Nisa Investment Advisors LLC Lowers Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Nisa Investment Advisors LLC cut its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 14.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,401 shares of the real estate investment trust’s stock after selling 3,483 shares during the period. Nisa Investment Advisors LLC’s holdings in UMH Properties were worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UMH. Vanguard Group Inc. increased its stake in UMH Properties by 10.6% during the 4th 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 during the period. Panagora Asset Management Inc. purchased a new stake in shares of UMH Properties during the fourth quarter worth $1,819,000. Kennedy Capital Management LLC raised its stake in shares of UMH Properties by 245.9% in the first quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock valued at $10,789,000 after acquiring an additional 472,307 shares in the last quarter. WealthTrust Axiom LLC boosted its holdings in UMH Properties by 1.1% in the fourth quarter. WealthTrust Axiom LLC now owns 134,814 shares of the real estate investment trust’s stock valued at $2,065,000 after purchasing an additional 1,500 shares during the period. Finally, EntryPoint Capital LLC grew its stake in UMH Properties by 843.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,806 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UMH. B. Riley increased their price target on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research report on Thursday, August 15th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. William Blair reiterated a “neutral” rating on shares of UMH Properties in a report on Monday, May 13th. Wedbush raised their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, Alliance Global Partners assumed coverage on shares of UMH Properties in a research note on Thursday, July 18th. They set a “buy” rating and a $21.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Stock Up 0.8 %

Shares of NYSE:UMH opened at $19.58 on Friday. The firm has a 50 day simple moving average of $17.42 and a 200-day simple moving average of $16.14. UMH Properties, Inc. has a twelve month low of $13.26 and a twelve month high of $19.79. 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 company has a market capitalization of $1.38 billion, a PE ratio of -130.53, a P/E/G ratio of 3.53 and a beta of 1.29.

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

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be given a $0.215 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.39%. UMH Properties’s dividend payout ratio (DPR) is presently -573.33%.

Insider Buying and Selling

In other news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total value of $52,758.00. Following the completion of the sale, the director now directly owns 412 shares of the company’s stock, valued at $8,050.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael P. Landy purchased 4,700 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average price of $15.45 per share, with a total value of $72,615.00. Following the completion of the acquisition, the director now directly owns 341,796 shares in the company, valued at approximately $5,280,748.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kiernan Conway sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total value of $52,758.00. Following the sale, the director now directly owns 412 shares of the company’s stock, valued at $8,050.48. The disclosure for this sale can be found here. 8.63% of the stock is currently owned by company insiders.

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.