Oppenheimer & Co. Inc. Takes $569,000 Position in UMH Properties, Inc. (NYSE:UMH)

Oppenheimer & Co. Inc. purchased a new stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,164 shares of the real estate investment trust's stock, valued at approximately $569,000.

A number of other hedge funds have also bought and sold shares of the business. State of Alaska Department of Revenue increased its position in UMH Properties by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust's stock worth $614,000 after buying an additional 663 shares during the last quarter. Centiva Capital LP increased its holdings in UMH Properties by 4.0% in the 3rd quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust's stock worth $618,000 after acquiring an additional 1,195 shares during the last quarter. US Bancorp DE increased its holdings 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 acquiring an additional 1,791 shares during the last quarter. Diversified Trust Co raised its stake in UMH Properties by 12.6% in the 4th quarter. Diversified Trust Co now owns 17,436 shares of the real estate investment trust's stock valued at $329,000 after acquiring an additional 1,957 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in UMH Properties during the fourth quarter valued at about $38,000. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Price Performance

Shares of NYSE:UMH traded up $0.38 on Monday, hitting $18.61. The company's stock had a trading volume of 669,636 shares, compared to its average volume of 306,779. The company has a 50-day simple moving average of $18.21 and a 200 day simple moving average of $18.88. The company has a market capitalization of $1.53 billion, a PE ratio of 143.17, a PEG ratio of 2.93 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64.

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

UMH Properties Announces Dividend

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 is Tuesday, February 18th. This represents a $0.86 annualized dividend and a dividend yield of 4.62%. UMH Properties's dividend payout ratio is 2,866.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UMH shares. StockNews.com downgraded shares of UMH Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Wedbush reissued a "neutral" rating and set a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have assigned 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 "Hold" and an average 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.