Asset Management One Co. Ltd. Buys 4,068 Shares of UMH Properties, Inc. (NYSE:UMH)

Asset Management One Co. Ltd. increased its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,317 shares of the real estate investment trust’s stock after acquiring an additional 4,068 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.14% of UMH Properties worth $1,468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. boosted its stake in UMH Properties by 6.1% during the third quarter. D.A. Davidson & CO. now owns 657,676 shares of the real estate investment trust’s stock worth $9,221,000 after acquiring an additional 37,909 shares in the last quarter. Invesco Ltd. raised its holdings in shares of UMH Properties by 21.4% in the third quarter. Invesco Ltd. now owns 625,464 shares of the real estate investment trust’s stock valued at $8,769,000 after purchasing an additional 110,276 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of UMH Properties by 29.5% in the third quarter. American Century Companies Inc. now owns 2,532,194 shares of the real estate investment trust’s stock valued at $35,501,000 after purchasing an additional 576,304 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of UMH Properties by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 742,848 shares of the real estate investment trust’s stock valued at $10,415,000 after purchasing an additional 46,291 shares during the last quarter. Finally, Private Management Group Inc. raised its holdings in shares of UMH Properties by 609.8% in the third quarter. Private Management Group Inc. now owns 1,036,353 shares of the real estate investment trust’s stock valued at $14,530,000 after purchasing an additional 890,355 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UMH has been the subject of several analyst reports. B. Riley initiated coverage on shares of UMH Properties in a report on Thursday, March 21st. They issued a “buy” rating and a $18.50 target price for the company. Compass Point raised their price objective on shares of UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a report on Thursday, March 21st. Wedbush reissued a “neutral” rating and set a $17.00 target price on shares of UMH Properties in a report on Monday, March 25th. Finally, StockNews.com lowered UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.00.

UMH Properties Trading Down 1.4 %

UMH stock opened at $15.45 on Friday. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66. UMH Properties, Inc. has a twelve month low of $13.26 and a twelve month high of $16.85. The stock has a 50-day simple moving average of $15.42 and a two-hundred day simple moving average of $14.91.

UMH Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend is Tuesday, May 14th. This is a positive change from UMH Properties’s previous quarterly dividend of $0.21. UMH Properties’s payout ratio is presently -546.63%.

Insider Transactions at UMH Properties

In other news, COO Brett Taft sold 9,800 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total transaction of $155,918.00. Following the completion of the transaction, the chief operating officer now owns 97,049 shares of the company’s stock, valued at $1,544,049.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 239 shares of company stock valued at $3,506. 9.09% of the stock is owned by corporate insiders.

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.