Silver Lake Advisory LLC Sells 852 Shares of UMH Properties, Inc. (NYSE:UMH)

Silver Lake Advisory LLC reduced its position in UMH Properties, Inc. (NYSE:UMH) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 111,379 shares of the real estate investment trust’s stock after selling 852 shares during the period. Silver Lake Advisory LLC’s holdings in UMH Properties were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Maryland Capital Advisors Inc. purchased a new position in UMH Properties in the third quarter worth about $26,000. Loomis Sayles & Co. L P increased its position in shares of UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 2,346 shares during the last quarter. US Bancorp DE lifted its stake in shares of UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,791 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of UMH Properties by 36.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 698 shares during the last quarter. Finally, Ulland Investment Advisors LLC increased its holdings in UMH Properties by 291.5% during the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 2,915 shares during the last quarter. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Up 0.0 %

Shares of NYSE UMH opened at $17.98 on Friday. The stock has a market capitalization of $1.42 billion, a PE ratio of 138.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock’s fifty day simple moving average is $18.87 and its two-hundred day simple moving average is $18.85. UMH Properties, Inc. has a 12-month low of $14.09 and a 12-month high of $20.64.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). The company had revenue of $60.67 million for the quarter, compared to analysts’ expectations of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same period in the prior year, the firm posted $0.22 EPS. As a group, analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.78%. UMH Properties’s payout ratio is currently 661.54%.

Insiders Place Their Bets

In other news, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total value of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares in the company, valued at $21,599,348.30. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the sale, the director now directly owns 7,993 shares of the company’s stock, valued at $153,945.18. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,845 shares of company stock worth $1,051,210. Corporate insiders own 8.63% of the company’s stock.

Analyst Upgrades and Downgrades

UMH has been the topic of several analyst reports. Wedbush reiterated a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

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.