UMH Properties, Inc. (NYSE:UMH) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in UMH Properties, Inc. (NYSE:UMH) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,783 shares of the real estate investment trust’s stock after acquiring an additional 918 shares during the period. The Manufacturers Life Insurance Company’s holdings in UMH Properties were worth $883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UMH. Farther Finance Advisors LLC boosted its stake in UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,456 shares during the period. Sterling Capital Management LLC boosted its stake in UMH Properties by 861.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,748 shares during the period. Golden State Wealth Management LLC acquired a new position in UMH Properties in the fourth quarter valued at approximately $38,000. Tower Research Capital LLC TRC boosted its stake in UMH Properties by 374.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 2,027 shares during the period. Finally, Ulland Investment Advisors LLC boosted its stake in UMH Properties by 291.5% in the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 2,915 shares during the period. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UMH Properties

In related news, Director William Edward Mitchell sold 70,852 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 215,427 shares of the company’s stock, valued at $3,705,344.40. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UMH. Maxim Group decreased their target price on UMH Properties from $22.00 to $20.50 and set a “buy” rating for the company in a research note on Monday, May 5th. StockNews.com downgraded UMH Properties from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, B. Riley restated a “buy” rating on shares of UMH Properties in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UMH Properties has a consensus rating of “Hold” and a consensus price target of $21.00.

UMH Properties Stock Performance

Shares of NYSE UMH opened at $16.90 on Thursday. 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 stock has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $18.31. The company has a market cap of $1.42 billion, a PE ratio of 130.01, a P/E/G ratio of 2.93 and a beta of 1.14. UMH Properties, Inc. has a 12-month low of $14.73 and a 12-month high of $20.64.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (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 return on equity of 6.06% and a net margin of 11.81%. On average, equities research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 5.33%. UMH Properties’s payout ratio is currently 750.00%.

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.