Centiva Capital LP Has $618,000 Stock Position in UMH Properties, Inc. (NYSE:UMH)

Centiva Capital LP increased its holdings in UMH Properties, Inc. (NYSE:UMH) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,428 shares of the real estate investment trust’s stock after acquiring an additional 1,195 shares during the period. Centiva Capital LP’s holdings in UMH Properties were worth $618,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in UMH Properties by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,577 shares of the real estate investment trust’s stock worth $530,000 after acquiring an additional 2,158 shares during the last quarter. Diversified Trust Co boosted its holdings in UMH Properties by 7.2% during the second quarter. Diversified Trust Co now owns 15,212 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 1,024 shares during the last quarter. Hunter Perkins Capital Management LLC grew its position in UMH Properties by 43.9% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 84,295 shares of the real estate investment trust’s stock worth $1,348,000 after purchasing an additional 25,720 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in UMH Properties by 4.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,033 shares of the real estate investment trust’s stock valued at $1,168,000 after buying an additional 3,081 shares during the last quarter. Finally, Raymond James & Associates increased its stake in UMH Properties by 5.2% in the 2nd quarter. Raymond James & Associates now owns 868,525 shares of the real estate investment trust’s stock valued at $13,888,000 after buying an additional 43,154 shares during the last quarter. Institutional investors own 75.40% of the company’s stock.

Insider Activity at UMH Properties

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the 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 owns 7,993 shares in the company, valued at $153,945.18. This represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,104,826 shares of the company’s stock, valued at $21,599,348.30. The trade was a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UMH has been the subject of several recent analyst reports. B. Riley upped their target price on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a report on Thursday, August 15th. StockNews.com upgraded 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 given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

UMH Properties Price Performance

UMH Properties stock opened at $19.26 on Friday. The business’s 50 day simple moving average is $19.08 and its 200 day simple moving average is $18.10. UMH Properties, Inc. has a 12 month low of $14.09 and a 12 month high of $20.64. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 148.15, a PEG ratio of 3.52 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.

UMH Properties (NYSE:UMH) last posted its quarterly 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). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The firm had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. During the same quarter in the previous year, the company posted $0.22 EPS. Sell-side analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is currently 661.54%.

UMH Properties Company 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.