Teacher Retirement System of Texas Has $1.84 Million Holdings in UMH Properties, Inc. (NYSE:UMH)

Teacher Retirement System of Texas cut its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 50.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,560 shares of the real estate investment trust's stock after selling 100,200 shares during the quarter. Teacher Retirement System of Texas owned 0.12% of UMH Properties worth $1,843,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GF Fund Management CO. LTD. purchased a new stake in shares of UMH Properties in the fourth quarter valued at $26,000. Farther Finance Advisors LLC lifted its holdings in shares of UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,456 shares in the last quarter. KBC Group NV purchased a new stake in shares of UMH Properties in the first quarter valued at $32,000. Sterling Capital Management LLC lifted its holdings in shares of UMH Properties by 861.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,748 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of UMH Properties by 374.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,027 shares in the last quarter. 75.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen upgraded UMH Properties from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Maxim Group cut their target price on UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a report on Monday, May 5th. Wedbush upgraded UMH Properties to a "hold" rating in a report on Wednesday, July 2nd. Finally, B. Riley reaffirmed a "buy" rating on shares of UMH Properties in a research report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.00.

Insider Buying and Selling

In other UMH Properties news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction on Monday, June 9th. The shares were sold at an average price of $16.87, for a total transaction of $421,750.00. Following the completion of the sale, the chief executive officer owned 1,140,265 shares of the company's stock, valued at approximately $19,236,270.55. The trade was a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Edward Mitchell sold 70,852 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the sale, the director directly owned 215,427 shares in the company, valued at $3,705,344.40. The trade was a 24.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 160,826 shares of company stock valued at $2,745,314 in the last quarter. 8.77% of the stock is currently owned by corporate insiders.

UMH Properties Stock Performance

UMH stock traded down $0.07 during trading on Monday, reaching $17.04. 239,830 shares of the stock were exchanged, compared to its average volume of 438,743. UMH Properties, Inc. has a twelve month low of $15.74 and a twelve month high of $20.64. The company has a market capitalization of $1.43 billion, a P/E ratio of 141.97, a price-to-earnings-growth ratio of 2.86 and a beta of 1.10. The stock has a 50 day simple moving average of $16.94 and a 200-day simple moving average of $17.64. The company has a current ratio of 6.98, a quick ratio of 6.98 and a debt-to-equity ratio of 1.02.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23. The company had revenue of $61.23 million for the quarter, compared to the consensus estimate of $62.82 million. UMH Properties had a return on equity of 5.14% and a net margin of 11.51%. As a group, sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Friday, August 15th. UMH Properties's payout ratio is 750.00%.

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.