Montag A & Associates Inc. decreased its holdings in UMH PROPERTIES/SH SH (NYSE:UMH) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 707,278 shares of the real estate investment trust’s stock after selling 103,010 shares during the period. Montag A & Associates Inc. owned about 1.88% of UMH PROPERTIES/SH SH worth $8,374,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in UMH. Quantamental Technologies LLC acquired a new stake in shares of UMH PROPERTIES/SH SH in the 4th quarter valued at $33,000. State of Alaska Department of Revenue bought a new position in shares of UMH PROPERTIES/SH SH in the 3rd quarter valued at $166,000. Montag & Caldwell LLC bought a new position in shares of UMH PROPERTIES/SH SH in the 4th quarter valued at $189,000. Nisa Investment Advisors LLC lifted its stake in shares of UMH PROPERTIES/SH SH by 38.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,550 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Fiduciary Group LLC bought a new position in shares of UMH PROPERTIES/SH SH in the 3rd quarter valued at $266,000. Hedge funds and other institutional investors own 55.28% of the company’s stock.
UMH opened at $13.60 on Friday. UMH PROPERTIES/SH SH has a fifty-two week low of $11.14 and a fifty-two week high of $16.69. The firm has a market cap of $527.32 million, a P/E ratio of 19.15, a P/E/G ratio of 1.73 and a beta of 0.75. The company has a debt-to-equity ratio of 2.44, a current ratio of 4.12 and a quick ratio of 4.12.
In other news, insider Umh Properties, Inc. purchased 11,958 shares of the stock in a transaction that occurred on Monday, December 17th. The shares were purchased at an average cost of $13.72 per share, with a total value of $164,063.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Eugene W. Landy sold 8,000 shares of the company’s stock in a transaction on 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. In the last 90 days, insiders bought 13,424 shares of company stock valued at $182,691. Company insiders own 10.89% of the company’s stock.
UMH has been the subject of several analyst reports. Boenning Scattergood set a $20.00 target price on UMH PROPERTIES/SH SH and gave the stock a “buy” rating in a research report on Monday, November 5th. B. Riley reduced their target price on UMH PROPERTIES/SH SH from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, November 5th. Zacks Investment Research downgraded UMH PROPERTIES/SH SH from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, ValuEngine raised shares of UMH PROPERTIES/SH SH from a “hold” rating to a “buy” rating in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $17.33.
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About UMH PROPERTIES/SH SH
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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