Wealthcare Advisory Partners LLC Has $257,000 Position in UMH Properties, Inc. $UMH

Wealthcare Advisory Partners LLC reduced its holdings in UMH Properties, Inc. (NYSE:UMH) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,328 shares of the real estate investment trust’s stock after selling 1,160 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in UMH Properties were worth $257,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UMH. GAMMA Investing LLC raised its stake in shares of UMH Properties by 3,585.3% in the first quarter. GAMMA Investing LLC now owns 6,265 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 6,095 shares during the last quarter. LDR Capital Management LLC grew its holdings in shares of UMH Properties by 3.8% in the 1st quarter. LDR Capital Management LLC now owns 136,477 shares of the real estate investment trust’s stock valued at $2,552,000 after buying an additional 5,011 shares during the period. Advisor Resource Council acquired a new position in shares of UMH Properties in the 1st quarter valued at $578,000. Cherry Creek Investment Advisors Inc. acquired a new position in shares of UMH Properties in the 1st quarter valued at $675,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of UMH Properties by 19.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 35,962 shares of the real estate investment trust’s stock valued at $672,000 after buying an additional 5,798 shares during the period. Institutional investors own 75.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday. Cantor Fitzgerald initiated coverage on shares of UMH Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $15.00 target price for the company. Wedbush upgraded shares of UMH Properties to a “hold” rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen cut shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.50.

UMH Properties Trading Down 0.7%

NYSE:UMH opened at $14.10 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 8.56 and a quick ratio of 8.56. The firm has a 50-day moving average of $15.33 and a 200-day moving average of $16.50. The company has a market cap of $1.20 billion, a PE ratio of 100.71, a PEG ratio of 2.48 and a beta of 1.05. UMH Properties, Inc. has a one year low of $14.02 and a one year high of $20.42.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The company had revenue of $66.64 million during the quarter, compared to analysts’ expectations of $66.07 million. As a group, equities research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.90 annualized dividend and a yield of 6.4%. UMH Properties’s dividend payout ratio is presently 642.86%.

Insider Activity

In other news, Director William Edward Mitchell sold 75,849 shares of the firm’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 approximately $675,125.76. This trade represents a 64.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael P. Landy purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was acquired at an average price of $14.46 per share, with a total value of $144,600.00. Following the completion of the purchase, the director owned 362,052 shares in the company, valued at $5,235,271.92. This represents a 2.84% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 175,249 shares of company stock worth $2,775,528. 8.77% of the stock is currently owned by corporate insiders.

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.