Nomura Asset Management Co. Ltd. lifted its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,200 shares of the real estate investment trust's stock after purchasing an additional 15,000 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.12% of UMH Properties worth $1,835,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of UMH. Farther Finance Advisors LLC raised its stake in UMH Properties by 1,011.1% during 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 position in UMH Properties during the fourth quarter worth $38,000. Ulland Investment Advisors LLC lifted its stake in UMH Properties by 291.5% during the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 2,915 shares during the last quarter. Quarry LP increased its stake in UMH Properties by 904.5% during 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, Cornerstone Investment Partners LLC bought a new stake in UMH Properties during the fourth quarter valued at $197,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.
UMH Properties Stock Performance
Shares of NYSE UMH traded down $0.87 during midday trading on Monday, reaching $16.98. 690,585 shares of the company traded hands, compared to its average volume of 421,432. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 130.62, a PEG ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The stock has a 50-day moving average price of $18.21 and a 200 day moving average price of $18.68. UMH Properties, Inc. has a 52 week low of $14.73 and a 52 week high of $20.64.
UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.21. The business had revenue of ($126.74) million for the quarter, compared to analyst estimates of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. Sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.
UMH Properties Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This is a positive change from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, May 15th. UMH Properties's payout ratio is presently 3,000.00%.
Analysts Set New Price Targets
UMH has been the subject of several research reports. Wedbush reaffirmed a "neutral" rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. StockNews.com raised UMH Properties from a "sell" rating to a "hold" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $21.17.
View Our Latest Research Report on UMH
About UMH Properties
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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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