LDR Capital Management LLC Trims Position in UMH Properties, Inc. (NYSE:UMH)

LDR Capital Management LLC cut its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 29.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 167,091 shares of the real estate investment trust's stock after selling 69,370 shares during the period. UMH Properties accounts for about 3.7% of LDR Capital Management LLC's holdings, making the stock its 6th biggest position. LDR Capital Management LLC owned 0.21% of UMH Properties worth $3,287,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in UMH. Copeland Capital Management LLC increased its stake in UMH Properties by 0.3% in the third quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust's stock valued at $54,311,000 after purchasing an additional 8,946 shares during the last quarter. SG Americas Securities LLC purchased a new stake in UMH Properties in the 3rd quarter valued at about $497,000. Cubist Systematic Strategies LLC acquired a new position in shares of UMH Properties during the 2nd quarter valued at about $356,000. Silver Lake Advisory LLC lifted its holdings in shares of UMH Properties by 4.2% during the 2nd quarter. Silver Lake Advisory LLC now owns 115,741 shares of the real estate investment trust's stock worth $1,851,000 after acquiring an additional 4,667 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of UMH Properties by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 45,929 shares of the real estate investment trust's stock worth $734,000 after acquiring an additional 1,737 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Alliance Global Partners began coverage on shares of UMH Properties in a research report on Thursday, July 18th. They set a "buy" rating and a $21.00 price target for the company. B. Riley boosted 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. Wedbush raised their price objective on UMH Properties from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded UMH Properties from a "sell" rating to a "hold" rating in a report on Tuesday, August 13th. Three 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 company has a consensus rating of "Moderate Buy" and an average target price of $21.25.

Insider Buying and Selling

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.54, for a total value of $52,758.00. Following the completion of the transaction, the director now directly owns 412 shares of the company's stock, valued at $8,050.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.63% of the stock is currently owned by insiders.

UMH Properties Stock Up 1.2 %

NYSE UMH traded up $0.23 during trading hours on Tuesday, hitting $18.82. The company had a trading volume of 213,896 shares, compared to its average volume of 414,550. The firm's 50 day moving average is $19.37 and its 200 day moving average is $17.31. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -267.10, a P/E/G ratio of 3.41 and a beta of 1.30. UMH Properties, Inc. has a fifty-two week low of $13.48 and a fifty-two week high of $20.64. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.77 and a quick ratio of 6.77.

UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.21). The company had revenue of $60.33 million for the quarter, compared to analysts' expectations of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same quarter in the previous year, the business posted $0.21 earnings per share. Sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Friday, November 15th. UMH Properties's payout ratio is -1,228.40%.

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.