Wealthcare Advisory Partners LLC Decreases Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Wealthcare Advisory Partners LLC cut its stake in UMH Properties, Inc. (NYSE:UMH) by 28.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,929 shares of the real estate investment trust’s stock after selling 6,428 shares during the period. Wealthcare Advisory Partners LLC’s holdings in UMH Properties were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Maryland Capital Advisors Inc. purchased a new stake in UMH Properties in the 3rd quarter valued at $26,000. Loomis Sayles & Co. L P grew its holdings in shares of UMH Properties by 2,760.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 2,346 shares during the period. US Bancorp DE increased its position in UMH Properties by 261.1% during the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,791 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in UMH Properties by 36.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 698 shares during the period. Finally, Quarry LP boosted its holdings in UMH Properties by 904.5% in the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 3,419 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Up 1.3 %

Shares of NYSE UMH opened at $18.52 on Wednesday. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $18.94 and its two-hundred day moving average is $18.86. UMH Properties, Inc. has a 52-week low of $14.09 and a 52-week high of $20.64. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 142.43, a PEG ratio of 3.04 and a beta of 1.29.

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

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.64%. UMH Properties’s payout ratio is 661.59%.

Insider Buying and Selling

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total transaction of $53,928.00. Following the sale, the director now owns 7,993 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the completion of the transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,845 shares of company stock worth $1,051,210 over the last 90 days. 8.63% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on UMH. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.25.

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.