XTX Topco Ltd Makes New Investment in UMH Properties, Inc. (NYSE:UMH)

Key Points

• XTX Topco Ltd invested approximately $407,000 in UMH Properties by purchasing 21,782 shares in the 1st quarter.
• Despite recent institutional investments, Wall Street Zen downgraded UMH Properties from a "hold" to a "sell" rating.
• UMH Properties announced a quarterly dividend of $0.225, which equates to an annual yield of 5.5%.

XTX Topco Ltd acquired a new position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,782 shares of the real estate investment trust's stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UMH. Avantax Advisory Services Inc. boosted its position in UMH Properties by 2.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust's stock valued at $491,000 after buying an additional 671 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of UMH Properties by 2.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust's stock worth $883,000 after purchasing an additional 918 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of UMH Properties by 5.0% during the first quarter. Nisa Investment Advisors LLC now owns 22,380 shares of the real estate investment trust's stock worth $419,000 after purchasing an additional 1,065 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of UMH Properties during the fourth quarter worth about $26,000. Finally, Principal Financial Group Inc. lifted its position in shares of UMH Properties by 3.6% during the first quarter. Principal Financial Group Inc. now owns 38,816 shares of the real estate investment trust's stock worth $726,000 after purchasing an additional 1,362 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on UMH. Wall Street Zen lowered shares of UMH Properties from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. B. Riley restated a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Wedbush raised shares of UMH Properties to a "hold" rating in a research note on Wednesday, July 2nd. Finally, Maxim Group cut their target price on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a research report on Monday, May 5th.

Insider Transactions at UMH Properties

In related news, CEO Samuel A. Landy sold 45,700 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $16.40, for a total transaction of $749,480.00. Following the transaction, the chief executive officer directly owned 1,101,283 shares of the company's stock, valued at approximately $18,061,041.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Edward Mitchell sold 39,974 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $16.94, for a total transaction of $677,159.56. Following the completion of the transaction, the director directly owned 115,627 shares in the company, valued at approximately $1,958,721.38. This represents a 25.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,674 shares of company stock worth $2,276,140. 8.77% of the stock is owned by insiders.

UMH Properties Trading Up 0.7%

Shares of UMH traded up $0.11 on Wednesday, reaching $16.33. 168,863 shares of the company's stock were exchanged, compared to its average volume of 396,656. UMH Properties, Inc. has a 12 month low of $15.74 and a 12 month 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 capitalization of $1.39 billion, a P/E ratio of 116.57, a price-to-earnings-growth ratio of 2.72 and a beta of 1.13. The business has a 50 day moving average price of $16.82 and a two-hundred day moving average price of $17.39.

UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.07 million. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%. Research analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share 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 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Friday, August 15th. UMH Properties's dividend payout ratio (DPR) is currently 642.86%.

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.