Rhumbline Advisers lessened its position in UMH Properties, Inc. (NYSE:UMH) by 12.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 29,991 shares of the real estate investment trust’s stock after selling 4,297 shares during the period. Rhumbline Advisers owned approximately 0.09% of UMH Properties worth $447,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in UMH. Teacher Retirement System of Texas acquired a new stake in UMH Properties in the fourth quarter valued at approximately $158,000. Mesirow Financial Investment Management Inc. acquired a new stake in UMH Properties in the fourth quarter valued at approximately $257,000. Koshinski Asset Management Inc. acquired a new stake in UMH Properties in the fourth quarter valued at approximately $549,000. First Allied Advisory Services Inc. acquired a new stake in UMH Properties in the third quarter valued at approximately $629,000. Finally, Nationwide Fund Advisors lifted its holdings in shares of UMH Properties by 231.0% in the third quarter. Nationwide Fund Advisors now owns 51,673 shares of the real estate investment trust’s stock valued at $804,000 after purchasing an additional 36,060 shares in the last quarter. 55.59% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on UMH. Zacks Investment Research upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Friday, January 12th. B. Riley set a $16.00 target price on UMH Properties and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, DA Davidson set a $16.00 target price on UMH Properties and gave the company a “buy” rating in a report on Monday, March 12th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $17.92.
UMH stock opened at $13.10 on Friday. UMH Properties, Inc. has a twelve month low of $11.38 and a twelve month high of $17.90. The company has a debt-to-equity ratio of 2.14, a quick ratio of 6.14 and a current ratio of 6.14. The company has a market capitalization of $462.08, a PE ratio of 18.45, a P/E/G ratio of 1.68 and a beta of 0.48.
UMH Properties (NYSE:UMH) last posted its earnings results on Thursday, March 8th. The real estate investment trust reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. UMH Properties had a return on equity of 0.45% and a net margin of 0.68%. The company had revenue of $28.70 million for the quarter, compared to analyst estimates of $28.59 million. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. equities research analysts anticipate that UMH Properties, Inc. will post 0.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.50%. UMH Properties’s dividend payout ratio is presently 101.41%.
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UMH Properties Company Profile
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 112 manufactured home communities containing approximately 20,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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