UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 476.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 335,874 shares of the real estate investment trust’s stock after buying an additional 277,590 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in UMH Properties were worth $6,607,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. American Century Companies Inc. raised its holdings in shares of UMH Properties by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock valued at $46,869,000 after buying an additional 29,320 shares during the period. Copeland Capital Management LLC increased its holdings in UMH Properties by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust’s stock worth $54,311,000 after purchasing an additional 8,946 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in UMH Properties by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock worth $15,456,000 after purchasing an additional 22,844 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in UMH Properties by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock worth $18,505,000 after purchasing an additional 56,662 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in UMH Properties by 5.7% during the 2nd quarter. D.A. Davidson & CO. now owns 871,668 shares of the real estate investment trust’s stock worth $13,938,000 after purchasing an additional 47,256 shares during the last quarter. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at UMH Properties

In related news, CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total value of $53,928.00. Following the transaction, the director now owns 7,993 shares of the company’s stock, valued at $153,945.18. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. B. Riley lifted their price objective on UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a report on Thursday, August 15th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UMH Properties currently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Price Performance

Shares of UMH opened at $19.46 on Wednesday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 149.70, a PEG ratio of 3.45 and a beta of 1.29. The stock has a 50 day moving average of $19.08 and a 200-day moving average of $18.19. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). The firm had revenue of $60.67 million during the quarter, compared to analyst estimates of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the previous year, the business posted $0.22 EPS. As a group, analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a $0.215 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.42%. UMH Properties’s payout ratio 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.