Vanguard Group Inc. increased its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,506,462 shares of the real estate investment trust's stock after buying an additional 799,798 shares during the quarter. Vanguard Group Inc. owned about 9.51% of UMH Properties worth $141,722,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in UMH. Farther Finance Advisors LLC raised its position in 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 valued at $30,000 after purchasing an additional 1,456 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of UMH Properties during the 4th quarter worth about $38,000. Quarry LP raised its holdings in UMH Properties by 904.5% in the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust's stock valued at $75,000 after buying an additional 3,419 shares during the period. Ulland Investment Advisors LLC lifted 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 valued at $74,000 after buying an additional 2,915 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in UMH Properties during the fourth quarter worth about $197,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.
UMH Properties Stock Up 0.8 %
Shares of UMH traded up $0.13 during mid-day trading on Friday, hitting $16.84. 361,192 shares of the company's stock were exchanged, compared to its average volume of 425,059. The stock's 50-day moving average is $18.06 and its 200-day moving average is $18.57. 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 fifty-two week low of $14.73 and a fifty-two week high of $20.64. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 129.55, a P/E/G ratio of 2.93 and a beta of 1.17.
UMH Properties (NYSE:UMH - Get Free Report) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. On average, 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 business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.34%. This is a boost from UMH Properties's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. UMH Properties's payout ratio is presently 3,000.00%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Wedbush reissued a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.17.
Read Our Latest Stock Analysis on UMH
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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