Nomura Asset Management Co. Ltd. Boosts Holdings in UMH Properties, Inc. (NYSE:UMH)

Nomura Asset Management Co. Ltd. raised its holdings in UMH Properties, Inc. (NYSE:UMH) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,200 shares of the real estate investment trust’s stock after purchasing an additional 3,200 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in UMH Properties were worth $1,617,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in UMH Properties by 4.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,033 shares of the real estate investment trust’s stock valued at $1,168,000 after buying an additional 3,081 shares during the last quarter. Raymond James & Associates lifted its position in shares of UMH Properties by 5.2% in the second quarter. Raymond James & Associates now owns 868,525 shares of the real estate investment trust’s stock valued at $13,888,000 after acquiring an additional 43,154 shares in the last quarter. Clear Creek Financial Management LLC boosted its stake in shares of UMH Properties by 5.8% during the second quarter. Clear Creek Financial Management LLC now owns 40,659 shares of the real estate investment trust’s stock valued at $650,000 after acquiring an additional 2,225 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 worth $6,218,000 after purchasing an additional 34,249 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in UMH Properties in the 2nd quarter valued at about $71,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the completion of the sale, the director now directly owns 7,993 shares in the company, valued at $153,945.18. This represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction on 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 transaction, the chief executive officer now owns 1,104,826 shares in the company, valued at $21,599,348.30. The trade was a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,845 shares of company stock valued at $1,051,210 over the last quarter. Company insiders own 8.63% of the company’s stock.

UMH Properties Price Performance

UMH stock opened at $19.37 on Friday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 149.01, a price-to-earnings-growth ratio of 3.47 and a beta of 1.29. The stock’s fifty day simple moving average is $19.09 and its 200-day simple moving average is $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 quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) 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 business had revenue of $60.67 million during the quarter, compared to analyst estimates of $61.57 million. During the same period in the previous year, the business posted $0.22 earnings per share. Equities research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

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

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.