Raymond James Financial Inc. bought a new stake in UMH Properties, Inc. (NYSE:UMH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,239,182 shares of the real estate investment trust's stock, valued at approximately $23,396,000. Raymond James Financial Inc. owned about 1.57% of UMH Properties at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of UMH Properties in the fourth quarter valued at about $38,000. Loomis Sayles & Co. L P boosted its holdings in UMH Properties by 2,760.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 2,346 shares during the period. US Bancorp DE raised its stake in shares of UMH Properties by 261.1% during the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,791 shares during the period. Quarry LP lifted its position in shares of UMH Properties by 904.5% during the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust's stock worth $75,000 after purchasing an additional 3,419 shares in the last quarter. Finally, Ulland Investment Advisors LLC boosted its stake in shares of 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 valued at $74,000 after purchasing an additional 2,915 shares during the period. Hedge funds and other institutional investors own 75.40% of the company's stock.
UMH Properties Stock Performance
Shares of UMH stock remained flat at $18.25 during trading hours on Wednesday. 314,220 shares of the stock traded hands, compared to its average volume of 317,113. The company has a market cap of $1.50 billion, a PE ratio of 140.40, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. UMH Properties, Inc. has a twelve month low of $14.73 and a twelve month high of $20.64. The firm has a 50 day moving average price of $18.13 and a 200-day moving average price of $18.82. 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 (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 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 business had revenue of ($126.74) million during the quarter, compared to the consensus estimate of $59.73 million. As a group, analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.
UMH Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were given a dividend of $0.215 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a yield of 4.71%. UMH Properties's dividend payout ratio is currently 2,866.67%.
Analyst Ratings Changes
Several equities research analysts recently issued reports 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 reaffirmed a "neutral" rating and set a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, UMH Properties currently has a consensus rating of "Hold" and an average target price of $21.25.
Check Out Our Latest Analysis on UMH
UMH Properties Company Profile
(
Free Report)
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.
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