Loeb Partners Corp Has $1.44 Million Holdings in UMH PROPERTIES/SH SH (UMH)

Loeb Partners Corp grew its position in shares of UMH PROPERTIES/SH SH (NYSE:UMH) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,008 shares of the real estate investment trust’s stock after purchasing an additional 9,000 shares during the period. Loeb Partners Corp’s holdings in UMH PROPERTIES/SH SH were worth $1,437,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UMH. Montag A & Associates Inc. acquired a new stake in shares of UMH PROPERTIES/SH SH during the 3rd quarter worth about $12,673,000. Investment Counselors of Maryland LLC acquired a new stake in shares of UMH PROPERTIES/SH SH during the 3rd quarter worth about $6,862,000. Vanguard Group Inc boosted its stake in shares of UMH PROPERTIES/SH SH by 11.7% during the 3rd quarter. Vanguard Group Inc now owns 3,459,170 shares of the real estate investment trust’s stock worth $54,101,000 after purchasing an additional 361,864 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of UMH PROPERTIES/SH SH by 11.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,459,170 shares of the real estate investment trust’s stock worth $54,101,000 after purchasing an additional 361,864 shares during the last quarter. Finally, Northpointe Capital LLC boosted its stake in shares of UMH PROPERTIES/SH SH by 87.9% during the 3rd quarter. Northpointe Capital LLC now owns 428,271 shares of the real estate investment trust’s stock worth $6,698,000 after purchasing an additional 200,400 shares during the last quarter. 55.28% of the stock is currently owned by institutional investors.

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In related news, insider Umh Properties, Inc. acquired 11,958 shares of the business’s stock in a transaction dated Monday, December 17th. The shares were acquired at an average cost of $13.72 per share, for a total transaction of $164,063.76. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Eugene W. Landy sold 8,000 shares of the stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $12.85, for a total transaction of $102,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 13,424 shares of company stock worth $182,691. Insiders own 10.89% of the company’s stock.

Shares of UMH stock opened at $13.69 on Friday. The stock has a market cap of $515.65 million, a PE ratio of 19.28, a P/E/G ratio of 1.73 and a beta of 0.75. UMH PROPERTIES/SH SH has a 1-year low of $11.14 and a 1-year high of $16.69. The company has a debt-to-equity ratio of 2.44, a quick ratio of 4.12 and a current ratio of 4.12.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 15th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 5.26%. UMH PROPERTIES/SH SH’s payout ratio is currently 101.41%.

Several research firms have issued reports on UMH. Zacks Investment Research cut shares of UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. ValuEngine raised shares of UMH PROPERTIES/SH SH from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. B. Riley cut their price objective on shares of UMH PROPERTIES/SH SH from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Finally, Boenning Scattergood set a $20.00 price objective on shares of UMH PROPERTIES/SH SH and gave the stock a “buy” rating in a report on Monday, November 5th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. UMH PROPERTIES/SH SH presently has an average rating of “Buy” and a consensus target price of $17.33.

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UMH PROPERTIES/SH SH Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 115 manufactured home communities containing approximately 20,700 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/SH SH (NYSE:UMH)

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