UMH Properties, Inc. (NYSE:UMH) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its holdings in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 495,900 shares of the real estate investment trust's stock after selling 143,527 shares during the quarter. Marshall Wace LLP owned 0.63% of UMH Properties worth $9,363,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of UMH. Farther Finance Advisors LLC raised 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 acquiring an additional 1,456 shares during the period. Sterling Capital Management LLC boosted its position in shares of UMH Properties by 861.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,748 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of UMH Properties in the fourth quarter valued at about $38,000. Ulland Investment Advisors LLC raised its holdings in shares of UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust's stock valued at $74,000 after buying an additional 2,915 shares during the period. Finally, Montag & Caldwell LLC purchased a new position in UMH Properties in the 4th quarter worth approximately $130,000. Hedge funds and other institutional investors own 75.40% of the company's stock.

Wall Street Analysts Forecast Growth

UMH has been the topic of a number of recent research reports. Wedbush reissued a "neutral" rating and set a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $21.17.

UMH Properties Stock Performance

NYSE:UMH traded up $0.04 during trading hours on Friday, reaching $17.46. 234,117 shares of the stock were exchanged, compared to its average volume of 429,863. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 52 week low of $14.73 and a 52 week high of $20.64. The firm has a 50 day simple moving average of $17.89 and a 200-day simple moving average of $18.45. The stock has a market capitalization of $1.44 billion, a P/E ratio of 134.32, a P/E/G ratio of 2.93 and a beta of 1.17.

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

UMH Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's payout ratio is 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.