Public Employees Retirement Association of Colorado Has $282,000 Position in UMH Properties, Inc. (NYSE:UMH)

Public Employees Retirement Association of Colorado trimmed its position in shares of UMH Properties, Inc. (NYSE:UMH) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,636 shares of the real estate investment trust’s stock after selling 1,505 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in UMH Properties were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in UMH Properties by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock worth $15,456,000 after buying an additional 22,844 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of UMH Properties by 11.0% during the second quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock worth $6,745,000 after purchasing an additional 41,774 shares during the period. Cornercap Investment Counsel Inc. grew its stake in shares of UMH Properties by 2.4% in the second quarter. Cornercap Investment Counsel Inc. now owns 48,046 shares of the real estate investment trust’s stock worth $768,000 after purchasing an additional 1,124 shares during the last quarter. American Century Companies Inc. increased its holdings in UMH Properties by 1.0% in the second quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock valued at $46,869,000 after purchasing an additional 29,320 shares during the period. Finally, Wedbush Securities Inc. raised its position in UMH Properties by 4.1% during the 2nd quarter. Wedbush Securities Inc. now owns 220,053 shares of the real estate investment trust’s stock worth $3,519,000 after purchasing an additional 8,671 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Stock Performance

Shares of UMH stock opened at $19.31 on Friday. The firm has a 50 day moving average of $19.12 and a 200-day moving average of $16.96. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -128.72, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49. UMH Properties, Inc. has a 52 week low of $13.26 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.21). The company had revenue of $60.33 million during the quarter, compared to the consensus estimate 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 last year, the firm posted $0.21 earnings per share. On average, equities analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were paid a $0.215 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.86 dividend on an annualized basis and a yield of 4.45%. UMH Properties’s dividend payout ratio (DPR) is presently -573.30%.

Analyst Upgrades and Downgrades

UMH has been the topic of a number of analyst reports. B. Riley upped 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 raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Alliance Global Partners initiated coverage on shares of UMH Properties in a research report on Thursday, July 18th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Wedbush increased their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, UMH Properties has an average rating of “Moderate Buy” and a consensus price target of $21.25.

Insider Activity

In related news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction 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 transaction, the director now directly owns 412 shares in the company, valued at approximately $8,050.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.63% of the company’s stock.

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.