Pensionfund DSM Netherlands Has $904,000 Stock Position in UMH Properties, Inc. (NYSE:UMH)

Pensionfund DSM Netherlands lessened its stake in UMH Properties, Inc. (NYSE:UMH) by 17.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,900 shares of the real estate investment trust’s stock after selling 10,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in UMH Properties were worth $904,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in UMH. Bank of New York Mellon Corp lifted its position in UMH Properties by 9.7% in 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 acquiring an additional 34,249 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of UMH Properties by 12.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,119 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 2,102 shares in the last quarter. Rhumbline Advisers boosted its position in shares of UMH Properties by 12.4% during the second quarter. Rhumbline Advisers now owns 112,860 shares of the real estate investment trust’s stock worth $1,805,000 after buying an additional 12,470 shares during the period. Arizona State Retirement System grew its holdings in shares of UMH Properties by 6.4% during the second quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 1,111 shares in the last quarter. Finally, Custom Index Systems LLC acquired a new stake in UMH Properties in the 2nd quarter valued at approximately $230,000. Institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

UMH Properties Price Performance

NYSE UMH traded down $0.08 during trading on Monday, hitting $18.92. 22,368 shares of the company’s stock were exchanged, compared to its average volume of 214,855. The company has a market cap of $1.49 billion, a PE ratio of 145.55, a P/E/G ratio of 3.47 and a beta of 1.29. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a fifty-two week low of $14.09 and a fifty-two week high of $20.64. The stock’s 50 day moving average price is $19.12 and its two-hundred day moving average price is $18.67.

UMH Properties (NYSE:UMH) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The company had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. During the same period in the previous year, the firm posted $0.22 EPS. Research analysts expect 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.