Jennison Associates LLC Grows Position in UMH Properties, Inc. (NYSE:UMH)

Jennison Associates LLC boosted its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,462,585 shares of the real estate investment trust's stock after buying an additional 145,310 shares during the quarter. Jennison Associates LLC owned approximately 1.85% of UMH Properties worth $27,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in UMH Properties during the 3rd quarter valued at $675,000. Concurrent Investment Advisors LLC bought a new stake in UMH Properties during the 3rd quarter valued at $614,000. Barclays PLC raised its holdings in UMH Properties by 101.1% in the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust's stock worth $3,155,000 after purchasing an additional 80,660 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in UMH Properties by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust's stock worth $18,505,000 after purchasing an additional 56,662 shares in the last quarter. Finally, State Street Corp raised its holdings in UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock worth $55,127,000 after purchasing an additional 863,089 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors.

Insider Activity at UMH Properties

In other news, Director Angela D. Pruitt sold 2,800 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total transaction of $53,928.00. Following the sale, the director now owns 7,993 shares of the company's stock, valued at $153,945.18. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Samuel A. Landy sold 50,000 shares of the firm's stock in a transaction dated 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 directly owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,845 shares of company stock valued at $1,051,210. 8.63% of the stock is owned by insiders.

UMH Properties Stock Down 0.5 %

Shares of NYSE:UMH traded down $0.09 during midday trading on Friday, reaching $18.12. The company's stock had a trading volume of 200,352 shares, compared to its average volume of 306,118. The firm has a 50 day moving average of $18.61 and a 200-day moving average of $18.94. The firm has a market capitalization of $1.43 billion, a P/E ratio of 139.40, a PEG ratio of 3.02 and a beta of 1.28. 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, Inc. has a 12-month low of $14.09 and a 12-month high of $20.64.

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

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 4.75%. The ex-dividend date is Tuesday, February 18th. UMH Properties's dividend payout ratio (DPR) is 661.59%.

Analyst Upgrades and Downgrades

UMH has been the subject of several research reports. Wedbush restated a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.25.

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.