Goldman Sachs Group Inc. Has $5.07 Million Position in UMH Properties, Inc. $UMH

Key Points

• Goldman Sachs Group Inc. has reduced its stake in **UMH Properties, Inc.** by 43.3%, now owning 271,064 shares after selling 206,818 shares during the first quarter.
• Several large investors have adjusted their positions in UMH, with Bank of America and Deutsche Bank among those increasing their holdings in the real estate investment trust.
• Despite a recent earnings miss, UMH Properties declared a quarterly dividend of $0.225 per share, resulting in an annualized yield of **6.0%**.

Goldman Sachs Group Inc. reduced its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 43.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271,064 shares of the real estate investment trust's stock after selling 206,818 shares during the period. Goldman Sachs Group Inc. owned about 0.32% of UMH Properties worth $5,069,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its holdings 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 buying an additional 73,196 shares during the period. American Century Companies Inc. boosted its position in UMH Properties by 0.5% during the 1st quarter. American Century Companies Inc. now owns 2,105,608 shares of the real estate investment trust's stock worth $39,375,000 after buying an additional 10,602 shares during the period. Northern Trust Corp raised its holdings in UMH Properties by 4.2% during the 1st quarter. Northern Trust Corp now owns 1,229,968 shares of the real estate investment trust's stock worth $23,000,000 after purchasing an additional 49,040 shares during the last quarter. Bank of America Corp DE increased its stake in shares of UMH Properties by 0.7% in the 4th quarter. Bank of America Corp DE now owns 1,144,077 shares of the real estate investment trust's stock valued at $21,600,000 after acquiring an additional 7,831 shares in the last quarter. Finally, Nuveen LLC bought a new stake in UMH Properties during the 1st quarter valued at $19,209,000. Institutional investors and hedge funds own 75.40% of the company's stock.

UMH Properties Stock Down 1.9%

UMH Properties stock traded down $0.28 during midday trading on Friday, hitting $14.75. The stock had a trading volume of 1,461,913 shares, compared to its average volume of 658,269. UMH Properties, Inc. has a 12 month low of $14.75 and a 12 month high of $20.42. The stock has a market cap of $1.25 billion, a P/E ratio of 105.36, a P/E/G ratio of 2.55 and a beta of 1.07. The business has a fifty day moving average price of $15.99 and a 200 day moving average price of $16.88. The company has a current ratio of 8.56, a quick ratio of 8.56 and a debt-to-equity ratio of 1.08.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.23 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 analyst estimates of $66.07 million. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. Research analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.90 annualized dividend and a yield of 6.1%. UMH Properties's payout ratio is 642.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wedbush upgraded UMH Properties to a "hold" rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded UMH Properties from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $20.25.

Insider Buying and Selling at UMH Properties

In other news, Director William Edward Mitchell sold 75,849 shares of UMH Properties stock in a transaction dated Wednesday, August 13th. The shares were 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 directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Samuel A. Landy sold 45,700 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 1,101,283 shares in the company, valued at approximately $18,061,041.20. This trade represents a 3.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,149 shares of company stock valued at $2,165,532 in the last three months. 8.77% of the stock is currently owned by company insiders.

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.