abrdn plc Buys 5,685 Shares of UMH Properties, Inc. (NYSE:UMH)

abrdn plc boosted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 44.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,464 shares of the real estate investment trust’s stock after buying an additional 5,685 shares during the period. abrdn plc’s holdings in UMH Properties were worth $346,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UMH. Jennison Associates LLC lifted its position in shares of UMH Properties by 11.0% during the fourth quarter. Jennison Associates LLC now owns 1,462,585 shares of the real estate investment trust’s stock worth $27,614,000 after purchasing an additional 145,310 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in UMH Properties by 2.4% during the fourth quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust’s stock worth $53,401,000 after acquiring an additional 67,353 shares in the last quarter. Custom Index Systems LLC bought a new stake in shares of UMH Properties during the fourth quarter worth $215,000. Vert Asset Management LLC lifted its holdings in shares of UMH Properties by 22.2% in the fourth quarter. Vert Asset Management LLC now owns 31,268 shares of the real estate investment trust’s stock valued at $590,000 after purchasing an additional 5,670 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its position in UMH Properties by 3.9% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 87,620 shares of the real estate investment trust’s stock worth $1,654,000 after acquiring an additional 3,325 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Performance

Shares of UMH opened at $18.21 on Wednesday. UMH Properties, Inc. has a 1 year low of $14.09 and a 1 year high of $20.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The stock’s fifty day moving average price is $18.58 and its two-hundred day moving average price is $18.96. The firm has a market cap of $1.44 billion, a PE ratio of 140.10, a PEG ratio of 3.02 and a beta of 1.28.

UMH Properties Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 annualized dividend and a dividend yield of 4.72%. UMH Properties’s dividend payout ratio is currently 661.59%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other UMH Properties 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 value of $53,928.00. Following the completion of the sale, the director now owns 7,993 shares of the company’s stock, valued at $153,945.18. This represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.63% of the stock is currently owned by insiders.

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.