Boston Partners lowered its position in shares of UMH Properties, Inc. (NYSE:UMH – Get Rating) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,257 shares of the real estate investment trust’s stock after selling 4,099 shares during the quarter. Boston Partners owned approximately 0.24% of UMH Properties worth $3,232,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of UMH Properties by 16.2% during the third quarter. Victory Capital Management Inc. now owns 161,129 shares of the real estate investment trust’s stock worth $3,690,000 after acquiring an additional 22,417 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in UMH Properties by 11.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 63,477 shares of the real estate investment trust’s stock valued at $1,454,000 after purchasing an additional 6,385 shares during the last quarter. American International Group Inc. increased its holdings in UMH Properties by 2.5% in the third quarter. American International Group Inc. now owns 23,231 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 571 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in UMH Properties by 23.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 74,970 shares of the real estate investment trust’s stock valued at $2,049,000 after purchasing an additional 14,280 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in UMH Properties by 4.1% in the third quarter. Royal Bank of Canada now owns 515,886 shares of the real estate investment trust’s stock valued at $11,813,000 after purchasing an additional 20,264 shares during the last quarter. Institutional investors own 67.74% of the company’s stock.
In related news, Director Steven B. Wolgin sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $24.40, for a total transaction of $67,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven B. Wolgin sold 4,285 shares of the stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $23.09, for a total value of $98,940.65. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,088 shares of company stock valued at $25,761 and have sold 8,710 shares valued at $206,663. 9.23% of the stock is currently owned by company insiders.
UMH Properties (NYSE:UMH – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). UMH Properties had a return on equity of 26.10% and a net margin of 27.45%. During the same period in the prior year, the company earned $0.20 earnings per share. On average, equities analysts anticipate that UMH Properties, Inc. will post 0.98 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Monday, May 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.36%. UMH Properties’s payout ratio is presently 181.82%.
UMH has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on UMH Properties in a report on Thursday, March 31st. They issued a “sell” rating for the company. Zacks Investment Research downgraded UMH Properties from a “buy” rating to a “hold” rating in a report on Thursday, March 3rd. Finally, Colliers Securities began coverage on UMH Properties in a report on Wednesday, January 19th. They issued a “neutral” rating and a $26.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.90.
UMH Properties Profile (Get Rating)
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
- Get a free copy of the StockNews.com research report on UMH Properties (UMH)
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