Knights of Columbus Asset Advisors LLC Boosts Position in UMH Properties, Inc. (NYSE:UMH)

Knights of Columbus Asset Advisors LLC increased its stake in UMH Properties, Inc. (NYSE:UMH) by 102.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,569 shares of the real estate investment trust’s stock after buying an additional 124,019 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.37% of UMH Properties worth $3,747,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UMH. Raymond James & Associates increased its stake in UMH Properties by 9.4% in the 1st quarter. Raymond James & Associates now owns 58,369 shares of the real estate investment trust’s stock worth $1,435,000 after buying an additional 5,025 shares during the period. Bank of New York Mellon Corp increased its stake in UMH Properties by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 373,985 shares of the real estate investment trust’s stock worth $9,197,000 after buying an additional 18,507 shares during the period. Citigroup Inc. increased its stake in UMH Properties by 7.7% in the 1st quarter. Citigroup Inc. now owns 12,773 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 911 shares during the period. MetLife Investment Management LLC grew its holdings in UMH Properties by 55.2% during the 1st quarter. MetLife Investment Management LLC now owns 23,163 shares of the real estate investment trust’s stock worth $570,000 after acquiring an additional 8,238 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in UMH Properties by 1.3% during the 1st quarter. Rhumbline Advisers now owns 53,796 shares of the real estate investment trust’s stock worth $1,323,000 after acquiring an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Insider Activity

In related news, COO Brett Taft sold 9,800 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total value of $155,918.00. Following the completion of the transaction, the chief operating officer now directly owns 97,049 shares of the company’s stock, valued at approximately $1,544,049.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.63% of the company’s stock.

UMH Properties Stock Up 0.9 %

NYSE:UMH opened at $15.37 on Friday. UMH Properties, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $16.85. The company has a debt-to-equity ratio of 1.66, a quick ratio of 6.52 and a current ratio of 6.52. The company’s 50-day simple moving average is $15.48 and its 200-day simple moving average is $14.97.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be issued a $0.215 dividend. This is a boost from UMH Properties’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Tuesday, May 14th. UMH Properties’s dividend payout ratio (DPR) is currently -546.63%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Compass Point increased their target price 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 reiterated a “neutral” rating and set a $17.00 target price on shares of UMH Properties in a report on Monday, March 25th. Finally, B. Riley assumed coverage on shares of UMH Properties in a report on Thursday, March 21st. They set a “buy” rating and a $18.50 target price on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.00.

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.