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

Vert Asset Management LLC boosted its position in shares of UMH Properties, Inc. (NYSE:UMH) by 22.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,268 shares of the real estate investment trust’s stock after acquiring 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UMH. State of Alaska Department of Revenue increased its holdings in shares of UMH Properties by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 663 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in UMH Properties by 36.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 698 shares during the period. Centiva Capital LP boosted its stake in shares of UMH Properties by 4.0% during the third quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock worth $618,000 after buying an additional 1,195 shares during the period. Maryland Capital Advisors Inc. purchased a new position in shares of UMH Properties during the third quarter worth about $26,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of UMH Properties by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 45,929 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 1,737 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Insiders Place Their Bets

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director now owns 7,993 shares in the company, valued at $153,945.18. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on UMH shares. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Wedbush restated a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, UMH Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Stock Performance

NYSE UMH opened at $18.34 on Tuesday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $18.83 and its two-hundred day moving average is $18.91. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 141.05, a PEG ratio of 2.98 and a beta of 1.29. UMH Properties, Inc. has a 12-month low of $14.09 and a 12-month high of $20.64.

UMH Properties (NYSE:UMH) last released 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). The business had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the previous year, the company posted $0.22 EPS. Research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s dividend payout ratio is currently 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.