UMH Properties, Inc. (NYSE:UMH) Stock Holdings Lessened by Jennison Associates LLC

Jennison Associates LLC lowered its stake in UMH Properties, Inc. (NYSE:UMH) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,300,603 shares of the real estate investment trust’s stock after selling 97,168 shares during the period. Jennison Associates LLC owned approximately 1.96% of UMH Properties worth $19,925,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management grew its position in UMH Properties by 177.8% during the 3rd quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,125 shares in the last quarter. International Assets Investment Management LLC grew its position in UMH Properties by 1,440.7% during the 4th quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 7,391 shares in the last quarter. Advisor Partners II LLC purchased a new position in UMH Properties during the 3rd quarter worth approximately $145,000. Bfsg LLC purchased a new position in UMH Properties during the 3rd quarter worth approximately $151,000. Finally, Strs Ohio grew its position in UMH Properties by 6.1% during the 4th quarter. Strs Ohio now owns 12,200 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

UMH has been the topic of several research analyst reports. Compass Point lifted their price objective on shares of UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of UMH Properties in a research report on Monday, March 25th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, B. Riley assumed coverage on shares of UMH Properties in a report on Thursday, March 21st. They set a “buy” rating and a $18.50 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, UMH Properties presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Insider Buying and Selling

In related news, COO Brett Taft sold 9,800 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total value of $155,918.00. Following the completion of the sale, the chief operating officer now directly owns 97,049 shares in the company, valued at $1,544,049.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.63% of the stock is currently owned by corporate insiders.

UMH Properties Stock Down 0.4 %

UMH Properties stock opened at $15.63 on Friday. The company’s fifty day simple moving average is $15.57 and its 200-day simple moving average is $15.01. The company has a debt-to-equity ratio of 1.66, a quick ratio of 6.52 and a current ratio of 6.52. UMH Properties, Inc. has a 12 month low of $13.26 and a 12 month high of $16.85.

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This is a boost from UMH Properties’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 5.50%. UMH Properties’s dividend payout ratio is currently -546.63%.

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.