14,600 Shares in UMH Properties, Inc. (NYSE:UMH) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,600 shares of the real estate investment trust's stock, valued at approximately $276,000.

A number of other hedge funds also recently added to or reduced their stakes in UMH. Farther Finance Advisors LLC boosted its stake in shares of UMH Properties by 1,011.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 1,456 shares during the period. Golden State Wealth Management LLC purchased a new position in UMH Properties in the fourth quarter worth approximately $38,000. Ulland Investment Advisors LLC lifted its stake in UMH Properties by 291.5% in the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust's stock worth $74,000 after acquiring an additional 2,915 shares during the last quarter. Quarry LP grew its holdings in UMH Properties by 904.5% during the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust's stock worth $75,000 after acquiring an additional 3,419 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of UMH Properties in the 4th quarter valued at approximately $197,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UMH has been the subject of several recent analyst reports. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th. Wedbush reaffirmed a "neutral" rating and set a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, UMH Properties has a consensus rating of "Hold" and a consensus price target of $21.17.

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UMH Properties Stock Up 0.8 %

Shares of UMH Properties stock traded up $0.13 during trading hours on Friday, hitting $16.84. The company had a trading volume of 361,192 shares, compared to its average volume of 425,059. 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 company's 50-day moving average is $18.06 and its two-hundred day moving average is $18.57. The company has a market cap of $1.39 billion, a P/E ratio of 129.55, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. 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 quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (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 company had revenue of ($126.74) million during the quarter, compared to the consensus estimate of $59.73 million. Analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.225 per share. This is a positive change 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 yield of 5.34%. UMH Properties's payout ratio is 3,000.00%.

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.