Resona Asset Management Co. Ltd. Makes New $546,000 Investment in UMH Properties, Inc. (NYSE:UMH)

Resona Asset Management Co. Ltd. bought a new stake in UMH Properties, Inc. (NYSE:UMH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,091 shares of the real estate investment trust's stock, valued at approximately $546,000.

Several other institutional investors also recently modified their holdings of UMH. Principal Financial Group Inc. bought a new position in UMH Properties in the third quarter valued at approximately $675,000. Swiss National Bank boosted its position in shares of UMH Properties by 12.4% in the 4th 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 last quarter. Barclays PLC boosted its position in shares of UMH Properties by 101.1% in the 3rd 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of UMH Properties by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust's stock worth $33,520,000 after purchasing an additional 59,705 shares during the period. Finally, State Street Corp increased its holdings in UMH Properties by 44.5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock valued at $55,127,000 after purchasing an additional 863,089 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

Analysts Set New Price Targets

UMH has been the topic of a number of recent analyst reports. StockNews.com cut UMH Properties from a "hold" rating to a "sell" rating in a report on Monday. Wedbush restated a "neutral" rating and set a $20.00 price objective 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 given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, UMH Properties has a consensus rating of "Hold" and a consensus price target of $21.17.

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UMH Properties Stock Down 0.4 %

Shares of UMH stock traded down $0.07 during trading on Tuesday, reaching $17.03. The company's stock had a trading volume of 484,895 shares, compared to its average volume of 425,237. UMH Properties, Inc. has a one year low of $14.73 and a one year high of $20.64. The business has a fifty day moving average price of $18.03 and a 200-day moving average price of $18.55. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 131.01, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. 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 (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 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 company had revenue of ($126.74) million during the quarter, compared to analysts' expectations of $59.73 million. Analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share 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 paid a dividend of $0.225 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.28%. This is a boost from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's dividend payout ratio is currently 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.