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UMH Properties, Inc. (NYSE:UMH) Stock Position Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UMH Properties logo with Finance background

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 78.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.09% of UMH Properties worth $1,389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UMH. Capital Research Global Investors boosted its position in UMH Properties by 124.5% during the fourth quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust's stock worth $76,121,000 after purchasing an additional 2,236,080 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of UMH Properties in the 4th quarter worth about $23,396,000. Vanguard Group Inc. grew its stake in UMH Properties by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust's stock valued at $141,722,000 after acquiring an additional 799,798 shares during the last quarter. APG Asset Management US Inc. acquired a new stake in UMH Properties in the 4th quarter valued at about $9,121,000. Finally, BROOKFIELD Corp ON raised its position in UMH Properties by 202.7% during the fourth quarter. BROOKFIELD Corp ON now owns 666,534 shares of the real estate investment trust's stock worth $12,584,000 after acquiring an additional 446,371 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

UMH Properties Trading Down 0.4%

NYSE:UMH traded down $0.06 during trading hours on Thursday, reaching $17.05. 357,118 shares of the company were exchanged, compared to its average volume of 432,526. UMH Properties, Inc. has a 52-week low of $15.23 and a 52-week high of $20.64. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 131.16, a PEG ratio of 2.93 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The stock has a 50 day simple moving average of $17.06 and a 200 day simple moving average of $18.00.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly 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. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of $61.23 million for the quarter, compared to analysts' expectations of $62.82 million. As a group, analysts predict 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 issued a $0.225 dividend. This is an increase from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, May 15th. UMH Properties's dividend payout ratio is currently 750.00%.

Wall Street Analyst Weigh In

Several research firms have recently commented on UMH. B. Riley reiterated a "buy" rating on shares of UMH Properties in a research report on Tuesday, May 13th. Maxim Group reduced their target price 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. Finally, Wall Street Zen raised UMH Properties from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.00.

Check Out Our Latest Analysis on UMH Properties

Insider Buying and Selling at UMH Properties

In other news, Director William Edward Mitchell sold 39,974 shares of the business's stock in a transaction on Thursday, May 15th. The shares were 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction on Monday, June 9th. The stock was sold at an average price of $16.87, for a total transaction of $421,750.00. Following the sale, the chief executive officer now directly owns 1,140,265 shares in the company, valued at $19,236,270.55. This trade represents a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,826 shares of company stock valued at $2,745,314 over the last three months. 8.77% of the stock is owned by company insiders.

UMH Properties Profile

(Free Report)

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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Institutional Ownership by Quarter for UMH Properties (NYSE:UMH)

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