Hunter Perkins Capital Management LLC Sells 92,960 Shares of UMH Properties, Inc. (NYSE:UMH)

Hunter Perkins Capital Management LLC lessened its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 71.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,350 shares of the real estate investment trust's stock after selling 92,960 shares during the period. Hunter Perkins Capital Management LLC owned about 0.06% of UMH Properties worth $572,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. American International Group Inc. lifted its holdings in UMH Properties by 2.4% during the 4th quarter. American International Group Inc. now owns 24,071 shares of the real estate investment trust's stock worth $388,000 after buying an additional 558 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of UMH Properties by 1.3% in the 1st quarter. Rhumbline Advisers now owns 53,796 shares of the real estate investment trust's stock worth $1,323,000 after purchasing an additional 702 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of UMH Properties by 22.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,546 shares of the real estate investment trust's stock worth $73,000 after purchasing an additional 832 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of UMH Properties by 3.8% in the 4th quarter. Legal & General Group Plc now owns 23,173 shares of the real estate investment trust's stock worth $373,000 after purchasing an additional 854 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of UMH Properties by 54.9% in the 3rd quarter. Federated Hermes Inc. now owns 2,414 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 856 shares during the last quarter. Institutional investors own 75.40% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. B. Riley assumed coverage on UMH Properties in a report on Thursday, March 21st. They issued a "buy" rating and a $18.50 price target on the stock. Compass Point raised their price target on UMH Properties from $20.00 to $21.50 and gave the stock a "buy" rating in a report on Thursday, March 21st. StockNews.com downgraded UMH Properties from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Wedbush reaffirmed a "neutral" rating and set a $17.00 target price on shares of UMH Properties in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, UMH Properties has a consensus rating of "Hold" and a consensus price target of $19.00.

UMH Properties Stock Performance

UMH Properties stock traded up $0.18 during mid-day trading on Wednesday, hitting $15.84. 391,425 shares of the company's stock traded hands, compared to its average volume of 373,423. The firm has a 50 day moving average price of $15.28 and a 200 day moving average price of $14.79. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66. The company has a market cap of $1.10 billion, a PE ratio of -105.59, a price-to-earnings-growth ratio of 2.80 and a beta of 1.24. UMH Properties, Inc. has a one year low of $13.26 and a one year high of $16.85.

UMH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend was Wednesday, February 14th. UMH Properties's dividend payout ratio (DPR) is presently -546.63%.

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.