UMH Properties, Inc. (NYSE:UMH) Shares Sold by Private Management Group Inc.

Private Management Group Inc. trimmed its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,249,903 shares of the real estate investment trust's stock after selling 57,629 shares during the quarter. Private Management Group Inc. owned 1.59% of UMH Properties worth $24,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UMH. Vanguard Group Inc. raised its position in UMH Properties by 10.6% during the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust's stock valued at $100,212,000 after acquiring an additional 629,427 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of UMH Properties by 3.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 69,952 shares of the real estate investment trust's stock valued at $1,136,000 after purchasing an additional 2,058 shares during the period. State of Alaska Department of Revenue boosted its holdings in UMH Properties by 2.4% during the first quarter. State of Alaska Department of Revenue now owns 28,798 shares of the real estate investment trust's stock worth $467,000 after buying an additional 668 shares in the last quarter. Daiwa Securities Group Inc. grew its position in UMH Properties by 10.3% during the first quarter. Daiwa Securities Group Inc. now owns 20,214 shares of the real estate investment trust's stock valued at $328,000 after buying an additional 1,880 shares during the period. Finally, Jennison Associates LLC increased its holdings in UMH Properties by 0.4% in the first quarter. Jennison Associates LLC now owns 1,305,618 shares of the real estate investment trust's stock valued at $21,203,000 after buying an additional 5,015 shares in the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UMH Properties

In related news, Director Kiernan Conway sold 2,700 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total value of $52,758.00. Following the transaction, the director now directly owns 412 shares in the company, valued at approximately $8,050.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.63% of the stock is currently owned by company insiders.

UMH Properties Price Performance

Shares of UMH Properties stock traded down $0.44 on Friday, hitting $18.21. 267,337 shares of the company were exchanged, compared to its average volume of 240,245. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49. The company has a 50-day moving average price of $19.28 and a 200 day moving average price of $17.48. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -260.11, a price-to-earnings-growth ratio of 3.35 and a beta of 1.30. UMH Properties, Inc. has a 1-year low of $13.91 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.21). UMH Properties had a return on equity of 3.17% and a net margin of 5.79%. The company had revenue of $60.33 million for the quarter, compared to analyst estimates of $59.84 million. During the same period last year, the firm posted $0.21 EPS. As a group, sell-side analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Friday, November 15th. UMH Properties's dividend payout ratio (DPR) is presently -1,228.40%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on UMH shares. Alliance Global Partners initiated coverage on UMH Properties in a research report on Thursday, July 18th. They set a "buy" rating and a $21.00 target price on the stock. StockNews.com upgraded UMH Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, August 13th. B. Riley increased their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the company a "buy" rating in a report on Thursday, August 15th. Finally, Wedbush boosted their target price on shares of UMH Properties from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.25.

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.