UMH Properties, Inc. (NYSE:UMH) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 43.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,690 shares of the real estate investment trust's stock after selling 103,385 shares during the period. Ameriprise Financial Inc. owned about 0.17% of UMH Properties worth $2,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UMH. Swiss National Bank boosted its holdings 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 purchasing an additional 16,200 shares during the last quarter. Barclays PLC lifted its holdings in shares of 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 during the period. Geode Capital Management LLC boosted its stake in shares of 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 worth $34,719,000 after buying an additional 134,761 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of 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 worth $37,617,000 after buying an additional 48,480 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in UMH Properties by 43.5% during the fourth quarter. SG Americas Securities LLC now owns 36,228 shares of the real estate investment trust's stock worth $684,000 after acquiring an additional 10,984 shares during the period. Institutional investors and hedge funds own 75.40% of the company's stock.

Insider Buying and Selling

In other UMH Properties news, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $17.11, for a total transaction of $427,750.00. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Edward Mitchell sold 39,974 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $16.94, for a total transaction of $677,159.56. Following the sale, the director now directly owns 115,627 shares of the company's stock, valued at $1,958,721.38. This represents a 25.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,826 shares of company stock valued at $2,323,564. 8.77% of the stock is owned by corporate insiders.

UMH Properties Stock Performance

Shares of UMH Properties stock remained flat at $16.82 on Friday. The company had a trading volume of 440,185 shares, compared to its average volume of 436,158. The firm has a market cap of $1.41 billion, a P/E ratio of 129.39, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. UMH Properties, Inc. has a 1 year low of $14.94 and a 1 year 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. The firm's 50-day moving average is $17.33 and its two-hundred day moving average is $18.14.

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

UMH Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 dividend on an annualized basis and a yield of 5.35%. This is a boost from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's dividend payout ratio (DPR) is currently 750.00%.

Analyst Upgrades and Downgrades

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

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.