UMH Properties, Inc. $UMH Shares Sold by WealthTrust Axiom LLC

WealthTrust Axiom LLC cut its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,730 shares of the real estate investment trust’s stock after selling 8,550 shares during the quarter. WealthTrust Axiom LLC owned 0.14% of UMH Properties worth $1,926,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Aberdeen Group plc increased its position in shares of UMH Properties by 3.6% during the first quarter. Aberdeen Group plc now owns 19,132 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 668 shares during the period. Avantax Advisory Services Inc. grew its stake in UMH Properties by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 671 shares in the last quarter. Deutsche Bank AG increased its holdings in UMH Properties by 0.8% during the 1st quarter. Deutsche Bank AG now owns 82,605 shares of the real estate investment trust’s stock worth $1,545,000 after purchasing an additional 682 shares during the period. Keybank National Association OH increased its holdings in UMH Properties by 3.1% during the 2nd quarter. Keybank National Association OH now owns 24,981 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 762 shares during the period. Finally, Inspire Investing LLC raised its position in UMH Properties by 4.7% in the 1st quarter. Inspire Investing LLC now owns 22,379 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Price Performance

Shares of UMH opened at $15.24 on Friday. UMH Properties, Inc. has a 1-year low of $13.95 and a 1-year high of $20.03. The stock has a market cap of $1.30 billion, a PE ratio of 108.82, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06. 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 fifty day moving average price of $14.71 and a 200 day moving average price of $15.84.

UMH Properties (NYSE:UMH) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $66.92 million for 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, sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

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%.

Wall Street Analyst Weigh In

Several research analysts have commented on UMH shares. Weiss Ratings reiterated a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, October 8th. 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. Finally, B. Riley dropped their target price on UMH Properties from $19.00 to $18.50 and set a “buy” rating on the stock in a report on Monday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.50.

Insider Activity

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 stock was purchased at an average price of $14.92 per share, for a total transaction of $29,840.00. Following the purchase, the director directly owned 28,737 shares in the company, valued at approximately $428,756.04. This trade 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 accessible through the SEC website. Also, CEO Samuel A. Landy sold 22,100 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $14.76, for a total transaction of $326,196.00. Following the transaction, the chief executive officer directly owned 1,074,568 shares in the company, valued at $15,860,623.68. The trade was a 2.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have acquired 12,743 shares of company stock valued at $184,937 and have sold 54,100 shares valued at $792,496. Corporate insiders own 8.77% of the company’s stock.

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.