SG Americas Securities LLC Buys 10,984 Shares of UMH Properties, Inc. (NYSE:UMH)

SG Americas Securities LLC boosted its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 43.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,228 shares of the real estate investment trust’s stock after purchasing an additional 10,984 shares during the quarter. SG Americas Securities LLC’s holdings in UMH Properties were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UMH. Maryland Capital Advisors Inc. purchased a new stake in shares of UMH Properties during the 3rd quarter valued at $26,000. Loomis Sayles & Co. L P increased its position in UMH Properties by 2,760.0% during 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 in the last quarter. US Bancorp DE raised its stake in UMH Properties by 261.1% in the third 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. boosted its holdings in UMH Properties by 36.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 698 shares in the last quarter. Finally, Ulland Investment Advisors LLC boosted its holdings 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 worth $74,000 after acquiring an additional 2,915 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UMH. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

Insider Buying and Selling at UMH Properties

In related news, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction on Tuesday, November 19th. The shares were 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 $153,945.18. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,845 shares of company stock worth $1,051,210. Insiders own 8.63% of the company’s stock.

UMH Properties Trading Up 0.1 %

UMH Properties stock opened at $18.03 on Friday. The stock has a 50-day moving average price of $18.75 and a 200 day moving average price of $18.91. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 138.73, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.

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

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.77%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio is currently 661.59%.

About UMH Properties

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.