Police & Firemen s Retirement System of New Jersey Acquires 4,919 Shares of UMH Properties, Inc. $UMH

Police & Firemen s Retirement System of New Jersey increased its stake in UMH Properties, Inc. (NYSE:UMH) by 34.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,245 shares of the real estate investment trust’s stock after acquiring an additional 4,919 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in UMH Properties were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aberdeen Group plc lifted its stake in shares of UMH Properties by 3.6% in the 1st quarter. Aberdeen Group plc now owns 19,132 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 668 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in UMH Properties by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 671 shares during the period. Deutsche Bank AG raised its holdings in UMH Properties by 0.8% during the 1st quarter. Deutsche Bank AG now owns 82,605 shares of the real estate investment trust’s stock valued at $1,545,000 after buying an additional 682 shares during the period. Keybank National Association OH lifted its position in UMH Properties by 3.1% in the second quarter. Keybank National Association OH now owns 24,981 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 762 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in UMH Properties by 4.7% during the first quarter. Inspire Investing LLC now owns 22,379 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 1,007 shares during the period. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UMH has been the topic of a number of analyst reports. Cantor Fitzgerald assumed coverage on shares of UMH Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $15.00 price objective on the stock. B. Riley cut their price target on shares of UMH Properties from $19.00 to $18.50 and set a “buy” rating on the stock in a report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, UMH Properties has an average rating of “Hold” and a consensus price target of $18.50.

Insider Activity at UMH Properties

In related news, CEO Samuel A. Landy sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were 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 of the company’s stock, valued at $14,964,319.92. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Landy bought 10,000 shares of the company’s stock in a transaction on Monday, September 29th. The shares were 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 $5,235,271.92. This represents a 2.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 12,743 shares of company stock worth $184,937 and sold 54,100 shares worth $792,496. 8.77% of the stock is currently owned by corporate insiders.

UMH Properties Stock Performance

Shares of NYSE:UMH opened at $15.24 on Thursday. The firm’s 50 day simple moving average is $14.70 and its 200-day simple moving average is $15.84. The company has a debt-to-equity ratio of 1.08, a quick ratio of 8.56 and a current ratio of 8.56. UMH Properties, Inc. has a one year low of $13.95 and a one year high of $20.03. The firm has a market cap of $1.30 billion, a PE ratio of 108.82, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data 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. The company had revenue of $66.92 million for the quarter, compared to analysts’ expectations of $68.70 million. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%. As a group, equities analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The company 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 is Monday, November 17th. This represents a $0.90 annualized dividend and a dividend yield of 5.9%. UMH Properties’s dividend payout ratio (DPR) is currently 1,125.00%.

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.