LDR Capital Management LLC Buys 1,691 Shares of UMH Properties, Inc. $UMH

LDR Capital Management LLC increased its position in shares of UMH Properties, Inc. (NYSE:UMH) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,168 shares of the real estate investment trust’s stock after purchasing an additional 1,691 shares during the period. UMH Properties comprises about 3.0% of LDR Capital Management LLC’s investment portfolio, making the stock its 14th largest position. LDR Capital Management LLC owned about 0.16% of UMH Properties worth $2,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its stake in shares of UMH Properties by 1.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,324,531 shares of the real estate investment trust’s stock valued at $99,569,000 after acquiring an additional 73,196 shares during the last quarter. American Century Companies Inc. lifted its holdings in UMH Properties by 0.5% during the first quarter. American Century Companies Inc. now owns 2,105,608 shares of the real estate investment trust’s stock worth $39,375,000 after acquiring an additional 10,602 shares in the last quarter. Northern Trust Corp increased its position in shares of UMH Properties by 4.2% during the first quarter. Northern Trust Corp now owns 1,229,968 shares of the real estate investment trust’s stock worth $23,000,000 after acquiring an additional 49,040 shares in the last quarter. Nuveen LLC acquired a new stake in UMH Properties in the 1st quarter valued at approximately $19,209,000. Finally, D.A. Davidson & CO. grew its holdings in shares of UMH Properties by 7.7% in the 1st quarter. D.A. Davidson & CO. now owns 985,112 shares of the real estate investment trust’s stock valued at $18,422,000 after acquiring an additional 70,695 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Up 0.2%

UMH opened at $14.60 on Monday. The business’s 50-day moving average price is $15.56 and its 200-day moving average price is $16.62. UMH Properties, Inc. has a 12 month low of $14.37 and a 12 month high of $20.42. The company has a current ratio of 8.56, a quick ratio of 8.56 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.24 billion, a P/E ratio of 104.25, a P/E/G ratio of 2.54 and a beta of 1.05.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $66.64 million for the quarter, compared to analysts’ expectations of $66.07 million. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. On average, equities analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on UMH. Wall Street Zen cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Wedbush raised UMH Properties to a “hold” rating in a report on Wednesday, July 2nd. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a report on Saturday, September 27th. Finally, Cantor Fitzgerald initiated coverage on shares of UMH Properties in a report on Wednesday. They set a “neutral” rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.50.

Insider Buying and Selling at UMH Properties

In other news, Director William Edward Mitchell sold 75,849 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $16.32, for a total transaction of $1,237,855.68. Following the completion of the transaction, the director owned 41,368 shares in the company, valued at $675,125.76. This trade represents a 64.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael P. Landy bought 10,000 shares of UMH Properties stock in a transaction dated Monday, September 29th. The stock was acquired at an average price of $14.46 per share, for a total transaction of $144,600.00. Following the completion of the acquisition, the director owned 362,052 shares in the company, valued at approximately $5,235,271.92. The trade was a 2.84% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 155,249 shares of company stock worth $2,491,728 over the last 90 days. 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.