Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 64.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,867 shares of the real estate investment trust's stock after acquiring an additional 21,561 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of UMH Properties worth $1,036,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Centiva Capital LP increased its stake in shares of UMH Properties by 4.0% in the third quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust's stock valued at $618,000 after buying an additional 1,195 shares in the last quarter. Keybank National Association OH increased its stake in shares of UMH Properties by 7.5% in the fourth quarter. Keybank National Association OH now owns 24,219 shares of the real estate investment trust's stock valued at $457,000 after buying an additional 1,699 shares in the last quarter. Diversified Trust Co increased its stake in shares of UMH Properties by 12.6% in the fourth quarter. Diversified Trust Co now owns 17,436 shares of the real estate investment trust's stock valued at $329,000 after buying an additional 1,957 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of UMH Properties in the fourth quarter valued at $38,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of UMH Properties by 10.7% in the third quarter. Daiwa Securities Group Inc. now owns 22,773 shares of the real estate investment trust's stock valued at $448,000 after buying an additional 2,207 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Wedbush restated 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 lowered UMH Properties from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, UMH Properties currently has a consensus rating of "Hold" and an average price target of $21.17.
Check Out Our Latest Research Report on UMH Properties
UMH Properties Trading Down 1.1 %
UMH traded down $0.21 during midday trading on Friday, reaching $18.30. 726,967 shares of the company were exchanged, compared to its average volume of 400,242. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. UMH Properties, Inc. has a one year low of $14.73 and a one year high of $20.64. The stock has a market capitalization of $1.51 billion, a P/E ratio of 140.78, a PEG ratio of 2.93 and a beta of 1.29. The stock's 50-day simple moving average is $18.15 and its 200 day simple moving average is $18.80.
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 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 business had revenue of ($126.74) million for the quarter, compared to analysts' expectations of $59.73 million. As a group, 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Tuesday, February 18th. UMH Properties's dividend payout ratio (DPR) is 2,866.67%.
About UMH Properties
(
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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