Cerity Partners LLC Sells 17,170 Shares of UMH Properties, Inc. (NYSE:UMH)

Cerity Partners LLC decreased its holdings in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,438 shares of the real estate investment trust's stock after selling 17,170 shares during the period. Cerity Partners LLC's holdings in UMH Properties were worth $441,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UMH. Farther Finance Advisors LLC raised its holdings in shares of 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 worth $30,000 after acquiring an additional 1,456 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of UMH Properties in the fourth quarter worth approximately $38,000. Ulland Investment Advisors LLC lifted its holdings in shares of 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 valued at $74,000 after purchasing an additional 2,915 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of UMH Properties during the fourth quarter valued at approximately $197,000. Finally, Custom Index Systems LLC bought a new stake in UMH Properties during the fourth quarter worth $215,000. 75.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UMH has been the topic of a number of analyst reports. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Tuesday. Wedbush reissued a "neutral" rating and set a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $21.17.

UMH Properties Stock Up 1.6 %

UMH stock opened at $17.31 on Wednesday. The stock has a market cap of $1.43 billion, a P/E ratio of 133.13, a P/E/G ratio of 2.93 and a beta of 1.17. 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 stock's fifty day simple moving average is $17.91 and its two-hundred day simple moving average is $18.47. UMH Properties, Inc. has a 1-year low of $14.73 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.21. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The company had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. Analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Increases Dividend

The business 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. The ex-dividend date is Thursday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.20%. This is a positive change from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's dividend payout ratio (DPR) is presently 3,000.00%.

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.

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