Asset Management One Co. Ltd. Acquires 3,125 Shares of UMH Properties, Inc. (NYSE:UMH)

Asset Management One Co. Ltd. raised its holdings in UMH Properties, Inc. (NYSE:UMH) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,168 shares of the real estate investment trust’s stock after acquiring an additional 3,125 shares during the quarter. Asset Management One Co. Ltd.’s holdings in UMH Properties were worth $1,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in UMH Properties by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock valued at $6,218,000 after acquiring an additional 34,249 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in UMH Properties by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock valued at $6,745,000 after acquiring an additional 41,774 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in UMH Properties by 245.9% in the first quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock valued at $10,789,000 after acquiring an additional 472,307 shares during the last quarter. EntryPoint Capital LLC boosted its stake in UMH Properties by 843.9% in the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Swiss National Bank boosted its stake in UMH Properties by 1.9% in the first quarter. Swiss National Bank now owns 124,500 shares of the real estate investment trust’s stock valued at $2,022,000 after acquiring an additional 2,300 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

UMH Properties Trading Up 2.1 %

Shares of NYSE:UMH opened at $19.34 on Friday. UMH Properties, Inc. has a 12 month low of $13.91 and a 12 month high of $20.64. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49. The company’s fifty day simple moving average is $19.22 and its 200 day simple moving average is $17.61. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 148.77, a PEG ratio of 3.38 and a beta of 1.30.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.45%. UMH Properties’s payout ratio is 661.54%.

Insider Buying and Selling

In related news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total transaction of $52,758.00. Following the sale, the director now directly owns 412 shares in the company, valued at $8,050.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.63% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Friday. Alliance Global Partners assumed coverage on shares of UMH Properties in a report on Thursday, July 18th. They issued a “buy” rating and a $21.00 target price on the stock. Wedbush increased their target price on shares of UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Finally, B. Riley increased their target price on shares of UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.25.

UMH Properties Company 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.