UMH Properties, Inc. (NYSE:UMH) Stock Holdings Lifted by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 90.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 375,919 shares of the real estate investment trust's stock after acquiring an additional 178,426 shares during the period. First Eagle Investment Management LLC owned approximately 0.48% of UMH Properties worth $7,097,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in shares of UMH Properties in the third quarter worth $675,000. Barclays PLC boosted its stake in shares of UMH Properties by 101.1% in the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust's stock valued at $3,155,000 after purchasing an additional 80,660 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of UMH Properties by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust's stock valued at $18,505,000 after purchasing an additional 56,662 shares during the period. State Street Corp boosted its stake in shares of UMH Properties by 44.5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock valued at $55,127,000 after purchasing an additional 863,089 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of UMH Properties by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust's stock valued at $33,520,000 after purchasing an additional 59,705 shares during the period. Institutional investors and hedge funds own 75.40% of the company's stock.

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UMH Properties Stock Up 1.4 %

NYSE UMH traded up $0.26 during trading hours on Thursday, reaching $18.51. 392,286 shares of the company traded hands, compared to its average volume of 398,278. UMH Properties, Inc. has a 12 month low of $14.73 and a 12 month high of $20.64. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.53 billion, a PE ratio of 142.36, a PEG ratio of 2.93 and a beta of 1.29. The company has a 50 day moving average of $18.13 and a two-hundred day moving average of $18.82.

UMH Properties (NYSE:UMH - Get Free Report) last posted 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. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. As a group, equities analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th were given a $0.215 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.65%. UMH Properties's payout ratio is currently 2,866.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of UMH Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Wedbush restated a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $21.25.

About UMH Properties

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.