Ulland Investment Advisors LLC Boosts Position in UMH Properties, Inc. (NYSE:UMH)

Ulland Investment Advisors LLC boosted its holdings in UMH Properties, Inc. (NYSE:UMH) by 291.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,915 shares of the real estate investment trust’s stock after purchasing an additional 2,915 shares during the quarter. Ulland Investment Advisors LLC’s holdings in UMH Properties were worth $74,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position 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 acquiring an additional 663 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in UMH Properties by 36.8% in the 3rd 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 purchasing an additional 698 shares during the last quarter. Centiva Capital LP boosted its stake in UMH Properties by 4.0% during the 3rd quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock worth $618,000 after purchasing an additional 1,195 shares during the period. Maryland Capital Advisors Inc. purchased a new position in UMH Properties during the 3rd quarter worth $26,000. Finally, The Manufacturers Life Insurance Company increased its stake in UMH Properties by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 45,929 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 1,737 shares during the period. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction that occurred on 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 owns 7,993 shares in the company, valued at $153,945.18. This represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value 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. The trade was a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is owned by corporate insiders.

UMH Properties Stock Up 0.2 %

UMH stock opened at $18.26 on Tuesday. The stock has a market capitalization of $1.44 billion, a PE ratio of 140.48, a price-to-earnings-growth ratio of 3.04 and a beta of 1.29. The company has a fifty day moving average of $18.95 and a 200-day moving average of $18.85. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. UMH Properties, Inc. has a one year low of $14.09 and a one year high of $20.64.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data 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 net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of $60.67 million during the quarter, compared to analyst estimates of $61.57 million. During the same quarter in the previous year, the business earned $0.22 EPS. As a group, analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be paid a $0.215 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.71%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UMH. Wedbush reiterated a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research report 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

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.