Montag A & Associates Inc. Lowers Holdings in UMH Properties, Inc. (NYSE:UMH)

Montag A & Associates Inc. lowered its holdings in UMH Properties, Inc. (NYSE:UMH) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,411 shares of the real estate investment trust’s stock after selling 3,500 shares during the quarter. Montag A & Associates Inc.’s holdings in UMH Properties were worth $5,049,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. State of Alaska Department of Revenue raised its holdings in UMH Properties by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 663 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position 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 valued at $50,000 after acquiring an additional 698 shares during the last quarter. Centiva Capital LP lifted its holdings in shares of UMH Properties by 4.0% in the 3rd 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. Maryland Capital Advisors Inc. purchased a new position in shares of UMH Properties during the 3rd quarter worth approximately $26,000. Finally, US Bancorp DE boosted its position in shares of UMH Properties by 261.1% during the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,791 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.63% of the stock is owned by company insiders.

UMH Properties Stock Performance

NYSE:UMH opened at $18.04 on Friday. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64. The company has a fifty day simple moving average of $18.49 and a two-hundred day simple moving average of $18.96. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 138.79, a price-to-earnings-growth ratio of 3.02 and a beta of 1.28.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.77%. UMH Properties’s payout ratio is 661.59%.

Analysts Set New Price Targets

A number of research analysts have commented on UMH shares. Wedbush restated a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.