Nuveen Asset Management LLC Trims Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Nuveen Asset Management LLC decreased its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,163,880 shares of the real estate investment trust's stock after selling 67,988 shares during the quarter. Nuveen Asset Management LLC owned 1.48% of UMH Properties worth $21,974,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of UMH. Farther Finance Advisors LLC raised its stake in UMH Properties by 1,011.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,456 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in UMH Properties by 861.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 1,748 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in UMH Properties in the fourth quarter valued at approximately $38,000. Tower Research Capital LLC TRC boosted its holdings in UMH Properties by 374.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 2,027 shares during the last quarter. Finally, Montag & Caldwell LLC bought a new position in shares of UMH Properties during the 4th quarter worth approximately $130,000. Institutional investors and hedge funds own 75.40% of the company's stock.

UMH Properties Stock Performance

UMH Properties stock traded up $0.11 during midday trading on Thursday, reaching $16.81. The stock had a trading volume of 26,683 shares, compared to its average volume of 377,573. UMH Properties, Inc. has a 12 month low of $14.73 and a 12 month high of $20.64. The firm's 50-day moving average price is $17.39 and its 200 day moving average price is $18.18. The firm has a market capitalization of $1.41 billion, a PE ratio of 129.24, a P/E/G ratio of 2.93 and a beta of 1.14. 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 - Get Free Report) last posted its earnings results 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. The business had revenue of $61.23 million during 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, research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Thursday, May 15th. This is an increase from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's dividend payout ratio (DPR) is 750.00%.

Insider Buying and Selling

In other news, Director William Edward Mitchell sold 39,974 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $16.94, for a total transaction of $677,159.56. Following the transaction, the director now directly owns 115,627 shares of the company's stock, valued at approximately $1,958,721.38. The trade was a 25.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Samuel A. Landy sold 25,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $17.11, for a total value of $427,750.00. Following the transaction, the chief executive officer now directly owns 1,165,265 shares in the company, 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. Insiders sold 135,826 shares of company stock worth $2,323,564 in the last quarter. 8.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UMH shares. Maxim Group cut their price target on UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a report on Monday, May 5th. B. Riley reissued a "buy" rating on shares of UMH Properties in a research report on Tuesday, May 13th. Finally, Wall Street Zen lowered UMH Properties from a "hold" rating to a "sell" rating in a research report on Thursday. 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 company's stock. According to MarketBeat.com, the stock has an average 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.