Summit Global Investments Takes $258,000 Position in UMH Properties, Inc. (NYSE:UMH)

Summit Global Investments acquired a new stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,677 shares of the real estate investment trust's stock, valued at approximately $258,000.

Other institutional investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of UMH Properties by 107.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,341 shares of the real estate investment trust's stock worth $441,000 after purchasing an additional 12,088 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of UMH Properties by 169.6% during the 4th quarter. Teacher Retirement System of Texas now owns 198,760 shares of the real estate investment trust's stock valued at $3,753,000 after buying an additional 125,036 shares during the period. William Blair Investment Management LLC boosted its position in UMH Properties by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust's stock valued at $37,617,000 after purchasing an additional 48,480 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in shares of UMH Properties by 48.0% during the 4th quarter. Picton Mahoney Asset Management now owns 28,129 shares of the real estate investment trust's stock valued at $531,000 after buying an additional 9,124 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in UMH Properties by 90.3% in the fourth quarter. First Eagle Investment Management LLC now owns 375,919 shares of the real estate investment trust's stock worth $7,097,000 after acquiring an additional 178,426 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

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UMH Properties Stock Performance

NYSE:UMH traded up $0.19 during mid-day trading on Friday, hitting $18.70. 571,146 shares of the company's stock traded hands, compared to its average volume of 416,048. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 143.82, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. The firm has a 50 day moving average of $18.19 and a two-hundred day moving average of $18.76. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 12 month low of $14.73 and a 12 month high of $20.64.

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, topping the consensus estimate of $0.03 by $0.21. The business had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. On average, equities analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Tuesday, February 18th. UMH Properties's payout ratio is presently 2,866.67%.

Analyst Ratings Changes

UMH has been the subject of several recent analyst reports. StockNews.com upgraded UMH Properties from a "sell" rating to a "hold" rating in a research note on Thursday. Wedbush reiterated a "neutral" rating and set a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.17.

About UMH Properties

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.