UMH Properties, Inc. (NYSE:UMH) Stock Holdings Lessened by Copeland Capital Management LLC

Copeland Capital Management LLC trimmed its stake in UMH Properties, Inc. (NYSE:UMH - Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,743,774 shares of the real estate investment trust's stock after selling 84,695 shares during the quarter. Copeland Capital Management LLC owned 3.32% of UMH Properties worth $51,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in UMH. Vanguard Group Inc. increased its holdings in UMH Properties by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust's stock worth $141,722,000 after buying an additional 799,798 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in UMH Properties by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,251,335 shares of the real estate investment trust's stock worth $99,146,000 after buying an additional 57,547 shares during the last quarter. Capital Research Global Investors increased its holdings in UMH Properties by 124.5% in 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 buying an additional 2,236,080 shares during the last quarter. William Blair Investment Management LLC increased its holdings in 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, Geode Capital Management LLC increased its holdings in 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. 75.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. B. Riley restated a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Maxim Group lowered 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. Finally, Wall Street Zen upgraded UMH Properties from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Insider Activity

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

UMH Properties Trading Down 1.3%

Shares of UMH stock opened at $16.73 on Friday. UMH Properties, Inc. has a 12 month low of $15.49 and a 12 month high of $20.64. The company has a quick ratio of 6.98, a current ratio of 6.98 and a debt-to-equity ratio of 1.02. The business's 50 day moving average is $17.03 and its two-hundred day moving average is $17.79. The company has a market cap of $1.41 billion, a PE ratio of 139.40, a price-to-earnings-growth ratio of 2.81 and a beta of 1.12.

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

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Thursday, May 15th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.38%. This is a boost from UMH Properties's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, May 15th. UMH Properties's dividend payout ratio is currently 750.00%.

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.

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