D.A. Davidson & CO. Purchases 41,683 Shares of UMH Properties, Inc. (NYSE:UMH)

D.A. Davidson & CO. lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 914,417 shares of the real estate investment trust's stock after purchasing an additional 41,683 shares during the period. D.A. Davidson & CO. owned about 1.16% of UMH Properties worth $17,264,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. bought a new position in shares of UMH Properties during the third quarter valued at about $26,000. Golden State Wealth Management LLC bought a new position in UMH Properties during the 4th quarter worth approximately $38,000. Loomis Sayles & Co. L P increased its stake in UMH Properties by 2,760.0% in 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 increased its stake in 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 period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in UMH Properties by 36.8% in the third 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 last quarter. Hedge funds and other institutional investors own 75.40% of the company's stock.

UMH Properties Trading Up 0.1 %

Shares of UMH Properties stock traded up $0.02 during midday trading on Friday, reaching $17.66. 308,005 shares of the company's stock traded hands, compared to its average volume of 293,756. The stock has a 50 day moving average of $18.31 and a 200-day moving average of $18.94. UMH Properties, Inc. has a 12 month low of $14.09 and a 12 month high of $20.64. The company has a market cap of $1.39 billion, a PE ratio of 135.88, a price-to-earnings-growth ratio of 2.91 and a beta of 1.28. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be given a $0.215 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.86 annualized dividend and a dividend yield of 4.87%. UMH Properties's dividend payout ratio is 661.59%.

Analysts Set New Price Targets

Several research analysts recently commented on UMH shares. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Wedbush restated a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.25.

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.