Robotti Robert Sells 12,350 Shares of UMH PROPERTIES/SH SH (UMH)

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Robotti Robert lessened its stake in UMH PROPERTIES/SH SH (NYSE:UMH) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 491,625 shares of the real estate investment trust’s stock after selling 12,350 shares during the period. UMH PROPERTIES/SH SH accounts for about 2.3% of Robotti Robert’s holdings, making the stock its 15th biggest position. Robotti Robert’s holdings in UMH PROPERTIES/SH SH were worth $5,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its holdings in UMH PROPERTIES/SH SH by 181.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,855 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 7,638 shares in the last quarter. Bank of America Corp DE raised its position in shares of UMH PROPERTIES/SH SH by 137.5% during the 4th quarter. Bank of America Corp DE now owns 19,154 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 11,088 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of UMH PROPERTIES/SH SH during the 4th quarter worth approximately $193,000. Geode Capital Management LLC raised its position in shares of UMH PROPERTIES/SH SH by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 380,343 shares of the real estate investment trust’s stock worth $4,503,000 after purchasing an additional 20,106 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of UMH PROPERTIES/SH SH by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 464,806 shares of the real estate investment trust’s stock worth $5,503,000 after purchasing an additional 21,274 shares during the last quarter. Hedge funds and other institutional investors own 56.45% of the company’s stock.

In related news, Director James E. Mitchell bought 15,385 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average price of $13.00 per share, for a total transaction of $200,005.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Umh Properties, Inc. bought 19,365 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average price of $12.60 per share, with a total value of $243,999.00. The disclosure for this purchase can be found here. Insiders have purchased 34,834 shares of company stock valued at $445,002 over the last 90 days. 10.89% of the stock is currently owned by insiders.

UMH opened at $14.06 on Thursday. The stock has a market cap of $533.20 million, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. UMH PROPERTIES/SH SH has a fifty-two week low of $11.14 and a fifty-two week high of $16.69. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 3.23.

UMH PROPERTIES/SH SH (NYSE:UMH) last announced its quarterly earnings results on Thursday, March 7th. The real estate investment trust reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.83). The firm had revenue of $34.25 million during the quarter, compared to analyst estimates of $33.35 million. UMH PROPERTIES/SH SH had a negative net margin of 43.63% and a negative return on equity of 35.79%. Sell-side analysts predict that UMH PROPERTIES/SH SH will post 0.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date was Thursday, February 14th. UMH PROPERTIES/SH SH’s payout ratio is 97.30%.

Several brokerages recently issued reports on UMH. Zacks Investment Research downgraded UMH PROPERTIES/SH SH from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Boenning Scattergood restated a “buy” rating and set a $19.50 price objective on shares of UMH PROPERTIES/SH SH in a report on Monday, March 11th.

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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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Want to see what other hedge funds are holding UMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMH PROPERTIES/SH SH (NYSE:UMH).

Institutional Ownership by Quarter for UMH PROPERTIES/SH SH (NYSE:UMH)

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