Centiva Capital LP Increases Position in UMH Properties, Inc. (NYSE:UMH)

Centiva Capital LP increased its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 24.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,992 shares of the real estate investment trust’s stock after purchasing an additional 7,564 shares during the quarter. Centiva Capital LP’s holdings in UMH Properties were worth $736,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UMH. BROOKFIELD Corp ON raised its holdings in UMH Properties by 202.7% in the fourth quarter. BROOKFIELD Corp ON now owns 666,534 shares of the real estate investment trust’s stock worth $12,584,000 after purchasing an additional 446,371 shares in the last quarter. Bank of America Corp DE raised its stake in shares of UMH Properties by 0.7% during the 4th quarter. Bank of America Corp DE now owns 1,144,077 shares of the real estate investment trust’s stock worth $21,600,000 after acquiring an additional 7,831 shares in the last quarter. Connors Investor Services Inc. lifted its position in UMH Properties by 832.7% during the fourth quarter. Connors Investor Services Inc. now owns 123,117 shares of the real estate investment trust’s stock valued at $2,324,000 after acquiring an additional 109,917 shares during the last quarter. Northern Trust Corp boosted its stake in UMH Properties by 27.1% in the fourth quarter. Northern Trust Corp now owns 1,180,928 shares of the real estate investment trust’s stock valued at $22,296,000 after acquiring an additional 251,509 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in UMH Properties by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust’s stock valued at $883,000 after acquiring an additional 918 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

UMH Properties Price Performance

NYSE UMH opened at $17.19 on Friday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 132.20, a PEG ratio of 2.93 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The stock’s fifty day moving average price is $17.78 and its 200 day moving average price is $18.37. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of $61.23 million for the quarter, compared to analyst estimates of $62.82 million. As a group, equities research analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.24%. This is a boost from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. UMH Properties’s payout ratio is presently 750.00%.

Wall Street Analyst Weigh In

Several analysts have recently commented on UMH shares. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Monday. Maxim Group decreased their price target on UMH Properties from $22.00 to $20.50 and set a “buy” rating for the company in a research note on Monday. Finally, 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, UMH Properties presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Insider Activity

In other news, Director William Edward Mitchell sold 70,852 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the completion of the transaction, the director now owns 215,427 shares of the company’s stock, valued at $3,705,344.40. The trade was a 24.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.77% of the company’s stock.

UMH Properties 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.