Versor Investments LP Takes $268,000 Position in UMH Properties, Inc. (NYSE:UMH)

Versor Investments LP bought a new stake in UMH Properties, Inc. (NYSE:UMH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,200 shares of the real estate investment trust's stock, valued at approximately $268,000.

A number of other hedge funds have also made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in UMH Properties in the fourth quarter worth $38,000. Loomis Sayles & Co. L P raised its position in shares of UMH Properties by 2,760.0% during the 3rd 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. US Bancorp DE lifted its holdings in shares of UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 1,791 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 698 shares during the period. Finally, Quarry LP increased its position in UMH Properties by 904.5% in the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust's stock worth $75,000 after buying an additional 3,419 shares during the period. Hedge funds and other institutional investors own 75.40% of the company's stock.

Wall Street Analysts Forecast Growth

UMH has been the subject of several recent analyst reports. Wedbush restated a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com lowered shares of UMH Properties from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $21.25.

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UMH Properties Price Performance

Shares of UMH traded down $0.08 during mid-day trading on Friday, hitting $18.23. The company's stock had a trading volume of 285,243 shares, compared to its average volume of 298,533. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The firm has a 50-day moving average price of $18.22 and a 200 day moving average price of $18.90. UMH Properties, Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $20.64. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 140.20, a PEG ratio of 2.93 and a beta of 1.28.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.21. The company had revenue of ($126.74) million during the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. On average, research analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be paid a $0.215 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a yield of 4.72%. UMH Properties's dividend payout ratio is currently 2,866.67%.

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.