Jennison Associates LLC Has $25.91 Million Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Jennison Associates LLC trimmed its holdings in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,385,644 shares of the real estate investment trust's stock after selling 76,941 shares during the quarter. Jennison Associates LLC owned 1.68% of UMH Properties worth $25,912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new stake in shares of UMH Properties in the fourth quarter valued at about $26,000. Farther Finance Advisors LLC boosted its holdings in UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 1,456 shares during the last quarter. KBC Group NV bought a new stake in UMH Properties in the first quarter valued at approximately $32,000. Sterling Capital Management LLC increased its position in UMH Properties by 861.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,748 shares during the period. Finally, Cloud Capital Management LLC bought a new position in UMH Properties during the 1st quarter worth approximately $37,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Samuel A. Landy sold 25,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $16.87, for a total value of $421,750.00. Following the completion of the sale, the chief executive officer directly owned 1,140,265 shares in the company, valued at approximately $19,236,270.55. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Edward Mitchell sold 70,852 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $17.20, for a total value of $1,218,654.40. Following the completion of the sale, the director owned 215,427 shares of the company's stock, valued at $3,705,344.40. The trade was a 24.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 160,826 shares of company stock valued at $2,745,314. Corporate insiders own 8.77% of the company's stock.

UMH Properties Stock Performance

Shares of UMH stock opened at $16.90 on Friday. UMH Properties, Inc. has a 52 week low of $15.74 and a 52 week high of $20.64. The company has a debt-to-equity ratio of 1.02, a quick ratio of 6.98 and a current ratio of 6.98. The firm's 50-day simple moving average is $16.90 and its two-hundred day simple moving average is $17.58. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 140.85, a P/E/G ratio of 2.83 and a beta of 1.10.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23. UMH Properties had a net margin of 11.51% and a return on equity of 5.14%. The business had revenue of $61.23 million during the quarter, compared to analyst estimates of $62.82 million. As a group, equities analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.225 per share. The ex-dividend date is Friday, August 15th. This represents a $0.90 annualized dividend and a yield of 5.33%. UMH Properties's payout ratio is presently 750.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UMH. Maxim Group dropped 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. B. Riley reaffirmed a "buy" rating on shares of UMH Properties in a research report on Tuesday, May 13th. Wall Street Zen lowered shares of UMH Properties from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Wedbush raised shares of UMH Properties to a "hold" rating in a research note on Wednesday, July 2nd.

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.

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