UMH Properties, Inc. (NYSE:UMH) Shares Sold by Boston Partners

Boston Partners decreased its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 44.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,081 shares of the real estate investment trust's stock after selling 32,251 shares during the period. Boston Partners owned 0.05% of UMH Properties worth $757,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UMH. Copeland Capital Management LLC grew its holdings in UMH Properties by 2.4% during the 4th quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust's stock valued at $53,401,000 after purchasing an additional 67,353 shares during the last quarter. State Street Corp grew its stake in shares of UMH Properties by 44.5% during the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock valued at $55,127,000 after buying an additional 863,089 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of UMH Properties by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust's stock worth $37,617,000 after buying an additional 48,480 shares during the period. Geode Capital Management LLC lifted its stake in shares of UMH Properties by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust's stock worth $33,520,000 after acquiring an additional 59,705 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in UMH Properties by 11.0% during the 4th quarter. Jennison Associates LLC now owns 1,462,585 shares of the real estate investment trust's stock valued at $27,614,000 after acquiring an additional 145,310 shares during the period. Hedge funds and other institutional investors own 75.40% of the company's stock.

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UMH Properties Stock Up 1.1 %

Shares of UMH stock traded up $0.19 during trading hours on Wednesday, reaching $18.49. 255,355 shares of the company's stock were exchanged, compared to its average volume of 399,488. The stock's 50 day moving average is $18.17 and its 200-day moving average is $18.78. 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, Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $20.64. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 142.27, a P/E/G ratio of 2.93 and a beta of 1.29.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.21. The firm had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. Analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th were paid 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 4.65%. UMH Properties's payout ratio is currently 2,866.67%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com lowered UMH Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Wedbush reaffirmed a "neutral" rating and issued a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, UMH Properties currently has an average rating of "Hold" and an average target price of $21.17.

UMH Properties Company Profile

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.