UBS Asset Management Americas Inc. bought a new position in shares of UMH Properties, Inc (NYSE:UMH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,512 shares of the real estate investment trust’s stock, valued at approximately $157,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in UMH Properties during the 4th quarter worth approximately $158,000. Mesirow Financial Investment Management Inc. bought a new stake in UMH Properties during the 4th quarter worth approximately $257,000. Koshinski Asset Management Inc. bought a new stake in UMH Properties during the 4th quarter worth approximately $549,000. First Allied Advisory Services Inc. bought a new stake in UMH Properties during the 3rd quarter worth approximately $629,000. Finally, Nationwide Fund Advisors grew its holdings in UMH Properties by 231.0% during the 3rd quarter. Nationwide Fund Advisors now owns 51,673 shares of the real estate investment trust’s stock worth $804,000 after acquiring an additional 36,060 shares during the last quarter. 55.59% of the stock is currently owned by hedge funds and other institutional investors.
UMH has been the topic of a number of research reports. Zacks Investment Research raised shares of 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 shares of UMH Properties and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, DA Davidson set a $16.00 target price on shares of UMH Properties and gave the stock 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 company. UMH Properties currently has an average rating of “Buy” and a consensus price target of $17.92.
NYSE:UMH opened at $13.41 on Friday. UMH Properties, Inc has a fifty-two week low of $11.38 and a fifty-two week 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 cap of $468.37, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.70 and a beta of 0.60.
UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Thursday, March 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm had revenue of $28.70 million for the quarter, compared to the consensus estimate of $28.59 million. UMH Properties had a net margin of 0.68% and a return on equity of 0.45%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. equities research analysts forecast that UMH Properties, Inc will post 0.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were given a $0.18 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.37%. UMH Properties’s dividend payout ratio (DPR) is currently 101.41%.
UMH Properties Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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