Swiss National Bank Purchases 16,200 Shares of UMH Properties, Inc. (NYSE:UMH)

Swiss National Bank raised its position in UMH Properties, Inc. (NYSE:UMH - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,800 shares of the real estate investment trust's stock after buying an additional 16,200 shares during the period. Swiss National Bank owned 0.19% of UMH Properties worth $2,772,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UMH. Farther Finance Advisors LLC increased its stake in shares of UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 1,456 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in UMH Properties during the 4th quarter worth about $38,000. Loomis Sayles & Co. L P increased its position 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 valued at $48,000 after acquiring an additional 2,346 shares in the last quarter. Ulland Investment Advisors LLC raised 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 worth $74,000 after acquiring an additional 2,915 shares during the last quarter. Finally, 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. 75.40% of the stock is owned by institutional investors.

Remove Ads

Analyst Ratings Changes

UMH has been the subject of a number of research reports. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Thursday. Wedbush reissued a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, UMH Properties presently has a consensus rating of "Hold" and an average price target of $21.17.

UMH Properties Trading Up 0.1 %

Shares of UMH traded up $0.03 on Monday, reaching $18.73. 748,307 shares of the company's stock were exchanged, compared to its average volume of 417,372. The business has a 50 day moving average price of $18.20 and a two-hundred day moving average price of $18.75. UMH Properties, Inc. has a 12 month low of $14.73 and a 12 month high of $20.64. The stock has a market capitalization of $1.54 billion, a P/E ratio of 144.05, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. 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 (NYSE:UMH - Get Free Report) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.03 by $0.21. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The company had revenue of ($126.74) million during the quarter, compared to analysts' expectations of $59.73 million. Research analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 annualized dividend and a dividend yield of 4.59%. UMH Properties's payout ratio is currently 2,866.67%.

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.