Franklin Resources Inc. Sells 46,148 Shares of UMH Properties, Inc. (NYSE:UMH)

Franklin Resources Inc. reduced its stake in UMH Properties, Inc. (NYSE:UMH - Free Report) by 19.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 189,877 shares of the real estate investment trust's stock after selling 46,148 shares during the quarter. Franklin Resources Inc. owned approximately 0.24% of UMH Properties worth $3,585,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of UMH Properties by 1,011.1% in the 4th 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. Golden State Wealth Management LLC purchased a new position in UMH Properties in the fourth quarter worth $38,000. Ulland Investment Advisors LLC boosted its position in 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 worth $74,000 after purchasing an additional 2,915 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in UMH Properties in the 4th quarter valued at $197,000. Finally, Custom Index Systems LLC purchased a new stake in shares of UMH Properties during the 4th quarter valued at $215,000. 75.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UMH. StockNews.com lowered shares of UMH Properties from a "hold" rating to a "sell" rating in a research report on Monday. Wedbush reissued a "neutral" rating and set a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, UMH Properties has a consensus rating of "Hold" and a consensus price target of $21.17.

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UMH Properties Stock Performance

UMH traded down $0.07 during trading hours on Tuesday, hitting $17.03. The stock had a trading volume of 760,050 shares, compared to its average volume of 426,301. The stock has a market cap of $1.41 billion, a PE ratio of 131.03, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64. 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's fifty day simple moving average is $18.03 and its 200 day simple moving average is $18.55.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings results 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 company 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%. Equities analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.225 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.28%. This is an increase from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's dividend payout ratio is currently 3,000.00%.

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.