Copeland Capital Management LLC Raises Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Copeland Capital Management LLC lifted its holdings in UMH Properties, Inc. (NYSE:UMH) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,761,116 shares of the real estate investment trust’s stock after purchasing an additional 8,946 shares during the quarter. Copeland Capital Management LLC owned 3.52% of UMH Properties worth $54,311,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of UMH Properties by 10.6% in the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after buying an additional 629,427 shares in the last quarter. American Century Companies Inc. increased its stake in UMH Properties by 1.0% during the second quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock worth $46,869,000 after acquiring an additional 29,320 shares during the last quarter. Jennison Associates LLC increased its stake in UMH Properties by 0.4% during the first quarter. Jennison Associates LLC now owns 1,305,618 shares of the real estate investment trust’s stock worth $21,203,000 after acquiring an additional 5,015 shares during the last quarter. Dimensional Fund Advisors LP raised its position in UMH Properties by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock valued at $15,456,000 after purchasing an additional 22,844 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of UMH Properties by 5.7% in the 2nd quarter. D.A. Davidson & CO. now owns 871,668 shares of the real estate investment trust’s stock valued at $13,938,000 after purchasing an additional 47,256 shares during the last quarter. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Performance

Shares of UMH Properties stock opened at $18.58 on Tuesday. 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 stock’s fifty day moving average is $19.38 and its two-hundred day moving average is $17.29. UMH Properties, Inc. has a 52 week low of $13.48 and a 52 week high of $20.64. The company has a market capitalization of $1.46 billion, a PE ratio of -265.82, a price-to-earnings-growth ratio of 3.41 and a beta of 1.30.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The company had revenue of $60.33 million during the quarter, compared to the consensus estimate of $59.84 million. UMH Properties had a return on equity of 3.17% and a net margin of 5.79%. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio is presently -1,228.40%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Alliance Global Partners started coverage on UMH Properties in a research report on Thursday, July 18th. They set 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 company a “neutral” rating in a research note on Thursday, August 8th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, B. Riley upped their price target on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, UMH Properties has an average rating of “Moderate Buy” and an average price target of $21.25.

Insider Activity at UMH Properties

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total transaction of $52,758.00. Following the transaction, the director now directly owns 412 shares in the company, valued at $8,050.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.63% of the stock is owned by company 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.