Silver Lake Advisory LLC Sells 852 Shares of UMH Properties, Inc. (NYSE:UMH)

Silver Lake Advisory LLC lowered its holdings in UMH Properties, Inc. (NYSE:UMH) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 111,379 shares of the real estate investment trust’s stock after selling 852 shares during the quarter. Silver Lake Advisory LLC owned approximately 0.14% of UMH Properties worth $2,103,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Maryland Capital Advisors Inc. purchased a new stake in UMH Properties in the third quarter worth $26,000. Loomis Sayles & Co. L P boosted its stake in shares of UMH Properties by 2,760.0% during 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 purchasing an additional 2,346 shares in the last quarter. US Bancorp DE increased its position in shares of UMH Properties by 261.1% during the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,791 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of UMH Properties by 36.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 698 shares during the period. Finally, Ulland Investment Advisors LLC raised its stake in UMH Properties by 291.5% in the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 2,915 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Stock Performance

Shares of UMH opened at $17.98 on Friday. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.42 billion, a P/E ratio of 138.28, a P/E/G ratio of 2.98 and a beta of 1.29. The business’s 50 day moving average price is $18.87 and its 200-day moving average price is $18.85. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The company had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. During the same period in the prior year, the company posted $0.22 earnings per share. Equities research analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

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 issued a $0.215 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.78%. UMH Properties’s dividend payout ratio (DPR) is presently 661.54%.

Insider Activity

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of UMH Properties 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 completion of the sale, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction 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 directly owns 7,993 shares in the company, valued at approximately $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 a total of 53,845 shares of company stock worth $1,051,210 over the last 90 days. 8.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UMH has been the topic of a number of research analyst reports. Wedbush reiterated a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. StockNews.com raised 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

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.