Envestnet Asset Management Inc. Has $7.04 Million Stake in UMH Properties, Inc. $UMH

Envestnet Asset Management Inc. reduced its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 419,419 shares of the real estate investment trust’s stock after selling 14,874 shares during the quarter. Envestnet Asset Management Inc.’s holdings in UMH Properties were worth $7,042,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in UMH Properties by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 38,816 shares of the real estate investment trust’s stock valued at $726,000 after purchasing an additional 1,362 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of UMH Properties by 5.0% in the first quarter. Nisa Investment Advisors LLC now owns 22,380 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 1,065 shares during the period. Bailard Inc. lifted its stake in shares of UMH Properties by 11.1% during the 1st quarter. Bailard Inc. now owns 17,000 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 1,700 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of UMH Properties during the 1st quarter worth about $788,000. Finally, Avantax Advisory Services Inc. grew its stake 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. Institutional investors own 75.40% of the company’s stock.

Analyst Upgrades and Downgrades

UMH has been the subject of several research reports. Cantor Fitzgerald started coverage on shares of UMH Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $15.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded UMH Properties from a “hold” rating to a “sell” rating in a research note 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 stock presently has an average rating of “Hold” and a consensus price target of $18.50.

Insiders Place Their Bets

In related news, CEO Samuel A. Landy sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $14.19, for a total transaction of $283,800.00. Following the sale, the chief executive officer owned 1,054,568 shares in the company, valued at approximately $14,964,319.92. This trade represents a 1.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael P. Landy acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was purchased at an average cost of $14.46 per share, for a total transaction of $144,600.00. Following the completion of the purchase, the director directly owned 362,052 shares of the company’s stock, valued at $5,235,271.92. The trade was a 2.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 10,743 shares of company stock worth $155,097 and have sold 53,700 shares worth $788,192. Corporate insiders own 8.77% of the company’s stock.

UMH Properties Trading Up 1.5%

Shares of UMH stock opened at $15.30 on Wednesday. The stock has a market cap of $1.30 billion, a P/E ratio of 109.29, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06. UMH Properties, Inc. has a 1 year low of $13.95 and a 1 year 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 stock has a 50 day simple moving average of $14.73 and a 200 day simple moving average of $16.02.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The firm 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%. On average, research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 5.9%. UMH Properties’s dividend payout ratio is currently 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.