Concurrent Investment Advisors LLC Reduces Holdings in UMH Properties, Inc. (NYSE:UMH)

Concurrent Investment Advisors LLC decreased its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 30,165 shares of the real estate investment trust’s stock after selling 1,025 shares during the period. Concurrent Investment Advisors LLC’s holdings in UMH Properties were worth $570,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. State of Alaska Department of Revenue grew its stake in shares of UMH Properties by 2.2% during the third quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock worth $614,000 after acquiring an additional 663 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of UMH Properties by 36.8% during the third 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 during the last quarter. Centiva Capital LP grew its stake in shares of UMH Properties by 4.0% during the third quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock worth $618,000 after acquiring an additional 1,195 shares during the last quarter. US Bancorp DE grew its stake in shares of UMH Properties by 261.1% during the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,791 shares during the last quarter. Finally, Diversified Trust Co grew its stake in shares of UMH Properties by 12.6% during the fourth quarter. Diversified Trust Co now owns 17,436 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 1,957 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Wedbush reaffirmed a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Trading Up 2.1 %

UMH Properties stock opened at $18.03 on Tuesday. 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 52 week low of $14.09 and a 52 week high of $20.64. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 138.66, a price-to-earnings-growth ratio of 2.93 and a beta of 1.28. The stock has a 50-day moving average price of $18.29 and a 200 day moving average price of $18.93.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s payout ratio is presently 661.54%.

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.