Snowden Capital Advisors LLC Increases Holdings in UMH Properties, Inc. (NYSE:UMH)

Snowden Capital Advisors LLC lifted its position in shares of UMH Properties, Inc. (NYSE:UMH) by 7.2% during the fourth quarter, Holdings Channel reports. The firm owned 31,532 shares of the real estate investment trust’s stock after acquiring an additional 2,108 shares during the quarter. Snowden Capital Advisors LLC’s holdings in UMH Properties were worth $595,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in UMH Properties by 1,011.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,456 shares during the period. Sterling Capital Management LLC increased its position in UMH Properties by 861.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,748 shares during the period. Golden State Wealth Management LLC acquired a new position in UMH Properties in the 4th quarter valued at about $38,000. Tower Research Capital LLC TRC increased its position in UMH Properties by 374.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 2,027 shares during the period. Finally, Ulland Investment Advisors LLC increased its position in UMH Properties by 291.5% in the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 2,915 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insider Transactions at UMH Properties

In other news, CEO Samuel A. Landy sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $17.11, for a total transaction of $427,750.00. Following the sale, the chief executive officer now owns 1,165,265 shares of the company’s stock, valued at $19,937,684.15. The trade was a 2.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Edward Mitchell sold 70,852 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the sale, the director now directly owns 215,427 shares in the company, valued at $3,705,344.40. This trade represents a 24.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,826 shares of company stock valued at $2,323,564 in the last quarter. 8.77% of the stock is currently owned by corporate insiders.

UMH Properties Stock Performance

NYSE UMH opened at $17.03 on Wednesday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $17.59 and its two-hundred day moving average is $18.27. UMH Properties, Inc. has a 12-month low of $14.73 and a 12-month high of $20.64. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 131.01, a PEG ratio of 2.93 and a beta of 1.14.

UMH Properties (NYSE:UMH) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $61.23 million for the quarter, compared to analysts’ expectations of $62.82 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. Research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.225 per share. This is a positive change from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.28%. UMH Properties’s payout ratio is 750.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on UMH shares. B. Riley reiterated a “buy” rating on shares of UMH Properties in a research report on Tuesday, May 13th. StockNews.com cut UMH Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Maxim Group dropped their target price on UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, UMH Properties has an average rating of “Hold” and a consensus target price of $21.00.

UMH Properties 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.