Commonwealth Equity Services LLC Has $939,000 Position in UMH Properties, Inc. (NYSE:UMH)

Commonwealth Equity Services LLC lessened its position in UMH Properties, Inc. (NYSE:UMHFree Report) by 7.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,821 shares of the real estate investment trust’s stock after selling 4,873 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.08% of UMH Properties worth $939,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its stake in UMH Properties by 382.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,711 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in UMH Properties by 52.7% in the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 1,856 shares in the last quarter. International Assets Investment Management LLC lifted its stake in UMH Properties by 1,440.7% in the 4th quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 7,391 shares in the last quarter. New York Life Investment Management LLC bought a new stake in UMH Properties in the 4th quarter valued at approximately $156,000. Finally, Strs Ohio lifted its stake in UMH Properties by 6.1% in the 4th quarter. Strs Ohio now owns 12,200 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Performance

Shares of UMH Properties stock opened at $16.37 on Tuesday. UMH Properties, Inc. has a 12-month low of $13.26 and a 12-month high of $16.85. The business’s 50 day moving average is $15.58 and its 200-day moving average is $15.47. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.59.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Thursday, August 15th. UMH Properties’s dividend payout ratio (DPR) is presently -573.30%.

Insider Activity at UMH Properties

In related news, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total value of $375,250.00. Following the sale, the chief executive officer now owns 1,149,565 shares in the company, valued at approximately $17,254,970.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total value of $375,250.00. Following the sale, the chief executive officer now owns 1,149,565 shares in the company, valued at approximately $17,254,970.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. Landy purchased 4,700 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average price of $15.45 per share, for a total transaction of $72,615.00. Following the purchase, the director now owns 341,796 shares in the company, valued at approximately $5,280,748.20. The disclosure for this purchase can be found here. 8.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Compass Point boosted 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. B. Riley reiterated a “buy” rating and set a $18.50 price objective on shares of UMH Properties in a research note on Thursday, May 30th. StockNews.com cut UMH Properties from a “hold” rating to a “sell” rating in a research note on Monday. William Blair reiterated a “neutral” rating on shares of UMH Properties in a research note on Monday, May 13th. Finally, Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of UMH Properties in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.00.

View Our Latest Report on UMH

UMH Properties Profile

(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.

Further Reading

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

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