UMH Properties, Inc. (NYSE:UMH) Shares Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC increased its position in UMH Properties, Inc. (NYSE:UMH - Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,828,469 shares of the real estate investment trust's stock after acquiring an additional 67,353 shares during the period. Copeland Capital Management LLC owned approximately 3.58% of UMH Properties worth $53,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Maryland Capital Advisors Inc. purchased a new position in UMH Properties during the third quarter valued at approximately $26,000. Loomis Sayles & Co. L P increased its holdings in shares of UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,346 shares in the last quarter. US Bancorp DE lifted its stake in shares of UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,791 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 698 shares in the last quarter. Finally, Ulland Investment Advisors LLC boosted its position in UMH Properties by 291.5% during the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 2,915 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

Insiders Place Their Bets

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total value of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares of the company's stock, valued at $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the completion of the sale, the director now directly owns 7,993 shares of the company's stock, valued at $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,845 shares of company stock valued at $1,051,210. 8.63% of the stock is owned by company insiders.

UMH Properties Stock Up 1.4 %

UMH stock traded up $0.25 during trading on Wednesday, hitting $18.30. 82,098 shares of the company's stock were exchanged, compared to its average volume of 319,085. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 140.66, a PEG ratio of 3.04 and a beta of 1.28. UMH Properties, Inc. has a 52-week low of $14.09 and a 52-week high of $20.64. 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 moving average price of $18.67 and a two-hundred day moving average price of $18.94.

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

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.70%. The ex-dividend date is Tuesday, February 18th. UMH Properties's dividend payout ratio is presently 661.59%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UMH. Wedbush reissued a "neutral" rating and set a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com raised UMH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.