Jennison Associates LLC Has $26.14 Million Position in UMH Properties, Inc. (NYSE:UMH)

Jennison Associates LLC boosted its stake in shares of UMH Properties, Inc. (NYSE:UMHGet Rating) by 27.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 956,464 shares of the real estate investment trust’s stock after buying an additional 204,343 shares during the quarter. Jennison Associates LLC’s holdings in UMH Properties were worth $26,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in shares of UMH Properties by 16.2% in the 3rd quarter. Victory Capital Management Inc. now owns 161,129 shares of the real estate investment trust’s stock valued at $3,690,000 after purchasing an additional 22,417 shares during the period. American International Group Inc. lifted its stake in shares of UMH Properties by 2.5% in the 3rd quarter. American International Group Inc. now owns 23,231 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 571 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of UMH Properties by 23.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 74,970 shares of the real estate investment trust’s stock valued at $2,049,000 after purchasing an additional 14,280 shares during the period. Royal Bank of Canada lifted its stake in shares of UMH Properties by 4.1% in the 3rd quarter. Royal Bank of Canada now owns 515,886 shares of the real estate investment trust’s stock valued at $11,813,000 after purchasing an additional 20,264 shares during the period. Finally, Martingale Asset Management L P lifted its stake in shares of UMH Properties by 119.9% in the 3rd quarter. Martingale Asset Management L P now owns 47,140 shares of the real estate investment trust’s stock valued at $1,081,000 after purchasing an additional 25,700 shares during the period. 67.74% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on UMH shares. Zacks Investment Research lowered UMH Properties from a “buy” rating to a “hold” rating in a research report on Thursday, March 3rd. Colliers Securities started coverage on UMH Properties in a research report on Wednesday, January 19th. They issued a “neutral” rating and a $26.00 target price for the company. Finally, StockNews.com started coverage on UMH Properties in a research report on Thursday, March 31st. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.90.

UMH traded down $0.85 during midday trading on Friday, reaching $23.52. 389,097 shares of the company were exchanged, compared to its average volume of 234,640. The company has a debt-to-equity ratio of 1.78, a quick ratio of 8.00 and a current ratio of 8.00. The company’s fifty day moving average price is $24.11 and its 200 day moving average price is $24.13. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 53.46, a price-to-earnings-growth ratio of 4.90 and a beta of 1.18. UMH Properties, Inc. has a one year low of $20.29 and a one year high of $27.50.

UMH Properties (NYSE:UMHGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). UMH Properties had a return on equity of 26.10% and a net margin of 27.45%. During the same period in the prior year, the business earned $0.20 EPS. As a group, sell-side analysts anticipate that UMH Properties, Inc. will post 0.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Monday, May 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Friday, May 13th. UMH Properties’s dividend payout ratio is currently 181.82%.

In other news, Director Steven B. Wolgin sold 2,750 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $24.40, for a total value of $67,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven B. Wolgin sold 4,285 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $23.09, for a total value of $98,940.65. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 1,132 shares of company stock valued at $26,767 and have sold 8,710 shares valued at $206,663. Insiders own 10.95% of the company’s stock.

UMH Properties Company Profile (Get Rating)

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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Institutional Ownership by Quarter for UMH Properties (NYSE:UMH)

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