Deutsche Bank AG Increases Stake in UMH Properties, Inc. (NYSE:UMH)

Deutsche Bank AG lifted its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,923 shares of the real estate investment trust's stock after buying an additional 18,375 shares during the quarter. Deutsche Bank AG owned 0.10% of UMH Properties worth $1,547,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of UMH. Farther Finance Advisors LLC lifted its holdings in UMH Properties by 1,011.1% in the 4th 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. Sterling Capital Management LLC raised its holdings in shares of UMH Properties by 861.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,748 shares during the period. Golden State Wealth Management LLC bought a new position in UMH Properties in the 4th quarter worth approximately $38,000. Tower Research Capital LLC TRC grew its position in 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 worth $48,000 after buying an additional 2,027 shares during the last quarter. Finally, Montag & Caldwell LLC acquired a new position in UMH Properties in the 4th quarter valued at approximately $130,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

UMH Properties Trading Up 0.8%

UMH traded up $0.13 during trading on Thursday, hitting $16.83. The company's stock had a trading volume of 240,641 shares, compared to its average volume of 435,577. UMH Properties, Inc. has a twelve month low of $14.87 and a twelve month high of $20.64. The stock's fifty day moving average price is $17.36 and its 200-day moving average price is $18.16. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.41 billion, a P/E ratio of 129.44, a PEG ratio of 2.93 and a beta of 1.14.

UMH Properties (NYSE:UMH - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The company had revenue of $61.23 million for the quarter, compared to analyst estimates of $62.82 million. Analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 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 5.35%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's dividend payout ratio (DPR) is 750.00%.

Insiders Place Their Bets

In related news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $17.11, for a total value of $427,750.00. Following the completion of the sale, the chief executive officer now owns 1,165,265 shares of the company's stock, valued at approximately $19,937,684.15. This trade represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Edward Mitchell sold 39,974 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $16.94, for a total transaction of $677,159.56. Following the transaction, the director now owns 115,627 shares of the company's stock, valued at $1,958,721.38. This represents a 25.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,826 shares of company stock valued at $2,323,564. Company insiders own 8.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UMH. Maxim Group decreased their price target on UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a research note on Monday, May 5th. Wall Street Zen cut shares of UMH Properties from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, B. Riley restated a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $21.00.

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.