Diversified Trust Co Acquires 1,957 Shares of UMH Properties, Inc. (NYSE:UMH)

Diversified Trust Co raised its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 12.6% in the 4th quarter, HoldingsChannel reports. The firm owned 17,436 shares of the real estate investment trust’s stock after buying an additional 1,957 shares during the period. Diversified Trust Co’s holdings in UMH Properties were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Maryland Capital Advisors Inc. bought a new position in shares of UMH Properties during the third quarter worth approximately $26,000. Loomis Sayles & Co. L P increased its position in UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 2,346 shares during the period. US Bancorp DE lifted its holdings in shares of UMH Properties by 261.1% during the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,791 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of UMH Properties by 36.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 698 shares during the period. Finally, Quarry LP grew its stake in shares of UMH Properties by 904.5% in the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 3,419 shares in the last quarter. 75.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

UMH Properties Price Performance

Shares of NYSE UMH opened at $17.63 on Friday. The stock has a market capitalization of $1.39 billion, a PE ratio of 135.63, a P/E/G ratio of 3.47 and a beta of 1.29. UMH Properties, Inc. has a fifty-two week low of $14.09 and a fifty-two week high of $20.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The business has a fifty day moving average price of $19.06 and a two-hundred day moving average price of $18.74.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The firm had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. During the same period in the prior year, the company earned $0.22 EPS. As a group, equities analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.86 annualized dividend and a dividend yield of 4.88%. UMH Properties’s dividend payout ratio is 661.54%.

Insider Activity at UMH Properties

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the transaction, the director now directly owns 7,993 shares of the company’s stock, valued at $153,945.18. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,845 shares of company stock valued at $1,051,210 over the last three months. 8.63% of the stock is owned by insiders.

About UMH Properties

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.