UMH Properties, Inc. (NYSE:UMH) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,095,006 shares of the real estate investment trust's stock after selling 235,981 shares during the quarter. American Century Companies Inc. owned about 2.66% of UMH Properties worth $39,554,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Copeland Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 67,353 shares during the period. State Street Corp lifted its stake in UMH Properties by 44.5% during the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock valued at $55,127,000 after acquiring an additional 863,089 shares during the period. William Blair Investment Management LLC increased its stake in shares of UMH Properties by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust's stock worth $37,617,000 after acquiring an additional 48,480 shares during the period. Geode Capital Management LLC increased its stake in shares of UMH Properties by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust's stock worth $33,520,000 after acquiring an additional 59,705 shares during the period. Finally, Jennison Associates LLC lifted its position in 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 valued at $27,614,000 after purchasing an additional 145,310 shares during the period. Hedge funds and other institutional investors own 75.40% of the company's stock.

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UMH Properties Price Performance

Shares of UMH stock traded up $0.02 during mid-day trading on Monday, reaching $18.72. The stock had a trading volume of 339,974 shares, compared to its average volume of 415,821. 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 has a 50-day simple moving average of $18.19 and a 200 day simple moving average of $18.76. UMH Properties, Inc. has a 12-month low of $14.73 and a 12-month high of $20.64. The company has a market cap of $1.54 billion, a P/E ratio of 143.90, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29.

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

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.59%. The ex-dividend date was Tuesday, February 18th. UMH Properties's dividend payout ratio is currently 2,866.67%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Thursday. Wedbush reaffirmed a "neutral" rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $21.17.

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.