Yoffe Investment Management LLC Invests $438,000 in UMH Properties, Inc. (NYSE:UMH)

Yoffe Investment Management LLC bought a new position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 23,223 shares of the real estate investment trust's stock, valued at approximately $438,000.

Other institutional 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 valued at $30,000 after purchasing an additional 1,456 shares in the last quarter. Golden State Wealth Management LLC bought a new position in UMH Properties in the 4th quarter valued at $38,000. Ulland Investment Advisors LLC grew its holdings in shares of UMH Properties by 291.5% during 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. Quarry LP increased its stake in shares of UMH Properties by 904.5% in the third 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 in the last quarter. Finally, Cornerstone Investment Partners LLC bought a new position in shares of UMH Properties in the fourth quarter valued at about $197,000. Institutional investors and hedge funds own 75.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th. Wedbush restated a "neutral" rating and issued a $20.00 price objective 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 given a buy rating to the stock. Based on data from MarketBeat, UMH Properties has a consensus rating of "Hold" and an average target price of $21.17.

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UMH Properties Trading Down 0.3 %

Shares of NYSE UMH traded down $0.06 during mid-day trading on Wednesday, hitting $16.30. The company's stock had a trading volume of 461,579 shares, compared to its average volume of 421,657. UMH Properties, Inc. has a one year low of $14.73 and a one year high of $20.64. The company's fifty day simple moving average is $18.14 and its 200-day simple moving average is $18.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 125.05, a price-to-earnings-growth 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 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.21. The firm 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%. 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. Shareholders of record on Thursday, May 15th will be paid a $0.225 dividend. This is a positive change from UMH Properties's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 annualized dividend and a yield of 5.52%. UMH Properties's dividend payout ratio is presently 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.