at $4,982,000 after buying an additional 164,465 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of UMH Properties by 71.9% during the 1st quarter. Russell Investments Group Ltd. now owns 366,810 shares of the real estate investment trust’s stock worth $6,859,000 after buying an additional 153,470 shares during the period. 75.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

UMH Properties Stock Up 0.1%

NYSE UMH opened at $15.17 on Friday. The business has a fifty day moving average price of $14.73 and a 200 day moving average price of $16.01. 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 company has a market cap of $1.29 billion, a P/E ratio of 108.36, a P/E/G ratio of 2.49 and a beta of 1.06. UMH Properties, Inc. has a one year low of $13.95 and a one year high of $20.03.

UMH Properties (NYSE:UMH) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The company had revenue of $66.92 million for the quarter, compared to analysts’ expectations of $68.70 million. Research analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be given a dividend of $0.225 per share. The ex-dividend date is Monday, November 17th. This represents a $0.90 dividend on an annualized basis and a yield of 5.9%. UMH Properties’s payout ratio is presently 1,125.00%.

Insider Buying and Selling at UMH Properties

In other news, CEO Samuel A. Landy sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $14.19, for a total value of $283,800.00. Following the completion of the sale, the chief executive officer directly owned 1,054,568 shares in the company, valued at $14,964,319.92. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Edward Mitchell sold 2,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $15.00, for a total value of $30,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders purchased 10,743 shares of company stock worth $155,097 and sold 55,700 shares worth $818,192. Corporate 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.