Hunter Perkins Capital Management LLC Grows Stock Position in UMH Properties, Inc. (NYSE:UMH)

Hunter Perkins Capital Management LLC raised its position in UMH Properties, Inc. (NYSE:UMH) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,620 shares of the real estate investment trust’s stock after acquiring an additional 3,325 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in UMH Properties were worth $1,654,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Maryland Capital Advisors Inc. purchased a new position in shares of UMH Properties in the third quarter valued at $26,000. Loomis Sayles & Co. L P boosted its position in UMH Properties by 2,760.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 2,346 shares during the last quarter. US Bancorp DE boosted its position in UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,791 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of UMH Properties by 36.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 698 shares in the last quarter. Finally, Quarry LP increased its position in shares of UMH Properties by 904.5% during the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 3,419 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Insider Buying and Selling at UMH Properties

In other news, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the completion of the transaction, the director now directly owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. This represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,845 shares of company stock worth $1,051,210 over the last 90 days. Insiders own 8.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wedbush reissued a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Stock Performance

Shares of UMH stock opened at $17.97 on Monday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 138.26, a PEG ratio of 2.98 and a beta of 1.29. UMH Properties, Inc. has a one year low of $14.09 and a one year high of $20.64. The company’s 50-day simple moving average is $18.85 and its 200-day simple moving average is $18.90. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The firm had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. During the same period in the prior year, the business earned $0.22 EPS. Equities analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio is presently 661.59%.

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.