UMH Properties, Inc. $UMH Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 14.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,200 shares of the real estate investment trust’s stock after buying an additional 13,900 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.13% of UMH Properties worth $1,884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of UMH Properties in the second quarter worth $863,000. Creative Planning purchased a new stake in UMH Properties in the second quarter valued at $244,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in UMH Properties by 7.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,027 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 1,686 shares during the period. Cherokee Insurance Co acquired a new stake in UMH Properties during the 2nd quarter worth about $6,366,000. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of UMH Properties by 34.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 19,245 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 4,919 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Trading Up 2.6%

UMH stock opened at $15.28 on Friday. UMH Properties, Inc. has a 52-week low of $13.95 and a 52-week high of $20.03. 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 cap of $1.30 billion, a P/E ratio of 109.16, a PEG ratio of 2.49 and a beta of 1.06. The company’s 50-day simple moving average is $14.70 and its 200-day simple moving average is $15.89.

UMH Properties (NYSE:UMH) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $66.92 million during the quarter, compared to analysts’ expectations of $68.70 million. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%. As a group, equities analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 17th will be given a dividend of $0.225 per share. The ex-dividend date is Monday, November 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.9%. UMH Properties’s dividend payout ratio (DPR) is 1,125.00%.

Insider Activity at UMH Properties

In other news, Director Angela D. Pruitt sold 1,600 shares of UMH Properties stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $16.06, for a total value of $25,696.00. Following the sale, the director owned 9,905 shares in the company, valued at $159,074.30. This trade represents a 13.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Landy bought 10,000 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were bought at an average cost of $14.46 per share, with a total value of $144,600.00. Following the purchase, the director directly owned 362,052 shares of the company’s stock, valued at approximately $5,235,271.92. This represents a 2.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 10,743 shares of company stock worth $155,097 and sold 55,700 shares worth $818,192. 8.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, October 8th. Cantor Fitzgerald initiated coverage on UMH Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $15.00 price target for the company. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.50.

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.