Teacher Retirement System of Texas Increases Position in UMH Properties, Inc. (NYSE:UMH)

Teacher Retirement System of Texas boosted its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 169.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,760 shares of the real estate investment trust's stock after purchasing an additional 125,036 shares during the quarter. Teacher Retirement System of Texas owned about 0.25% of UMH Properties worth $3,753,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 1,456 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of UMH Properties during the 4th quarter worth approximately $38,000. Loomis Sayles & Co. L P lifted its holdings in shares of 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 buying an additional 2,346 shares during the period. Quarry LP grew its holdings in UMH Properties by 904.5% in the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust's stock valued at $75,000 after purchasing an additional 3,419 shares during the last quarter. Finally, Ulland Investment Advisors LLC increased its position 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 buying an additional 2,915 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

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UMH Properties Trading Up 1.0 %

Shares of UMH Properties stock traded up $0.19 during trading hours on Friday, hitting $18.70. The company's stock had a trading volume of 571,146 shares, compared to its average volume of 416,048. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.54 billion, a PE ratio of 143.82, a P/E/G ratio of 2.93 and a beta of 1.29. The business has a fifty day moving average of $18.19 and a 200 day moving average of $18.78. UMH Properties, Inc. has a 1-year low of $14.73 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data 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 return on equity of 6.06% and a net margin of 11.81%. The company had revenue of ($126.74) million for the quarter, compared to analyst estimates of $59.73 million. As a group, equities analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UMH. Wedbush reaffirmed a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.