Pensionfund DSM Netherlands cut its holdings in UMH Properties, Inc. (NYSE:UMH) by 19.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 76,900 shares of the real estate investment trust’s stock after selling 18,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in UMH Properties were worth $1,474,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of UMH Properties by 197.8% during the 1st quarter. FMR LLC now owns 1,559,738 shares of the real estate investment trust’s stock worth $21,962,000 after purchasing an additional 1,035,919 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of UMH Properties by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 83,220 shares of the real estate investment trust’s stock worth $1,127,000 after purchasing an additional 1,900 shares in the last quarter. LPL Financial LLC grew its holdings in shares of UMH Properties by 26.7% during the 3rd quarter. LPL Financial LLC now owns 13,744 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 2,900 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of UMH Properties by 2.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 62,169 shares of the real estate investment trust’s stock worth $842,000 after purchasing an additional 1,409 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of UMH Properties by 25.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 245,072 shares of the real estate investment trust’s stock worth $3,355,000 after buying an additional 50,108 shares during the last quarter. Hedge funds and other institutional investors own 57.37% of the company’s stock.
UMH opened at $19.56 on Thursday. UMH Properties, Inc. has a 12-month low of $9.98 and a 12-month high of $19.86. The company has a current ratio of 4.86, a quick ratio of 4.86 and a debt-to-equity ratio of 6.16. The stock has a 50-day moving average price of $18.35 and a 200-day moving average price of $15.63. The stock has a market capitalization of $828.78 million, a P/E ratio of -16.58 and a beta of 1.07.
UMH Properties (NYSE:UMH) last announced its earnings results on Tuesday, March 9th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.49. UMH Properties had a negative return on equity of 21.08% and a negative net margin of 13.64%. On average, equities research analysts predict that UMH Properties, Inc. will post 0.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Monday, May 17th will be issued a $0.19 dividend. The ex-dividend date is Friday, May 14th. This represents a $0.76 dividend on an annualized basis and a yield of 3.89%. UMH Properties’s dividend payout ratio is currently 120.63%.
Several equities analysts have commented on the company. B. Riley increased their target price on UMH Properties from $16.50 to $21.00 and gave the company a “buy” rating in a research report on Friday, March 12th. TheStreet raised UMH Properties from a “c” rating to a “b-” rating in a research note on Thursday, March 25th. Aegis assumed coverage on UMH Properties in a research note on Monday, March 29th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Zacks Investment Research raised UMH Properties from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday. Six research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $20.33.
About UMH Properties
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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