Aberdeen Group plc Buys 2,494 Shares of UMH Properties, Inc. $UMH

Aberdeen Group plc boosted its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 13.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,626 shares of the real estate investment trust’s stock after buying an additional 2,494 shares during the quarter. Aberdeen Group plc’s holdings in UMH Properties were worth $363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UMH. KBC Group NV bought a new stake in UMH Properties during the 1st quarter valued at about $32,000. Stone House Investment Management LLC bought a new stake in UMH Properties during the 1st quarter valued at about $34,000. Summit Securities Group LLC purchased a new position in UMH Properties during the 1st quarter valued at about $35,000. Cloud Capital Management LLC purchased a new position in UMH Properties during the 1st quarter valued at about $37,000. Finally, Golden State Wealth Management LLC increased its position in UMH Properties by 100.0% during 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 period. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Up 0.5%

NYSE:UMH opened at $14.27 on Friday. The company has a market cap of $1.21 billion, a PE ratio of 101.89, a P/E/G ratio of 2.49 and a beta of 1.05. UMH Properties, Inc. has a twelve month low of $13.95 and a twelve 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’s 50 day moving average is $15.12 and its two-hundred day moving average is $16.33.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 5.19% and a net margin of 12.18%. Analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, November 17th. UMH Properties’s payout ratio is currently 642.86%.

Wall Street Analyst Weigh In

UMH has been the topic of a number of research reports. Wedbush raised shares of UMH Properties to a “hold” rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded 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 report on Wednesday, October 8th. Finally, Cantor Fitzgerald initiated coverage on shares of UMH Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $15.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Insider Activity at UMH Properties

In other UMH Properties news, Director Angela D. Pruitt sold 1,600 shares of the stock in a transaction on Monday, August 25th. The shares were 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 of the company’s stock, valued at $159,074.30. This trade represents a 13.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Samuel A. Landy sold 45,700 shares of the 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 in the company, valued at approximately $18,061,041.20. The trade was a 3.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 10,743 shares of company stock valued at $155,097 and have sold 175,249 shares valued at $2,775,528. 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.