Ulland Investment Advisors LLC Boosts Holdings in UMH Properties, Inc. (NYSE:UMH)

Ulland Investment Advisors LLC increased its position in shares of UMH Properties, Inc. (NYSE:UMH) by 291.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,915 shares of the real estate investment trust’s stock after buying an additional 2,915 shares during the quarter. Ulland Investment Advisors LLC’s holdings in UMH Properties were worth $74,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in UMH Properties by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock valued at $6,745,000 after purchasing an additional 41,774 shares during the period. Dimensional Fund Advisors LP raised its holdings in UMH Properties by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock valued at $15,456,000 after buying an additional 22,844 shares during the period. Sei Investments Co. lifted its position in UMH Properties by 2.3% in the second quarter. Sei Investments Co. now owns 394,433 shares of the real estate investment trust’s stock valued at $6,307,000 after buying an additional 8,862 shares during the last quarter. ProShare Advisors LLC boosted its stake in UMH Properties by 49.1% during the second quarter. ProShare Advisors LLC now owns 16,320 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 5,376 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of UMH Properties during the second quarter valued at about $283,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on UMH shares. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Wedbush restated a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Trading Up 0.2 %

NYSE UMH opened at $18.26 on Tuesday. 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 firm has a market cap of $1.44 billion, a price-to-earnings ratio of 140.48, a PEG ratio of 3.04 and a beta of 1.29. The firm has a 50 day simple moving average of $18.95 and a 200-day simple moving average of $18.85. UMH Properties, Inc. has a one year low of $14.09 and a one year high of $20.64.

UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 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 business had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. During the same period in the prior year, the business earned $0.22 EPS. Equities research analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The business 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. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.71%. UMH Properties’s dividend payout ratio (DPR) is 661.59%.

Insider Buying and Selling at UMH Properties

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the business’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 transaction of $53,928.00. Following the completion of the transaction, the director now owns 7,993 shares in the company, valued at $153,945.18. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 53,845 shares of company stock valued at $1,051,210 in the last quarter. Corporate insiders own 8.63% of the company’s stock.

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.