Northern Trust Corp Boosts Position in UMH Properties, Inc. (NYSE:UMH)

Northern Trust Corp increased its position in shares of UMH Properties, Inc. (NYSE:UMH) by 27.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,180,928 shares of the real estate investment trust’s stock after purchasing an additional 251,509 shares during the period. Northern Trust Corp owned 1.50% of UMH Properties worth $22,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UMH. Swiss National Bank grew its stake in shares of UMH Properties by 12.4% in the 4th quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust’s stock valued at $2,772,000 after buying an additional 16,200 shares during the period. Barclays PLC lifted its holdings in UMH Properties by 101.1% in the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock valued at $3,155,000 after acquiring an additional 80,660 shares during the last quarter. Geode Capital Management LLC grew its position in UMH Properties by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust’s stock worth $34,719,000 after acquiring an additional 134,761 shares during the period. William Blair Investment Management LLC increased its stake in UMH Properties by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust’s stock worth $37,617,000 after acquiring an additional 48,480 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in UMH Properties by 43.5% in the fourth quarter. SG Americas Securities LLC now owns 36,228 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 10,984 shares during the period. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UMH. StockNews.com cut UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday. Maxim Group dropped their price target on shares of UMH Properties from $22.00 to $20.50 and set a “buy” rating for the company in a research report on Monday, May 5th. Finally, Wedbush restated a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, UMH Properties presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Insiders Place Their Bets

In other news, Director William Edward Mitchell sold 70,852 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.20, for a total transaction of $1,218,654.40. Following the completion of the transaction, the director now directly owns 215,427 shares of the company’s stock, valued at approximately $3,705,344.40. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.77% of the stock is owned by company insiders.

UMH Properties Stock Down 0.6%

Shares of NYSE:UMH opened at $17.17 on Tuesday. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64. The firm’s 50-day moving average is $17.72 and its two-hundred day moving average is $18.33. The firm has a market capitalization of $1.44 billion, a PE ratio of 132.12, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $61.23 million during the quarter, compared to the consensus estimate of $62.82 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. Analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 annualized dividend and a yield of 5.24%. UMH Properties’s dividend payout ratio is 750.00%.

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.