LDR Capital Management LLC Lowers Stock Position in UMH Properties, Inc. $UMH

LDR Capital Management LLC lowered its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 27.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,697 shares of the real estate investment trust’s stock after selling 37,471 shares during the period. UMH Properties accounts for 2.2% of LDR Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. LDR Capital Management LLC’s holdings in UMH Properties were worth $1,495,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV raised its holdings in shares of UMH Properties by 74.0% in the second quarter. KBC Group NV now owns 3,005 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,278 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of UMH Properties during the second quarter worth approximately $52,000. Spire Wealth Management lifted its holdings in shares of UMH Properties by 41.5% during the third quarter. Spire Wealth Management now owns 4,980 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 1,460 shares during the period. AlphaCore Capital LLC acquired a new position in UMH Properties in the 2nd quarter valued at $90,000. Finally, BNP Paribas Financial Markets raised its position in UMH Properties by 127.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,182 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 5,146 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UMH has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $16.00 price objective on shares of UMH Properties in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, October 8th. Colliers Securities raised UMH Properties to a “buy” rating in a research report on Thursday, December 4th. Finally, B. Riley lowered their target price on UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a research note on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Insider Transactions at UMH Properties

In related news, Director William Edward Mitchell acquired 2,000 shares of the business’s stock in a transaction on Monday, November 24th. The stock was bought at an average cost of $14.92 per share, with a total value of $29,840.00. Following the completion of the acquisition, the director owned 28,737 shares in the company, valued at $428,756.04. The trade was a 7.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.77% of the stock is owned by corporate insiders.

UMH Properties Stock Up 0.1%

UMH Properties stock opened at $16.43 on Tuesday. The company has a current ratio of 6.86, a quick ratio of 6.86 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 205.91, a PEG ratio of 2.77 and a beta of 1.09. UMH Properties, Inc. has a 52 week low of $13.95 and a 52 week high of $19.14. The company’s 50-day moving average price is $15.62 and its two-hundred day moving average price is $15.55.

UMH Properties (NYSE:UMH) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. UMH Properties had a net margin of 10.47% and a return on equity of 4.47%. The company had revenue of $66.92 million during the quarter, compared to the consensus estimate of $68.70 million. On average, analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.