UMH Properties, Inc. $UMH Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in UMH Properties, now owning approximately 8.95% of the company's shares, valued at $140.69 million.
• Insider trading was reported, with UMH's Director and CEO both selling significant amounts of shares; the Director sold 75,849 shares, while the CEO sold 45,700 shares.
• The company recently announced a $0.225 quarterly dividend, representing an annual yield of 5.8%, despite a reported miss in earnings per share compared to analysts' expectations.

Vanguard Group Inc. increased its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 0.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,523,546 shares of the real estate investment trust's stock after purchasing an additional 17,084 shares during the quarter. Vanguard Group Inc. owned 8.95% of UMH Properties worth $140,690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new position in UMH Properties during the 4th quarter worth $26,000. KBC Group NV acquired a new position in UMH Properties during the 1st quarter worth $32,000. Sterling Capital Management LLC grew its stake in UMH Properties by 861.1% during the 4th 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 in the last quarter. Cloud Capital Management LLC acquired a new position in UMH Properties during the 1st quarter worth $37,000. Finally, Tower Research Capital LLC TRC grew its stake in UMH Properties by 374.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 2,027 shares in the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UMH has been the subject of a number of recent analyst reports. B. Riley reaffirmed a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Wall Street Zen downgraded UMH Properties from a "hold" rating to a "sell" rating in a report on Friday, July 18th. 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 report on Monday, May 5th. Finally, Wedbush raised UMH Properties to a "hold" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.25.

Insider Activity

In other news, Director Angela D. Pruitt sold 1,600 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $16.06, for a total value of $25,696.00. Following the completion of the sale, the director directly owned 9,905 shares of the company's stock, valued at approximately $159,074.30. The trade was a 13.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Edward Mitchell sold 75,849 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were 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 $675,125.76. The trade was a 64.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 148,149 shares of company stock valued at $2,434,782. Insiders own 8.77% of the company's stock.

UMH Properties Stock Performance

Shares of UMH Properties stock traded down $0.21 on Tuesday, hitting $15.59. The stock had a trading volume of 645,113 shares, compared to its average volume of 502,728. UMH Properties, Inc. has a 52-week low of $15.46 and a 52-week high of $20.64. The company has a current ratio of 8.56, a quick ratio of 8.56 and a debt-to-equity ratio of 1.08. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 111.32, a P/E/G ratio of 2.68 and a beta of 1.13. The company's 50 day moving average price is $16.62 and its 200 day moving average price is $17.23.

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

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, August 15th. UMH Properties's payout ratio is presently 642.86%.

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.