California State Teachers Retirement System Has $1.02 Million Holdings in UMH Properties, Inc. (NYSE:UMH)

California State Teachers Retirement System trimmed its stake in UMH Properties, Inc. (NYSE:UMH) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,850 shares of the real estate investment trust’s stock after selling 2,175 shares during the period. California State Teachers Retirement System’s holdings in UMH Properties were worth $1,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in UMH Properties by 10.6% during the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after buying an additional 629,427 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of UMH Properties by 27.1% during the 4th quarter. Private Management Group Inc. now owns 1,316,789 shares of the real estate investment trust’s stock worth $20,173,000 after purchasing an additional 280,436 shares in the last quarter. Jennison Associates LLC increased its position in shares of UMH Properties by 0.4% during the first quarter. Jennison Associates LLC now owns 1,305,618 shares of the real estate investment trust’s stock valued at $21,203,000 after purchasing an additional 5,015 shares during the period. Raymond James & Associates raised its stake in shares of UMH Properties by 24.1% in the first quarter. Raymond James & Associates now owns 825,371 shares of the real estate investment trust’s stock valued at $13,404,000 after purchasing an additional 160,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in UMH Properties by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 800,569 shares of the real estate investment trust’s stock worth $12,265,000 after purchasing an additional 57,721 shares during the period. Institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UMH. Alliance Global Partners initiated coverage on shares of UMH Properties in a research note on Thursday, July 18th. They issued a “buy” rating and a $21.00 price objective for the company. B. Riley restated a “buy” rating and set a $18.50 price target on shares of UMH Properties in a research note on Thursday, May 30th. William Blair reiterated a “neutral” rating on shares of UMH Properties in a research note on Monday, May 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Wedbush boosted their price target on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

Insiders Place Their Bets

In related news, Director Michael P. Landy bought 4,700 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of $15.45 per share, with a total value of $72,615.00. Following the completion of the purchase, the director now owns 341,796 shares in the company, valued at approximately $5,280,748.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other UMH Properties news, CEO Samuel A. Landy sold 25,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the transaction, the chief executive officer now owns 1,149,565 shares of the company’s stock, valued at approximately $17,254,970.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael P. Landy bought 4,700 shares of the stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average cost of $15.45 per share, with a total value of $72,615.00. Following the completion of the purchase, the director now directly owns 341,796 shares in the company, valued at approximately $5,280,748.20. The disclosure for this purchase can be found here. Insiders own 8.63% of the company’s stock.

UMH Properties Stock Performance

NYSE UMH opened at $19.35 on Wednesday. UMH Properties, Inc. has a 1-year low of $13.26 and a 1-year high of $19.61. The company has a 50 day moving average of $16.76 and a 200-day moving average of $15.92. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 1.49. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -128.99, a PEG ratio of 3.49 and a beta of 1.29.

UMH Properties (NYSE:UMH) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The business had revenue of $60.33 million for the quarter, compared to analyst estimates of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same period in the prior year, the business earned $0.21 earnings per share. On average, equities analysts forecast that UMH Properties, Inc. will post 0.92 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.86 annualized dividend and a yield of 4.44%. UMH Properties’s dividend payout ratio (DPR) is -573.30%.

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.