Nordea Investment Management AB Trims Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Nordea Investment Management AB reduced its stake in UMH Properties, Inc. (NYSE:UMHFree Report) by 87.6% during the 4th quarter, Holdings Channel reports. The fund owned 25,602 shares of the real estate investment trust’s stock after selling 180,974 shares during the period. Nordea Investment Management AB’s holdings in UMH Properties were worth $395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Diversified Trust Co purchased a new stake in shares of UMH Properties in the fourth quarter valued at $209,000. Public Employees Retirement System of Ohio lifted its position in shares of UMH Properties by 13.4% in the third quarter. Public Employees Retirement System of Ohio now owns 85,067 shares of the real estate investment trust’s stock valued at $1,193,000 after acquiring an additional 10,051 shares in the last quarter. American Century Companies Inc. lifted its position 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 acquiring an additional 576,304 shares in the last quarter. Deutsche Bank AG lifted its position in shares of UMH Properties by 7.0% in the third quarter. Deutsche Bank AG now owns 27,354 shares of the real estate investment trust’s stock valued at $384,000 after acquiring an additional 1,778 shares in the last quarter. Finally, Connors Investor Services Inc. increased its stake in UMH Properties by 24.4% in the third quarter. Connors Investor Services Inc. now owns 15,300 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 3,000 shares during the last quarter. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on UMH. Compass Point upped their target price on UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a research note on Thursday, March 21st. StockNews.com lowered UMH Properties from a “hold” rating to a “sell” rating in a research note on Tuesday. B. Riley began coverage on UMH Properties in a research note on Thursday, March 21st. They issued a “buy” rating and a $18.50 target price for the company. Finally, Wedbush reiterated a “neutral” rating and issued a $17.00 target price on shares of UMH Properties in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, UMH Properties currently has a consensus rating of “Hold” and a consensus price target of $19.00.

View Our Latest Report on UMH Properties

UMH Properties Stock Performance

Shares of NYSE:UMH opened at $15.66 on Wednesday. The firm has a market capitalization of $1.09 billion, a PE ratio of -104.39, a P/E/G ratio of 4.23 and a beta of 1.24. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.52 and a quick ratio of 6.52. The business has a 50-day moving average of $15.27 and a two-hundred day moving average of $14.78. UMH Properties, Inc. has a 12 month low of $13.26 and a 12 month high of $16.85.

UMH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were paid a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.24%. UMH Properties’s dividend payout ratio (DPR) is currently -546.63%.

About UMH Properties

(Free Report)

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.

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

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