Nomura Asset Management Co. Ltd. Increases Stock Position in UMH Properties, Inc. (NYSE:UMH)

Nomura Asset Management Co. Ltd. boosted its holdings in UMH Properties, Inc. (NYSE:UMH) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,200 shares of the real estate investment trust’s stock after purchasing an additional 3,200 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.10% of UMH Properties worth $1,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Maryland Capital Advisors Inc. acquired a new position in UMH Properties in the third quarter valued at $26,000. Loomis Sayles & Co. L P increased its position in UMH Properties by 2,760.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 2,346 shares during the period. US Bancorp DE raised its stake in UMH Properties by 261.1% during the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,791 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 698 shares during the period. Finally, Ridgewood Investments LLC purchased a new position in shares of UMH Properties in the 2nd quarter valued at approximately $71,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $19.37 on Friday. 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 company has a 50-day moving average price of $19.09 and a 200 day moving average price of $18.26. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64. The company has a market cap of $1.53 billion, a P/E ratio of 149.01, a PEG ratio of 3.47 and a beta of 1.29.

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 for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The business had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. During the same quarter last year, the firm earned $0.22 earnings per share. Research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.44%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Wall Street Analyst Weigh In

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

Insider Activity

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the transaction, the chief executive officer now directly owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Angela D. Pruitt sold 2,800 shares of UMH Properties 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. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,845 shares of company stock worth $1,051,210 in the last 90 days. 8.63% of the stock is currently owned by corporate insiders.

UMH Properties Company 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.