UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 262,289 Shares of UMH Properties, Inc. (NYSE:UMH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 78.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,585 shares of the real estate investment trust's stock after selling 262,289 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of UMH Properties worth $1,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in UMH. Barclays PLC lifted its position in UMH Properties by 101.1% during the third 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. abrdn plc lifted its holdings in shares of UMH Properties by 44.5% during the 4th quarter. abrdn plc now owns 18,464 shares of the real estate investment trust's stock valued at $346,000 after buying an additional 5,685 shares during the period. State of Alaska Department of Revenue grew its stake in shares of UMH Properties by 10.6% during the 4th quarter. State of Alaska Department of Revenue now owns 34,614 shares of the real estate investment trust's stock valued at $652,000 after purchasing an additional 3,310 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in UMH Properties by 5.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 79,674 shares of the real estate investment trust's stock valued at $1,504,000 after buying an additional 4,387 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of UMH Properties by 56.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,656 shares of the real estate investment trust's stock worth $333,000 after purchasing an additional 6,340 shares in the last quarter. Institutional investors own 75.40% of the company's stock.

Insider Activity

In other news, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $17.11, for a total value of $427,750.00. Following the completion of the sale, the chief executive officer now owns 1,165,265 shares in the company, valued at $19,937,684.15. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Edward Mitchell sold 70,852 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the completion of the transaction, the director now directly owns 215,427 shares in the company, valued at approximately $3,705,344.40. The trade was a 24.75% 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 90 days. 8.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UMH has been the subject of several analyst reports. Maxim Group reduced their target price on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a report on Monday, May 5th. Wall Street Zen upgraded UMH Properties from a "sell" rating to a "hold" rating in a report on Friday. Finally, B. Riley restated a "buy" rating on shares of UMH Properties in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.00.

UMH Properties Price Performance

Shares of UMH Properties stock opened at $16.76 on Monday. The firm has a market cap of $1.41 billion, a PE ratio of 128.89, a P/E/G ratio of 2.93 and a beta of 1.12. UMH Properties, Inc. has a twelve month low of $15.00 and a twelve month high of $20.64. The business has a 50-day moving average price of $17.14 and a 200 day moving average price of $18.03. 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 issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. The business had revenue of $61.23 million during the quarter, compared to the consensus estimate of $62.82 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. Sell-side analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be given 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 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, May 15th. UMH Properties's payout ratio is presently 750.00%.

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.

Want to see what other hedge funds are holding UMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMH Properties, Inc. (NYSE:UMH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.