Mutual of America Capital Management LLC Acquires Shares of 89,880 UMH Properties, Inc. (NYSE:UMH)

Mutual of America Capital Management LLC bought a new stake in UMH Properties, Inc. (NYSE:UMH) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 89,880 shares of the real estate investment trust’s stock, valued at approximately $1,377,000. Mutual of America Capital Management LLC owned approximately 0.14% of UMH Properties as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its position in UMH Properties by 6.1% during the 3rd quarter. D.A. Davidson & CO. now owns 657,676 shares of the real estate investment trust’s stock worth $9,221,000 after purchasing an additional 37,909 shares in the last quarter. Invesco Ltd. grew its stake in shares of UMH Properties by 21.4% during the third quarter. Invesco Ltd. now owns 625,464 shares of the real estate investment trust’s stock worth $8,769,000 after buying an additional 110,276 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of UMH Properties by 29.5% during the third quarter. American Century Companies Inc. now owns 2,532,194 shares of the real estate investment trust’s stock worth $35,501,000 after buying an additional 576,304 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of UMH Properties by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 742,848 shares of the real estate investment trust’s stock valued at $10,415,000 after acquiring an additional 46,291 shares during the last quarter. Finally, Private Management Group Inc. boosted its holdings in shares of UMH Properties by 609.8% during the 3rd quarter. Private Management Group Inc. now owns 1,036,353 shares of the real estate investment trust’s stock valued at $14,530,000 after acquiring an additional 890,355 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UMH. Wedbush reaffirmed a “neutral” rating and issued a $17.00 target price on shares of UMH Properties in a report on Monday, March 25th. B. Riley started coverage on shares of UMH Properties in a report on Thursday, March 21st. They issued a “buy” rating and a $18.50 price objective for the company. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Compass Point raised their price target on shares of UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.00.

Insider Transactions at UMH Properties

In other UMH Properties news, COO Brett Taft sold 9,800 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total transaction of $155,918.00. Following the completion of the sale, the chief operating officer now directly owns 97,049 shares in the company, valued at approximately $1,544,049.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.63% of the stock is currently owned by corporate insiders.

UMH Properties Price Performance

UMH Properties stock opened at $15.54 on Tuesday. The firm has a market cap of $1.08 billion, a P/E ratio of -103.59, a P/E/G ratio of 2.75 and a beta of 1.24. The stock’s 50 day moving average is $15.50 and its 200 day moving average is $14.99. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.52 and a quick ratio of 6.52. UMH Properties, Inc. has a one year low of $13.26 and a one year high of $16.85.

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be paid a $0.215 dividend. This is a positive change from UMH Properties’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Tuesday, May 14th. UMH Properties’s dividend payout ratio is currently -546.63%.

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.