UMH Properties, Inc. $UMH Position Increased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its stake in UMH Properties by 71.9%, acquiring an additional 153,470 shares, bringing its total holdings to 366,810 shares valued at approximately $6.86 million.
• UMH Properties recently announced a quarterly dividend of $0.225 per share, representing a 5.8% dividend yield and maintaining a high dividend payout ratio of 642.86%.
• The company's stock recently experienced a 1.3% decline in trading, with earnings results indicating a quarterly loss that fell short of analysts' expectations.

Russell Investments Group Ltd. grew its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 71.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 366,810 shares of the real estate investment trust's stock after purchasing an additional 153,470 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.44% of UMH Properties worth $6,859,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Avantax Advisory Services Inc. boosted its holdings in shares of UMH Properties by 2.6% during the first quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust's stock valued at $491,000 after acquiring an additional 671 shares during the period. Deutsche Bank AG boosted its position in shares of UMH Properties by 0.8% during the first quarter. Deutsche Bank AG now owns 82,605 shares of the real estate investment trust's stock worth $1,545,000 after buying an additional 682 shares during the period. The Manufacturers Life Insurance Company increased its position in UMH Properties by 2.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust's stock valued at $883,000 after acquiring an additional 918 shares during the period. Nisa Investment Advisors LLC raised its stake in UMH Properties by 5.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 22,380 shares of the real estate investment trust's stock valued at $419,000 after acquiring an additional 1,065 shares in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in UMH Properties during the 4th quarter worth $26,000. Institutional investors own 75.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UMH shares. Wedbush upgraded shares of UMH Properties to a "hold" rating in a research report on Wednesday, July 2nd. B. Riley reissued a "buy" rating on shares of UMH Properties in a research note on Tuesday, May 13th. Maxim Group dropped their price target on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, Wall Street Zen downgraded shares of UMH Properties from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, UMH Properties has an average rating of "Moderate Buy" and a consensus price target of $20.25.

UMH Properties Trading Up 2.2%

Shares of UMH stock traded up $0.3450 during trading hours on Friday, reaching $16.0150. 979,964 shares of the stock traded hands, compared to its average volume of 464,629. The company has a quick ratio of 8.56, a current ratio of 8.56 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.36 billion, a PE ratio of 114.39, a PEG ratio of 2.71 and a beta of 1.13. UMH Properties, Inc. has a 1-year low of $15.46 and a 1-year high of $20.64. The business has a fifty day moving average price of $16.66 and a 200 day moving average price of $17.27.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings data 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). UMH Properties had a return on equity of 5.19% and a net margin of 12.18%.The firm had revenue of $66.64 million for the quarter, compared to analysts' expectations of $66.07 million. On average, equities research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, August 15th. UMH Properties's payout ratio is presently 642.86%.

Insider Buying and Selling at UMH Properties

In related news, Director William Edward Mitchell sold 75,849 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $16.32, for a total value of $1,237,855.68. Following the completion of the sale, the director directly owned 41,368 shares of the company's stock, valued at approximately $675,125.76. This represents a 64.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Samuel A. Landy sold 45,700 shares of UMH Properties stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $16.40, for a total value 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. This trade represents a 3.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,549 shares of company stock worth $2,409,086 over the last three months. 8.77% of the stock is owned by insiders.

UMH Properties Company 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.