Nisa Investment Advisors LLC Sells 768 Shares of UMH Properties, Inc. (NYSE:UMH)

Nisa Investment Advisors LLC trimmed its holdings in UMH Properties, Inc. (NYSE:UMH) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,808 shares of the real estate investment trust’s stock after selling 768 shares during the quarter. Nisa Investment Advisors LLC’s holdings in UMH Properties were worth $380,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Federated Hermes Inc. raised its holdings 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 purchasing an additional 856 shares during the last quarter. Spire Wealth Management raised its stake in shares of UMH Properties by 177.8% during 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 acquired a new position in UMH Properties in the first quarter valued at approximately $58,000. Quantbot Technologies LP lifted its holdings in 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 valued at $60,000 after buying an additional 3,200 shares during the period. Finally, Ameritas Investment Partners Inc. grew its holdings in UMH Properties by 22.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,546 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 832 shares during the period. 75.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on UMH shares. B. Riley assumed coverage on UMH Properties in a research note on Thursday, March 21st. They issued a “buy” rating and a $18.50 price target on the stock. Wedbush restated a “neutral” rating and issued a $17.00 price target on shares of UMH Properties in a research report on Monday, March 25th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Compass Point raised their price target on UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, UMH Properties presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Insider Buying and Selling

In related 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 sale, the chief operating officer now owns 97,049 shares of the company’s stock, valued at approximately $1,544,049.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.63% of the stock is currently owned by company insiders.

UMH Properties Stock Up 0.5 %

NYSE:UMH opened at $15.25 on Friday. UMH Properties, Inc. has a 12-month low of $13.26 and a 12-month 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 firm has a market capitalization of $1.06 billion, a P/E ratio of -101.63, a P/E/G ratio of 2.72 and a beta of 1.24. The stock’s fifty day simple moving average is $15.47 and its 200-day simple moving average is $14.95.

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 paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 5.64%. The ex-dividend date is Tuesday, May 14th. This is an increase from UMH Properties’s previous quarterly dividend of $0.21. UMH Properties’s dividend payout ratio (DPR) is presently -546.63%.

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.