Ameriprise Financial Inc. Lowers Position in UMH Properties, Inc. (NYSE:UMH)

Ameriprise Financial Inc. lowered its position in UMH Properties, Inc. (NYSE:UMH - Free Report) by 43.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,690 shares of the real estate investment trust's stock after selling 103,385 shares during the quarter. Ameriprise Financial Inc. owned about 0.17% of UMH Properties worth $2,581,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Swiss National Bank increased its stake in UMH Properties by 12.4% in the fourth quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust's stock valued at $2,772,000 after acquiring an additional 16,200 shares during the last quarter. Barclays PLC increased its stake in UMH Properties by 101.1% in the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust's stock valued at $3,155,000 after acquiring an additional 80,660 shares during the last quarter. Geode Capital Management LLC increased its stake in UMH Properties by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust's stock valued at $34,719,000 after acquiring an additional 134,761 shares during the last quarter. William Blair Investment Management LLC increased its stake in UMH Properties by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust's stock valued at $37,617,000 after acquiring an additional 48,480 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in UMH Properties by 43.5% in the fourth quarter. SG Americas Securities LLC now owns 36,228 shares of the real estate investment trust's stock valued at $684,000 after acquiring an additional 10,984 shares during the last quarter. Institutional investors own 75.40% of the company's stock.

UMH Properties Trading Down 0.4%

Shares of NYSE:UMH traded down $0.07 on Monday, reaching $16.72. 282,308 shares of the company traded hands, compared to its average volume of 435,262. The business's 50-day simple moving average is $17.29 and its 200 day simple moving average is $18.10. UMH Properties, Inc. has a 52 week low of $14.98 and a 52 week high of $20.64. The stock has a market capitalization of $1.41 billion, a P/E ratio of 128.63, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The firm had revenue of $61.23 million for the quarter, compared to analysts' expectations of $62.82 million. As a group, equities analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This is a positive change from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date is Thursday, May 15th. UMH Properties's dividend payout ratio is currently 750.00%.

Insider Transactions at UMH Properties

In other news, Director William Edward Mitchell sold 70,852 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $17.20, for a total transaction of $1,218,654.40. Following the completion of the sale, the director now directly owns 215,427 shares in the company, valued at approximately $3,705,344.40. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Samuel A. Landy sold 25,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $17.11, for a total transaction of $427,750.00. Following the completion of the sale, the chief executive officer now owns 1,165,265 shares of the company's stock, valued at $19,937,684.15. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,826 shares of company stock worth $2,323,564. Company insiders own 8.77% of the company's stock.

Analyst Ratings Changes

UMH has been the topic of a number of research analyst reports. Wall Street Zen cut UMH Properties from a "hold" rating to a "sell" rating in a research note on Thursday. B. Riley reissued a "buy" rating on shares of UMH Properties in a research note on Tuesday, May 13th. Finally, Maxim Group reduced their price objective on UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $21.00.

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.