Pensionfund DSM Netherlands Sells 10,000 Shares of UMH Properties, Inc. (NYSE:UMH)

Pensionfund DSM Netherlands reduced its stake in UMH Properties, Inc. (NYSE:UMH) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,900 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Pensionfund DSM Netherlands owned approximately 0.06% of UMH Properties worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of UMH. Bank of New York Mellon Corp lifted its holdings in UMH Properties by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock valued at $6,218,000 after purchasing an additional 34,249 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of UMH Properties by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,119 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 2,102 shares in the last quarter. Rhumbline Advisers grew its position in UMH Properties by 12.4% during the 2nd quarter. Rhumbline Advisers now owns 112,860 shares of the real estate investment trust’s stock worth $1,805,000 after acquiring an additional 12,470 shares during the last quarter. Arizona State Retirement System increased its holdings in UMH Properties by 6.4% during the 2nd quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Custom Index Systems LLC bought a new position in UMH Properties in the 2nd quarter valued at $230,000. 75.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the transaction, the director now owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. This represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at $21,599,348.30. The trade was a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,845 shares of company stock valued at $1,051,210 over the last ninety days. Insiders own 8.63% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Trading Down 0.4 %

UMH traded down $0.08 during mid-day trading on Monday, reaching $18.92. The stock had a trading volume of 22,368 shares, compared to its average volume of 214,855. The stock has a market capitalization of $1.49 billion, a P/E ratio of 145.55, a P/E/G ratio of 3.47 and a beta of 1.29. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The firm’s fifty day simple moving average is $19.12 and its two-hundred day simple moving average is $18.67.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of $60.67 million during the quarter, compared to the consensus estimate of $61.57 million. During the same quarter in the prior year, the business earned $0.22 EPS. On average, equities analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current year.

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.