Envestnet Asset Management Inc. Has $3.07 Million Position in UMH Properties, Inc. (NYSE:UMH)

Envestnet Asset Management Inc. boosted its position in shares of UMH Properties, Inc. (NYSE:UMH – Get Rating) by 3.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,077 shares of the real estate investment trust’s stock after purchasing an additional 5,665 shares during the quarter. Envestnet Asset Management Inc. owned 0.35% of UMH Properties worth $3,070,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Credit Suisse AG grew its holdings in UMH Properties by 8.3% during the third quarter. Credit Suisse AG now owns 40,377 shares of the real estate investment trust’s stock valued at $651,000 after purchasing an additional 3,097 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of UMH Properties by 8.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 49,300 shares of the real estate investment trust’s stock valued at $796,000 after buying an additional 3,800 shares during the period. Heartland Advisors Inc. acquired a new position in shares of UMH Properties in the third quarter valued at approximately $5,653,000. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of UMH Properties by 6.7% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 219,437 shares of the real estate investment trust’s stock valued at $3,544,000 after buying an additional 13,710 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of UMH Properties by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 688,290 shares of the real estate investment trust’s stock valued at $11,116,000 after buying an additional 4,517 shares during the period. Institutional investors and hedge funds own 71.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UMH shares. Maxim Group reduced their price target on shares of UMH Properties from $28.00 to $22.00 in a report on Monday, November 14th. EF Hutton Acquisition Co. I reiterated a “buy” rating and issued a $21.00 price target on shares of UMH Properties in a report on Wednesday, March 1st. TheStreet upgraded shares of UMH Properties from a “d+” rating to a “c” rating in a report on Tuesday, February 28th. B. Riley reduced their target price on shares of UMH Properties from $24.00 to $21.00 and set a “buy” rating for the company in a report on Friday, November 11th. Finally, Wedbush reduced their target price on shares of UMH Properties from $27.50 to $21.00 in a report on Thursday, November 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, UMH Properties has an average rating of “Moderate Buy” and a consensus price target of $21.75.

Insiders Place Their Bets

In other news, Director Matthew I. Hirsch purchased 1,750 shares of the company’s stock in a transaction on Thursday, January 5th. The shares were purchased at an average cost of $15.97 per share, with a total value of $27,947.50. Following the completion of the transaction, the director now owns 39,298 shares of the company’s stock, valued at approximately $627,589.06. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have bought 2,268 shares of company stock valued at $38,453. 9.23% of the stock is currently owned by corporate insiders.

UMH Properties Stock Performance

NYSE UMH opened at $15.78 on Wednesday. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 2.34. The firm’s fifty day moving average price is $17.12 and its two-hundred day moving average price is $17.15. UMH Properties, Inc. has a 1 year low of $15.14 and a 1 year high of $25.46. The firm has a market capitalization of $941.12 million, a P/E ratio of -23.55, a price-to-earnings-growth ratio of 3.78 and a beta of 1.27.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.205 per share. This is a positive change from UMH Properties’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend is Tuesday, February 14th. UMH Properties’s dividend payout ratio is -122.39%.

UMH Properties Company Profile

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UMH Properties, Inc operates as a real estate investment trust. It engages in the ownership and operation of manufactured home communities in seven states throughout the northeast. These states include New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. Manufactured home communities provide long-term appreciation, recession resistant qualities, and stable income streams.