UMH Properties, Inc. (NYSE:UMH) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in UMH Properties, Inc. (NYSE:UMH) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,808 shares of the real estate investment trust’s stock after selling 768 shares during the period. Nisa Investment Advisors LLC’s holdings in UMH Properties were worth $380,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in shares of UMH Properties by 54.9% during the third quarter. Federated Hermes Inc. now owns 2,414 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 856 shares during the period. Spire Wealth Management raised its holdings in shares of UMH Properties by 177.8% during the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,125 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of UMH Properties during the first quarter worth $58,000. Quantbot Technologies LP raised its holdings in shares of UMH Properties by 1,600.0% during the second quarter. Quantbot Technologies LP now owns 3,400 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 3,200 shares during the period. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of UMH Properties by 22.4% during the second quarter. Ameritas Investment Partners Inc. now owns 4,546 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 832 shares during the period. 75.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UMH. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday. Compass Point increased their target price on shares of UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a report on Thursday, March 21st. B. Riley initiated coverage on shares of UMH Properties in a report on Thursday, March 21st. They issued a “buy” rating and a $18.50 price objective on the stock. Finally, Wedbush reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of UMH Properties in a report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.00.

UMH Properties Stock Up 0.5 %

UMH stock opened at $15.25 on Friday. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66. UMH Properties, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $16.85. The firm’s 50-day simple moving average is $15.47 and its 200 day simple moving average is $14.95. The stock has a market cap of $1.06 billion, a PE ratio of -101.63, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24.

UMH Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Tuesday, May 14th. This is a positive change from UMH Properties’s previous quarterly dividend of $0.21. UMH Properties’s dividend payout ratio is currently -546.63%.

Insider Activity at UMH Properties

In related news, COO Brett Taft sold 9,800 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total value of $155,918.00. Following the completion of the transaction, the chief operating officer now owns 97,049 shares in the company, valued at approximately $1,544,049.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.63% of the stock is currently owned by insiders.

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.