Asset Management One Co. Ltd. Increases Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Asset Management One Co. Ltd. increased its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,317 shares of the real estate investment trust’s stock after buying an additional 4,068 shares during the quarter. Asset Management One Co. Ltd.’s holdings in UMH Properties were worth $1,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UMH. Federated Hermes Inc. grew its stake in UMH Properties by 54.9% during the 3rd quarter. Federated Hermes Inc. now owns 2,414 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 856 shares during the last quarter. Spire Wealth Management boosted its stake in shares of UMH Properties by 177.8% in the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,125 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of UMH Properties in the first quarter worth about $58,000. Quantbot Technologies LP boosted its stake in shares of UMH Properties by 1,600.0% in the second quarter. Quantbot Technologies LP now owns 3,400 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 3,200 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of UMH Properties by 22.4% in the second quarter. Ameritas Investment Partners Inc. now owns 4,546 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 832 shares during the last quarter. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Compass Point upped their price target on UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a report on Thursday, March 21st. StockNews.com cut UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. B. Riley assumed coverage on UMH Properties in a report on Thursday, March 21st. They set a “buy” rating and a $18.50 target price for the company. Finally, Wedbush reissued a “neutral” rating and set a $17.00 target price on shares of UMH Properties in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.

UMH Properties Stock Performance

NYSE:UMH opened at $15.45 on Friday. UMH Properties, Inc. has a one year low of $13.26 and a one year high of $16.85. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average price of $15.42 and a 200 day moving average price of $14.91.

UMH Properties Increases Dividend

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

Insider Buying and Selling

In other news, COO Brett Taft sold 9,800 shares of the firm’s stock in a transaction on 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 directly owns 97,049 shares in the company, valued at $1,544,049.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders acquired 239 shares of company stock worth $3,506. Company insiders own 9.09% of the company’s stock.

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.