UMH Properties, Inc. (NYSE:UMH) Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its position in shares of UMH Properties, Inc. (NYSE:UMH) by 11.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,462,585 shares of the real estate investment trust’s stock after acquiring an additional 145,310 shares during the quarter. Jennison Associates LLC’s holdings in UMH Properties were worth $27,614,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in shares of UMH Properties by 2.2% during the third quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock worth $614,000 after buying an additional 663 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position 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 acquiring an additional 698 shares during the period. Centiva Capital LP grew its stake in shares of UMH Properties by 4.0% in the 3rd quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 1,195 shares during the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of UMH Properties in the third quarter valued at approximately $26,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of UMH Properties by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 45,929 shares of the real estate investment trust’s stock worth $734,000 after purchasing an additional 1,737 shares during the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at UMH Properties

In other news, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 directly owns 1,104,826 shares of the company’s stock, valued at $21,599,348.30. This trade 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 company’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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 53,845 shares of company stock valued at $1,051,210 in the last 90 days. 8.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UMH has been the topic of several recent research reports. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Stock Up 0.1 %

UMH stock opened at $18.05 on Wednesday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $18.67 and its 200 day moving average price is $18.94. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64. The company has a market cap of $1.42 billion, a P/E ratio of 138.86, a P/E/G ratio of 3.04 and a beta of 1.28.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share 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 analysts’ expectations of $61.57 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. During the same period in the previous year, the business earned $0.22 earnings per share. On average, research analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s dividend payout ratio is currently 661.59%.

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.