Hunter Perkins Capital Management LLC Raises Position in UMH Properties, Inc. (NYSE:UMH)

Hunter Perkins Capital Management LLC grew its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,620 shares of the real estate investment trust’s stock after buying an additional 3,325 shares during the period. Hunter Perkins Capital Management LLC owned 0.11% of UMH Properties worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in UMH. State of Alaska Department of Revenue grew its stake in shares of UMH Properties by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 663 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in UMH Properties by 36.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 698 shares during the last quarter. Centiva Capital LP lifted its holdings in shares of UMH Properties by 4.0% in the third quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock valued at $618,000 after purchasing an additional 1,195 shares in the last quarter. Maryland Capital Advisors Inc. purchased a new position in shares of UMH Properties during the 3rd quarter worth approximately $26,000. Finally, The Manufacturers Life Insurance Company lifted its stake in UMH Properties by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,929 shares of the real estate investment trust’s stock valued at $734,000 after buying an additional 1,737 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMH Properties

In other news, Director Angela D. Pruitt sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the transaction, the director now directly owns 7,993 shares in the company, valued at $153,945.18. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,104,826 shares in the company, valued at $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,845 shares of company stock worth $1,051,210 in the last quarter. 8.63% of the stock is owned by insiders.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $17.97 on Monday. The company has a market cap of $1.42 billion, a P/E ratio of 138.26, a P/E/G ratio of 2.98 and a beta of 1.29. The business has a fifty day simple moving average of $18.85 and a 200-day simple moving average of $18.90. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH) last posted 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 quarter last year, the firm earned $0.22 EPS. Equities research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

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 $0.215 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.78%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Analyst Upgrades and Downgrades

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

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.