Teacher Retirement System of Texas Trims Holdings in UMH Properties, Inc. $UMH

Core Viewpoint - Teacher Retirement System of Texas has reduced its holdings in UMH Properties by 17.8%, indicating a shift in institutional investment sentiment towards the company [2] Institutional Holdings - Teacher Retirement System of Texas sold 17,571 shares, reducing its ownership to 80,989 shares, valued at $1,360,000, representing 0.10% of UMH Properties [2] - KBC Group NV purchased a new position valued at approximately $32,000 in the 1st quarter [3] - Principal Financial Group Inc. increased its position by 3.6%, owning 38,816 shares valued at $726,000 after acquiring an additional 1,362 shares [3] - Nisa Investment Advisors LLC raised its position by 5.0%, now owning 22,380 shares valued at $419,000 [3] - Bailard Inc. increased its stake by 11.1%, owning 17,000 shares valued at $318,000 [3] - Allianz Asset Management GmbH acquired a new stake valued at approximately $788,000 [3] - Hedge funds and institutional investors currently own 75.40% of UMH Properties [3] Analyst Ratings - Wall Street Zen downgraded UMH Properties from "hold" to "sell" [4] - Weiss Ratings maintained a "hold (c)" rating [4] - Cantor Fitzgerald initiated coverage with a "neutral" rating and a price target of $15.00 [4] - The average rating for UMH Properties is "Hold" with a price target of $18.50 [4] Price Performance - UMH Properties shares opened at $14.84, with a 1-year low of $13.95 and a high of $20.42 [5] - The company has a market capitalization of $1.26 billion, a PE ratio of 106.00, and a beta of 1.06 [5] Earnings Results - UMH Properties reported earnings of $0.25 per share, matching consensus estimates [6] - Revenue for the quarter was $66.92 million, below analyst estimates of $68.70 million [6] - Analysts expect UMH Properties to post an EPS of 0.93 for the current year [6] Dividend Announcement - A quarterly dividend of $0.225 per share will be paid on December 15th, representing an annualized dividend of $0.90 and a yield of 6.1% [7] - The dividend payout ratio is notably high at 1,125.00% [7] Insider Transactions - Director Angela D. Pruitt sold 1,600 shares at an average price of $16.06, reducing ownership by 13.91% [8] - CEO Samuel A. Landy sold 45,700 shares at an average price of $16.40, representing a 3.98% decrease in ownership [8] - Over the last three months, insiders purchased 10,743 shares valued at $155,097 and sold 175,249 shares valued at $2,775,528 [9] Company Profile - UMH Properties, Inc. is a public equity REIT that owns and operates 135 manufactured home communities with approximately 25,800 developed homesites across several states [10]