Sumitomo Mitsui DS Asset Management Company Ltd Acquires 6,340 Shares of UMH Properties, Inc. (NYSE:UMH)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in UMH Properties, Inc. (NYSE:UMH) by 56.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,656 shares of the real estate investment trust’s stock after buying an additional 6,340 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in UMH Properties were worth $333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of UMH. Maryland Capital Advisors Inc. bought a new position in UMH Properties in the 3rd quarter valued at $26,000. Loomis Sayles & Co. L P boosted its holdings in UMH Properties by 2,760.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 2,346 shares during the period. US Bancorp DE boosted its holdings in UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,791 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 period. Finally, Quarry LP boosted its holdings in UMH Properties by 904.5% in the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 3,419 shares during the period. 75.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UMH has been the subject of several analyst reports. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Wedbush reissued a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, UMH Properties currently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

Insider Transactions at UMH Properties

In related news, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total value of $53,928.00. Following the transaction, the director now owns 7,993 shares in the company, valued at $153,945.18. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.63% of the stock is currently owned by insiders.

UMH Properties Stock Performance

NYSE UMH opened at $18.08 on Thursday. UMH Properties, Inc. has a 52-week low of $14.09 and a 52-week high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The company has a market capitalization of $1.43 billion, a P/E ratio of 139.09, a P/E/G ratio of 3.02 and a beta of 1.28. The company has a fifty day moving average of $18.55 and a 200-day moving average of $18.96.

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio is currently 661.59%.

UMH Properties Company 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.