Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in UMH Properties, Inc. $UMH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of UMH Properties, Inc. (NYSE:UMH) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 51,375 shares of the real estate investment trust’s stock, valued at approximately $863,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of UMH Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UMH. Bailard Inc. raised its stake in UMH Properties by 162.9% during the 2nd quarter. Bailard Inc. now owns 44,700 shares of the real estate investment trust’s stock valued at $751,000 after buying an additional 27,700 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in UMH Properties during the 1st quarter worth approximately $788,000. T. Rowe Price Investment Management Inc. boosted its holdings in UMH Properties by 1.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,324,531 shares of the real estate investment trust’s stock worth $99,569,000 after buying an additional 73,196 shares during the period. Alliancebernstein L.P. raised its stake in UMH Properties by 1,091.0% during the 1st quarter. Alliancebernstein L.P. now owns 896,183 shares of the real estate investment trust’s stock valued at $16,759,000 after purchasing an additional 820,934 shares during the period. Finally, Ulland Investment Advisors LLC boosted its stake in UMH Properties by 220.6% during the second quarter. Ulland Investment Advisors LLC now owns 28,915 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 19,895 shares during the last quarter. Institutional investors own 75.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on UMH. Cantor Fitzgerald started coverage on UMH Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $15.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, October 8th. Finally, B. Riley dropped their price target on UMH Properties from $19.00 to $18.50 and set a “buy” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.50.

Insider Transactions at UMH Properties

In other UMH Properties news, Director William Edward Mitchell purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average cost of $14.92 per share, for a total transaction of $29,840.00. Following the completion of the purchase, the director directly owned 28,737 shares in the company, valued at $428,756.04. This represents a 7.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael P. Landy bought 10,000 shares of the company’s stock in a transaction on Monday, September 29th. The stock was bought at an average cost of $14.46 per share, with a total value of $144,600.00. Following the completion of the acquisition, the director owned 362,052 shares of the company’s stock, valued at $5,235,271.92. This represents a 2.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 12,743 shares of company stock worth $184,937 and have sold 54,100 shares worth $792,496. Insiders own 8.77% of the company’s stock.

UMH Properties Stock Up 0.6%

Shares of UMH opened at $15.24 on Thursday. The company’s 50-day moving average price is $14.70 and its 200 day moving average price is $15.84. UMH Properties, Inc. has a 12-month low of $13.95 and a 12-month high of $20.03. 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 firm has a market cap of $1.30 billion, a P/E ratio of 108.82, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $66.92 million for the quarter, compared to the consensus estimate of $68.70 million. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%. On average, sell-side analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be given a $0.225 dividend. The ex-dividend date of this dividend 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 is 1,125.00%.

About UMH Properties

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.