Charles Schwab Investment Management Inc. raised its position in UMH Properties, Inc. (NYSE:UMH - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,028,383 shares of the real estate investment trust's stock after buying an additional 87,591 shares during the period. Charles Schwab Investment Management Inc. owned 1.30% of UMH Properties worth $19,416,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UMH. Principal Financial Group Inc. purchased a new stake in UMH Properties in the 3rd quarter valued at about $675,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of UMH Properties by 3.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 75,287 shares of the real estate investment trust's stock worth $1,481,000 after purchasing an additional 2,254 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of UMH Properties during the 3rd quarter worth approximately $320,000. Eagle Asset Management Inc. purchased a new stake in shares of UMH Properties during the 3rd quarter worth approximately $3,513,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of UMH Properties by 10.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,773 shares of the real estate investment trust's stock worth $448,000 after purchasing an additional 2,207 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company's stock.
UMH Properties Stock Performance
UMH traded down $0.21 on Friday, hitting $18.30. The company's stock had a trading volume of 726,967 shares, compared to its average volume of 400,242. The company's 50 day simple moving average is $18.15 and its 200-day simple moving average is $18.80. The firm has a market cap of $1.51 billion, a P/E ratio of 140.78, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. UMH Properties, Inc. has a 12 month low of $14.73 and a 12 month high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.
UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate 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 net margin of 11.81% and a return on equity of 6.06%. Analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.
UMH Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.70%. The ex-dividend date was Tuesday, February 18th. UMH Properties's payout ratio is 2,866.67%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on UMH shares. Wedbush restated a "neutral" rating and set a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com lowered shares of UMH Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $21.17.
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About UMH Properties
(
Free Report)
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.
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