Vert Asset Management LLC Raises Stock Position in UMH Properties, Inc. (NYSE:UMH)

Vert Asset Management LLC raised its position in UMH Properties, Inc. (NYSE:UMH) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,268 shares of the real estate investment trust’s stock after purchasing an additional 5,670 shares during the quarter. Vert Asset Management LLC’s holdings in UMH Properties were worth $590,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in UMH Properties in the third quarter worth approximately $675,000. Concurrent Investment Advisors LLC purchased a new position in shares of UMH Properties during the 3rd quarter worth $614,000. Barclays PLC increased its position in shares of UMH Properties by 101.1% during the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after purchasing an additional 80,660 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in UMH Properties by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock valued at $18,505,000 after buying an additional 56,662 shares during the period. Finally, State Street Corp lifted its position in UMH Properties by 44.5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after buying an additional 863,089 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Insider Buying and Selling

In related news, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the transaction, the director now directly owns 7,993 shares of the company’s stock, valued at $153,945.18. This represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Samuel A. Landy sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the completion of the transaction, the chief executive officer now owns 1,104,826 shares in the company, valued at $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,845 shares of company stock worth $1,051,210 over the last 90 days. 8.63% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UMH. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Wedbush reiterated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, UMH Properties presently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

UMH Properties Trading Up 2.0 %

NYSE UMH opened at $18.34 on Tuesday. UMH Properties, Inc. has a one year low of $14.09 and a one year high of $20.64. The firm has a 50 day simple moving average of $18.83 and a 200-day simple moving average of $18.91. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 141.05, a PEG ratio of 2.98 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The company had revenue of $60.67 million during the quarter, compared to analyst estimates of $61.57 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. Equities research analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be issued a $0.215 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.69%. UMH Properties’s dividend payout ratio (DPR) is 661.59%.

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.