SG Americas Securities LLC increased its stake in UMH Properties, Inc. (NYSE:UMH – Free Report) by 43.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,228 shares of the real estate investment trust’s stock after acquiring an additional 10,984 shares during the quarter. SG Americas Securities LLC’s holdings in UMH Properties were worth $684,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in UMH. Maryland Capital Advisors Inc. acquired a new stake in shares of UMH Properties in the third quarter valued at about $26,000. Loomis Sayles & Co. L P lifted its stake in UMH Properties by 2,760.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 2,346 shares in the last quarter. US Bancorp DE boosted its holdings in UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,791 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 698 shares in the last quarter. Finally, Ulland Investment Advisors LLC raised its holdings in shares of UMH Properties by 291.5% during the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 2,915 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.
UMH Properties Price Performance
UMH stock opened at $18.03 on Friday. UMH Properties, Inc. has a 1 year low of $14.09 and a 1 year high of $20.64. The firm has a market capitalization of $1.42 billion, a PE ratio of 138.73, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The business has a 50 day simple moving average of $18.75 and a 200-day simple moving average of $18.91.
UMH Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on UMH. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, UMH Properties presently has an average rating of “Moderate Buy” and an average target price of $21.25.
View Our Latest Analysis on UMH
Insider Buying and Selling at UMH Properties
In other news, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at $21,599,348.30. This represents a 4.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Angela D. Pruitt sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the sale, the director now directly owns 7,993 shares of the company’s stock, valued at $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,845 shares of company stock worth $1,051,210 in the last ninety days. 8.63% of the stock is owned by insiders.
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.
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