Quantbot Technologies LP raised its stake in UMH Properties, Inc. (NYSE:UMH – Free Report) by 1,612.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,223 shares of the real estate investment trust’s stock after purchasing an additional 50,115 shares during the quarter. Quantbot Technologies LP owned 0.06% of UMH Properties worth $790,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of UMH. Cloud Capital Management LLC acquired a new stake in shares of UMH Properties during the third quarter worth $29,000. KBC Group NV grew its position in UMH Properties by 74.0% in the 2nd quarter. KBC Group NV now owns 3,005 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,278 shares during the last quarter. Spire Wealth Management increased its stake in UMH Properties by 41.5% in the 3rd quarter. Spire Wealth Management now owns 4,980 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 1,460 shares during the period. Jones Financial Companies Lllp increased its stake in UMH Properties by 5,629.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,729 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 5,629 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in UMH Properties during the 2nd quarter worth $90,000. Institutional investors and hedge funds own 75.40% of the company’s stock.
UMH Properties Trading Down 0.1%
NYSE:UMH opened at $14.84 on Friday. UMH Properties, Inc. has a 1 year low of $13.95 and a 1 year high of $19.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 8.93 and a current ratio of 8.93. The stock has a fifty day moving average price of $15.88 and a two-hundred day moving average price of $15.35. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 212.00, a PEG ratio of 2.47 and a beta of 1.07.
UMH Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.90 dividend on an annualized basis and a yield of 6.1%. UMH Properties’s payout ratio is currently 1,285.71%.
Wall Street Analyst Weigh In
Several analysts have recently commented on UMH shares. B. Riley Financial reduced their target price on shares of UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a research note on Monday, November 24th. Colliers Securities raised shares of UMH Properties to a “buy” rating in a report on Thursday, December 4th. Cantor Fitzgerald restated a “neutral” rating and issued a $16.00 price objective on shares of UMH Properties in a research report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.
Get Our Latest Analysis on UMH Properties
UMH Properties Profile
UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.
The company generates revenue through rental lot fees, home sales and related community services.
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