Jennison Associates LLC Boosts Stake in UMH Properties, Inc. (NYSE:UMH)

Jennison Associates LLC lifted its holdings in UMH Properties, Inc. (NYSE:UMH) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,462,585 shares of the real estate investment trust’s stock after purchasing an additional 145,310 shares during the period. Jennison Associates LLC owned about 1.85% of UMH Properties worth $27,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in UMH Properties during the third quarter worth $675,000. Concurrent Investment Advisors LLC acquired a new position in shares of UMH Properties during the 3rd quarter worth about $614,000. Barclays PLC lifted its stake in UMH Properties by 101.1% in the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock valued at $3,155,000 after buying an additional 80,660 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in UMH Properties by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock valued at $18,505,000 after buying an additional 56,662 shares in the last quarter. Finally, State Street Corp boosted its holdings in UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after buying an additional 863,089 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Analyst Upgrades and Downgrades

UMH has been the subject of several research reports. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Wedbush reiterated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research 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 company. According to data from MarketBeat.com, UMH Properties has a consensus rating of “Moderate Buy” and an average price target of $21.25.

UMH Properties Trading Up 0.1 %

NYSE:UMH opened at $18.05 on Wednesday. UMH Properties, Inc. has a 12-month low of $14.09 and a 12-month high of $20.64. The firm has a market cap of $1.42 billion, a PE ratio of 138.86, a price-to-earnings-growth ratio of 3.04 and a beta of 1.28. 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 fifty day moving average price of $18.67 and a 200 day moving average price of $18.94.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The company had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. During the same quarter in the previous year, the business posted $0.22 EPS. Sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Insider Buying and Selling at UMH Properties

In related news, CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total transaction of $977,500.00. Following the completion of the sale, the chief executive officer now owns 1,104,826 shares in the company, valued at $21,599,348.30. The trade was a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 7,993 shares of the company’s stock, valued at $153,945.18. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,845 shares of company stock valued at $1,051,210. Insiders own 8.63% of the company’s stock.

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.