William Blair Investment Management LLC boosted its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,992,420 shares of the real estate investment trust's stock after purchasing an additional 48,480 shares during the period. William Blair Investment Management LLC owned about 2.53% of UMH Properties worth $37,617,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Centiva Capital LP raised its position in shares of UMH Properties by 4.0% in the 3rd quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust's stock valued at $618,000 after purchasing an additional 1,195 shares in the last quarter. 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 worth $30,000 after buying an additional 1,456 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in UMH Properties by 6.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 24,240 shares of the real estate investment trust's stock valued at $458,000 after acquiring an additional 1,467 shares in the last quarter. Keybank National Association OH boosted its stake in UMH Properties by 7.5% during the 4th quarter. Keybank National Association OH now owns 24,219 shares of the real estate investment trust's stock valued at $457,000 after acquiring an additional 1,699 shares during the last quarter. Finally, US Bancorp DE grew its holdings in UMH Properties by 261.1% during the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 1,791 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on UMH shares. StockNews.com downgraded UMH Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Wedbush reiterated a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.25.
Read Our Latest Report on UMH
UMH Properties Stock Performance
Shares of UMH Properties stock traded down $0.21 on Friday, reaching $18.30. 726,967 shares of the company were exchanged, compared to its average volume of 329,485. UMH Properties, Inc. has a 1-year low of $14.73 and a 1-year high of $20.64. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 140.78, a P/E/G ratio of 2.93 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The company's 50-day moving average is $18.14 and its two-hundred day moving average is $18.81.
UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.03 by $0.21. The business had revenue of ($126.74) million during 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%. As a group, research analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.
UMH Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.215 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.70%. UMH Properties's dividend payout ratio (DPR) is presently 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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