HMG/Courtland Properties Inc. (AMEX:HMG) Institutional and Insider Holdings Go Up Many Fold


Dallas, Texas 11/07/2013 (Financialstrend) – The $17.35 million micro cap real estate investment trust HMG/Courtland Properties Inc. (AMEX:HMG) faced depreciation in its market value during trading last week which was contrary to its sustained growth over the past few quarters. Last week, the stock of this REIT plummeted by 12% while in the past 90 days it had gained close to 12% in its market value.

The firm has also been a darling of those investors who look to value companies based on the dividend payout record. The latest dividend payout announcement came on October 21. The board has decided to shell out an impressive $4 as dividend for the past 12 months of operations for each share held by its share holders. The payout will happen on November 8 to all share holders on record as of November 1. The dividend yield translates to a whopping 22% and marks out this micro cap as one of the bigger dividend payers in the REIT space.

The dividend payout is couple with added bonus to its share holders. The stock of this REIT has posted more than 300% increase in its market value in the past 12 months. Investors who had bought into the fund shares last November would have seen their holding triple while earnings handsome dividends.

All these factors had led to the stock being heavily traded by insiders. In the past 6 months, the insider share ownership has jumped up by a huge 107% indicating the bullishness its promoters have on the value of the company. It is also interesting to note that the institutional ownership of this closely held stock has gone up by 415% in the last three months. Market gurus have commented that these sings indicate to strong future potential of the stock. During trading yesterday, the share price regained some of its lost value to post 4.5% increase to end the day at $17.8.