Pensionfund Sabic Has $604,000 Position in UMH Properties, Inc. (NYSE:UMH)

Pensionfund Sabic reduced its holdings in UMH Properties, Inc. (NYSE:UMHGet Rating) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,564 shares of the real estate investment trust’s stock after selling 5,000 shares during the period. Pensionfund Sabic’s holdings in UMH Properties were worth $604,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GW&K Investment Management LLC acquired a new position in shares of UMH Properties during the 4th quarter worth about $17,918,000. Scout Investments Inc. acquired a new position in shares of UMH Properties during the 4th quarter worth about $8,016,000. Jennison Associates LLC increased its stake in shares of UMH Properties by 27.2% during the 4th quarter. Jennison Associates LLC now owns 956,464 shares of the real estate investment trust’s stock worth $26,140,000 after purchasing an additional 204,343 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of UMH Properties by 107.9% during the 4th quarter. Nordea Investment Management AB now owns 346,971 shares of the real estate investment trust’s stock worth $9,278,000 after purchasing an additional 180,048 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in shares of UMH Properties during the 4th quarter worth about $3,194,000. Hedge funds and other institutional investors own 69.02% of the company’s stock.

In other news, Director Kenneth K. Quigley, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was bought at an average price of $19.35 per share, with a total value of $48,375.00. Following the acquisition, the director now owns 19,865 shares in the company, valued at approximately $384,387.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth K. Quigley, Jr. purchased 3,500 shares of the business’s stock in a transaction dated Friday, May 13th. The shares were purchased at an average cost of $18.81 per share, with a total value of $65,835.00. Following the acquisition, the director now owns 17,365 shares in the company, valued at approximately $326,635.65. The disclosure for this purchase can be found here. Insiders acquired a total of 7,104 shares of company stock valued at $139,982 in the last three months. Insiders own 9.23% of the company’s stock.

NYSE UMH opened at $16.95 on Thursday. The company has a quick ratio of 16.65, a current ratio of 16.65 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $919.47 million, a P/E ratio of 89.22, a P/E/G ratio of 3.90 and a beta of 1.15. UMH Properties, Inc. has a 12-month low of $16.50 and a 12-month high of $27.50. The firm has a 50-day moving average price of $20.55 and a two-hundred day moving average price of $23.01.

UMH Properties (NYSE:UMHGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.30). UMH Properties had a net margin of 21.44% and a return on equity of 16.45%. During the same quarter in the prior year, the company posted $0.20 earnings per share. Equities analysts expect that UMH Properties, Inc. will post 0.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Monday, May 16th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Friday, May 13th. UMH Properties’s dividend payout ratio is currently 421.07%.

Several research analysts have recently weighed in on UMH shares. StockNews.com initiated coverage on shares of UMH Properties in a research note on Thursday, March 31st. They set a “sell” rating on the stock. B. Riley decreased their price target on shares of UMH Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, May 9th. Compass Point set a $26.50 price target on shares of UMH Properties in a research note on Monday. Finally, Maxim Group reiterated a “buy” rating and issued a $28.00 price target on shares of UMH Properties in a research note on Friday, May 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.33.

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.

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

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