ClearAlpha Technologies LP Acquires New Holdings in UMH Properties, Inc. (NYSE:UMH)

ClearAlpha Technologies LP acquired a new stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,793 shares of the real estate investment trust's stock, valued at approximately $374,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UMH. Vanguard Group Inc. increased its stake in UMH Properties by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust's stock valued at $141,722,000 after purchasing an additional 799,798 shares during the last quarter. Capital Research Global Investors grew its position in UMH Properties by 124.5% during the fourth quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust's stock valued at $76,121,000 after acquiring an additional 2,236,080 shares during the period. Copeland Capital Management LLC lifted its stake in shares of UMH Properties by 2.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust's stock valued at $53,401,000 after purchasing an additional 67,353 shares in the last quarter. William Blair Investment Management LLC increased its position in UMH Properties by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust's stock worth $37,617,000 after purchasing an additional 48,480 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in UMH Properties by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust's stock valued at $34,719,000 after buying an additional 134,761 shares during the period. Hedge funds and other institutional investors own 75.40% of the company's stock.

UMH Properties Stock Performance

Shares of NYSE UMH traded down $0.06 during trading on Thursday, reaching $17.41. The stock had a trading volume of 284,505 shares, compared to its average volume of 430,646. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market cap of $1.44 billion, a PE ratio of 133.93, a P/E/G ratio of 2.93 and a beta of 1.17. UMH Properties, Inc. has a one year low of $14.73 and a one year high of $20.64. The firm's 50 day moving average price is $17.89 and its two-hundred day moving average price is $18.45.

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

UMH Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.17%. This is a boost from UMH Properties's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, May 15th. UMH Properties's dividend payout ratio (DPR) is presently 3,000.00%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UMH shares. Wedbush reissued a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com raised UMH Properties from a "sell" rating to a "hold" rating in a research report on Tuesday. 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 data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.17.

UMH Properties 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.