Copeland Capital Management LLC Cuts Stock Holdings in UMH Properties, Inc. $UMH

Copeland Capital Management LLC lowered its stake in UMH Properties, Inc. (NYSE:UMH) by 37.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,592,544 shares of the real estate investment trust’s stock after selling 959,514 shares during the period. Copeland Capital Management LLC owned approximately 1.88% of UMH Properties worth $23,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of UMH. KBC Group NV grew its position in UMH Properties by 74.0% during the 2nd quarter. KBC Group NV now owns 3,005 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,278 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of UMH Properties during the second quarter valued at approximately $52,000. AlphaCore Capital LLC bought a new position in shares of UMH Properties in the second quarter worth approximately $90,000. BNP Paribas Financial Markets increased its stake in shares of UMH Properties by 127.5% in the second quarter. BNP Paribas Financial Markets now owns 9,182 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 5,146 shares during the period. Finally, Prudential Financial Inc. bought a new stake in UMH Properties during the 2nd quarter valued at $181,000. Institutional investors own 75.40% of the company’s stock.

UMH Properties Price Performance

Shares of NYSE UMH opened at $16.00 on Tuesday. UMH Properties, Inc. has a 1 year low of $13.95 and a 1 year high of $19.14. The stock has a market capitalization of $1.36 billion, a P/E ratio of 199.96, a P/E/G ratio of 2.81 and a beta of 1.09. The company’s 50-day moving average is $15.20 and its 200 day moving average is $15.63. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.86 and a quick ratio of 6.86.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. UMH Properties had a net margin of 10.47% and a return on equity of 4.47%. The business had revenue of $66.92 million during the quarter, compared to analyst estimates of $68.70 million. On average, sell-side analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 17th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, November 17th. UMH Properties’s dividend payout ratio is presently 1,125.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UMH shares. Colliers Securities raised shares of UMH Properties to a “buy” rating in a report on Thursday, December 4th. B. Riley cut their target price on UMH Properties from $19.00 to $18.50 and set a “buy” rating on the stock in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UMH Properties in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald assumed coverage on UMH Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $15.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.20.

Insiders Place Their Bets

In other news, CEO Samuel A. Landy sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $14.19, for a total value of $283,800.00. Following the sale, the chief executive officer directly owned 1,054,568 shares of the company’s stock, valued at $14,964,319.92. This represents a 1.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Edward Mitchell purchased 2,000 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average cost of $14.92 per share, with a total value of $29,840.00. Following the completion of the transaction, the director owned 28,737 shares in the company, valued at $428,756.04. This trade represents a 7.48% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 2,809 shares of company stock valued at $41,344. 8.77% of the stock is owned by corporate insiders.

UMH Properties Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.