The Manufacturers Life Insurance Company Raises Holdings in UMH Properties, Inc. (NYSE:UMH)

The Manufacturers Life Insurance Company increased its position in UMH Properties, Inc. (NYSE:UMH) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,783 shares of the real estate investment trust’s stock after buying an additional 918 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of UMH Properties worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,456 shares during the period. Sterling Capital Management LLC raised its position in UMH Properties by 861.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,748 shares during the period. Golden State Wealth Management LLC purchased a new position in UMH Properties in the fourth quarter valued at about $38,000. Tower Research Capital LLC TRC raised its position in UMH Properties by 374.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 2,027 shares during the period. Finally, Ulland Investment Advisors LLC raised its position in UMH Properties by 291.5% in the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 2,915 shares during the period. 75.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. B. Riley reissued a “buy” rating on shares of UMH Properties in a research report on Tuesday. Maxim Group cut their price objective on UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, May 5th. Finally, StockNews.com lowered UMH Properties from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, UMH Properties presently has an average rating of “Hold” and a consensus price target of $21.00.

Insider Buying and Selling

In related news, Director William Edward Mitchell sold 70,852 shares of UMH Properties stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the completion of the transaction, the director now directly owns 215,427 shares in the company, valued at approximately $3,705,344.40. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.77% of the company’s stock.

UMH Properties Stock Down 0.9%

Shares of NYSE UMH opened at $16.90 on Thursday. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 130.01, a PEG ratio of 2.93 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock’s 50-day simple moving average is $17.67 and its 200-day simple moving average is $18.31.

UMH Properties (NYSE:UMH) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of $61.23 million for the quarter, compared to analyst estimates of $62.82 million. As a group, equities analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.33%. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. UMH Properties’s dividend payout ratio (DPR) is 750.00%.

UMH Properties Company Profile

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.