Point72 Asset Management L.P. Sells 5,526 Shares of UMH Properties, Inc. (NYSE:UMH)

Point72 Asset Management L.P. decreased its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 67.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,632 shares of the real estate investment trust’s stock after selling 5,526 shares during the period. Point72 Asset Management L.P.’s holdings in UMH Properties were worth $52,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Centiva Capital LP increased its holdings in UMH Properties by 4.0% in the third quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 1,195 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of UMH Properties in the 3rd quarter valued at about $384,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of UMH Properties by 476.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,874 shares of the real estate investment trust’s stock valued at $6,607,000 after acquiring an additional 277,590 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of UMH Properties by 74.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,306 shares of the real estate investment trust’s stock valued at $655,000 after acquiring an additional 14,187 shares during the period. Finally, Quantbot Technologies LP boosted its stake in UMH Properties by 297.5% during the 3rd quarter. Quantbot Technologies LP now owns 50,183 shares of the real estate investment trust’s stock worth $987,000 after acquiring an additional 37,558 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insider Activity

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total value of $977,500.00. Following the sale, the chief executive officer now directly owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the sale, the director now directly owns 7,993 shares in the company, valued at $153,945.18. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,845 shares of company stock worth $1,051,210 over the last three months. Corporate insiders own 8.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

UMH Properties Price Performance

Shares of UMH opened at $19.37 on Friday. The stock has a 50 day simple moving average of $19.09 and a 200 day simple moving average of $18.23. UMH Properties, Inc. has a 52-week low of $14.09 and a 52-week high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The firm has a market capitalization of $1.53 billion, a PE ratio of 149.01, a P/E/G ratio of 3.46 and a beta of 1.29.

UMH Properties (NYSE:UMH) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share 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 last year, the company earned $0.22 EPS. Sell-side analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio 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.