Kennedy Capital Management LLC Has $11.84 Million Stock Position in UMH Properties, Inc. (NYSE:UMH)

Kennedy Capital Management LLC lowered its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 627,283 shares of the real estate investment trust's stock after selling 18,265 shares during the period. Kennedy Capital Management LLC owned approximately 0.80% of UMH Properties worth $11,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in UMH Properties during the 3rd quarter worth approximately $675,000. Swiss National Bank raised its holdings in UMH Properties by 12.4% in the fourth quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust's stock worth $2,772,000 after purchasing an additional 16,200 shares during the period. Barclays PLC boosted its position in shares of UMH Properties by 101.1% during the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust's stock worth $3,155,000 after purchasing an additional 80,660 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of UMH Properties by 3.6% in the 3rd 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 buying an additional 59,705 shares during the period. Finally, State Street Corp increased its position in shares of UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock valued at $55,127,000 after buying an additional 863,089 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UMH shares. StockNews.com cut UMH Properties from a "hold" rating to a "sell" rating in a research note on Monday. Wedbush reiterated a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $21.17.

UMH Properties Stock Down 0.1 %

Shares of UMH traded down $0.02 during midday trading on Tuesday, hitting $17.08. The stock had a trading volume of 427,069 shares, compared to its average volume of 425,056. 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 market cap of $1.41 billion, a price-to-earnings ratio of 131.39, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The company has a 50 day simple moving average of $18.03 and a two-hundred day simple moving average of $18.55. UMH Properties, Inc. has a twelve month low of $14.73 and a twelve month high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last released its 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 return on equity of 6.06% and a net margin of 11.81%. The firm had revenue of ($126.74) million for the quarter, compared to analysts' expectations of $59.73 million. On average, analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be issued a $0.225 dividend. This is a boost from UMH Properties's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.27%. UMH Properties's dividend payout ratio (DPR) is presently 3,000.00%.

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.