Copeland Capital Management LLC Cuts Stake in UMH Properties, Inc. (NYSE:UMH)

Copeland Capital Management LLC reduced its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing 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 period. Copeland Capital Management LLC owned approximately 3.32% of UMH Properties worth $51,309,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UMH. GF Fund Management CO. LTD. acquired a new stake in shares of UMH Properties during the fourth quarter valued at about $26,000. Farther Finance Advisors LLC boosted its stake in shares of UMH Properties by 1,011.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,456 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of UMH Properties by 861.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,748 shares during the period. Tower Research Capital LLC TRC raised its stake in UMH Properties by 374.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust's stock worth $48,000 after buying an additional 2,027 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in UMH Properties by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 4,000 shares of the real estate investment trust's stock valued at $75,000 after buying an additional 2,000 shares during the period. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on UMH shares. B. Riley reiterated a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Maxim Group dropped their price target 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 shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Two 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 has a consensus rating of "Moderate Buy" and an average price target of $21.00.

UMH Properties Stock Performance

Shares of NYSE UMH traded up $0.15 during midday trading on Tuesday, reaching $16.94. The company's stock had a trading volume of 372,762 shares, compared to its average volume of 439,804. The stock has a market capitalization of $1.42 billion, a P/E ratio of 141.18, a PEG ratio of 2.78 and a beta of 1.12. The company has a debt-to-equity ratio of 1.02, a current ratio of 6.98 and a quick ratio of 6.98. The firm has a 50 day moving average price of $17.03 and a 200-day moving average price of $17.75. UMH Properties, Inc. has a 12-month low of $15.74 and a 12-month high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. The firm 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 5.14% and a net margin of 11.51%. As a group, equities analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

Insider Buying and Selling at UMH Properties

In other UMH Properties news, CEO Samuel A. Landy sold 25,000 shares of the 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 sale, the chief executive officer directly owned 1,140,265 shares in the company, valued at $19,236,270.55. This represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Edward Mitchell sold 70,852 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $17.20, for a total transaction of $1,218,654.40. Following the completion of the transaction, the director directly owned 215,427 shares in the company, valued at approximately $3,705,344.40. The trade was a 24.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,826 shares of company stock valued at $2,745,314. 8.77% of the stock is owned by corporate insiders.

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.