Voya Investment Management LLC increased its position in UMH Properties, Inc. (NYSE:UMH) by 11.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,252 shares of the real estate investment trust’s stock after purchasing an additional 1,798 shares during the quarter. Voya Investment Management LLC owned 0.05% of UMH Properties worth $294,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in UMH Properties by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,048 shares of the real estate investment trust’s stock valued at $461,000 after acquiring an additional 92 shares in the last quarter. Bard Associates Inc. increased its holdings in shares of UMH Properties by 1.0% in the 2nd quarter. Bard Associates Inc. now owns 58,600 shares of the real estate investment trust’s stock worth $999,000 after acquiring an additional 600 shares during the period. Aperio Group LLC grew its position in UMH Properties by 6.0% in the 2nd quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 617 shares in the last quarter. Nationwide Fund Advisors grew its position in UMH Properties by 6.9% in the 2nd quarter. Nationwide Fund Advisors now owns 15,613 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 1,007 shares in the last quarter. Finally, Blair William & Co. IL grew its position in UMH Properties by 2.7% in the 2nd quarter. Blair William & Co. IL now owns 72,185 shares of the real estate investment trust’s stock valued at $1,231,000 after buying an additional 1,930 shares in the last quarter. Institutional investors and hedge funds own 52.90% of the company’s stock.
UMH Properties, Inc. (NYSE UMH) opened at $15.07 on Wednesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.46 and a quick ratio of 4.46. UMH Properties, Inc. has a 12-month low of $12.67 and a 12-month high of $17.90. The stock has a market capitalization of $527.74, a P/E ratio of 21.90, a P/E/G ratio of 2.07 and a beta of 0.60.
UMH Properties (NYSE:UMH) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.34). The firm had revenue of $28.69 million during the quarter, compared to the consensus estimate of $28.79 million. UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS. research analysts anticipate that UMH Properties, Inc. will post 0.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Tuesday, November 14th. UMH Properties’s dividend payout ratio is -327.26%.
Several research firms have recently weighed in on UMH. Zacks Investment Research lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. B. Riley reissued a “buy” rating on shares of UMH Properties in a research report on Wednesday, November 1st. Janney Montgomery Scott initiated coverage on shares of UMH Properties in a research report on Friday, September 8th. They set a “buy” rating on the stock. DA Davidson initiated coverage on UMH Properties in a report on Friday, September 1st. They set a “buy” rating and a $18.00 price target on the stock. Finally, BidaskClub upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.70.
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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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