Private Management Group Inc. Has $23.29 Million Stake in UMH Properties, Inc. (NYSE:UMH)

Private Management Group Inc. lessened its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,233,570 shares of the real estate investment trust’s stock after selling 16,333 shares during the period. Private Management Group Inc. owned 1.56% of UMH Properties worth $23,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Maryland Capital Advisors Inc. acquired a new position in UMH Properties during the third quarter worth $26,000. Loomis Sayles & Co. L P raised its holdings in shares of 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 worth $48,000 after acquiring an additional 2,346 shares during the last quarter. US Bancorp DE lifted its position 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 acquiring an additional 1,791 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in UMH Properties by 36.8% during 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 last quarter. Finally, Ulland Investment Advisors LLC increased its holdings in UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 2,915 shares in the last quarter. 75.40% of the stock is owned by institutional investors.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $18.25 on Thursday. The company has a market capitalization of $1.44 billion, a P/E ratio of 140.36, a price-to-earnings-growth ratio of 3.04 and a beta of 1.28. The company’s 50-day moving average is $18.65 and its 200 day moving average is $18.93. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. UMH Properties, Inc. has a fifty-two week low of $14.09 and a fifty-two week high of $20.64.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The company had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. During the same period in the prior year, the company earned $0.22 earnings per share. On average, equities research analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio is currently 661.59%.

Insider Buying and Selling at UMH Properties

In other news, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction dated 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 owns 7,993 shares in the company, valued at $153,945.18. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction that occurred 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 directly owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their position. 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 over the last ninety days. 8.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on UMH. Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three 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 currently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

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.