UMH Properties, Inc. $UMH Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 27.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 302,884 shares of the real estate investment trust’s stock after selling 116,535 shares during the period. Envestnet Asset Management Inc. owned approximately 0.36% of UMH Properties worth $4,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its position in shares of UMH Properties by 13.5% during the 2nd quarter. American Century Companies Inc. now owns 2,389,308 shares of the real estate investment trust’s stock worth $40,116,000 after buying an additional 283,700 shares in the last quarter. Geode Capital Management LLC raised its holdings in UMH Properties by 5.5% during the second quarter. Geode Capital Management LLC now owns 1,999,240 shares of the real estate investment trust’s stock worth $33,571,000 after purchasing an additional 103,446 shares in the last quarter. Jennison Associates LLC lifted its position in UMH Properties by 10.9% in the second quarter. Jennison Associates LLC now owns 1,536,362 shares of the real estate investment trust’s stock worth $25,796,000 after purchasing an additional 150,718 shares during the period. D.A. Davidson & CO. boosted its stake in UMH Properties by 35.7% during the 3rd quarter. D.A. Davidson & CO. now owns 1,470,755 shares of the real estate investment trust’s stock valued at $21,841,000 after purchasing an additional 387,021 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of UMH Properties by 8.3% during the 2nd quarter. Bank of America Corp DE now owns 1,189,252 shares of the real estate investment trust’s stock valued at $19,968,000 after purchasing an additional 91,202 shares during the period. 75.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UMH shares. Colliers Securities upgraded UMH Properties to a “buy” rating in a report on Thursday, December 4th. Cantor Fitzgerald reissued a “neutral” rating and issued a $16.00 price target on shares of UMH Properties in a report on Monday, January 5th. B. Riley Financial reduced their price objective on shares of UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.00.

UMH Properties Trading Up 0.3%

NYSE UMH opened at $16.22 on Tuesday. The firm’s 50 day moving average price is $15.99 and its two-hundred day moving average price is $15.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.86 and a current ratio of 6.86. UMH Properties, Inc. has a twelve month low of $13.95 and a twelve month high of $19.14. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 202.79, a PEG ratio of 2.70 and a beta of 1.09.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Tuesday, February 17th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, February 17th. UMH Properties’s dividend payout ratio is 1,125.00%.

About UMH Properties

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.