American Century Companies Inc. Sells 235,981 Shares of UMH Properties, Inc. (NYSE:UMH)

American Century Companies Inc. cut its holdings in UMH Properties, Inc. (NYSE:UMH) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,095,006 shares of the real estate investment trust’s stock after selling 235,981 shares during the period. American Century Companies Inc.’s holdings in UMH Properties were worth $39,554,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,456 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of UMH Properties in the 4th quarter valued at approximately $38,000. Loomis Sayles & Co. L P boosted its position in UMH Properties by 2,760.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 2,346 shares during the period. Quarry LP boosted its position in UMH Properties by 904.5% during the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 3,419 shares during the period. Finally, Ulland Investment Advisors LLC grew 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 purchasing an additional 2,915 shares during the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

UMH Properties Stock Up 0.0 %

UMH opened at $18.49 on Friday. The business has a 50 day moving average of $18.19 and a 200-day moving average of $18.78. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 142.25, a P/E/G ratio of 2.93 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, Inc. has a 1-year low of $14.73 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.21. The firm had revenue of ($126.74) million during the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. As a group, sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were paid a dividend of $0.215 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.65%. UMH Properties’s dividend payout ratio is 2,866.67%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UMH. Wedbush restated a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, UMH Properties currently has an average rating of “Hold” and a consensus target price of $21.17.

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.