Hsbc Holdings PLC Purchases 11,194 Shares of UMH Properties, Inc. (NYSE:UMH)

Hsbc Holdings PLC grew its position in shares of UMH Properties, Inc. (NYSE:UMH) by 23.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,266 shares of the real estate investment trust’s stock after purchasing an additional 11,194 shares during the quarter. Hsbc Holdings PLC’s holdings in UMH Properties were worth $1,119,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC raised its stake in shares of UMH Properties by 101.1% during the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after acquiring an additional 80,660 shares in the last quarter. Tidal Investments LLC purchased a new position in UMH Properties in the 3rd quarter worth $495,000. Franklin Resources Inc. bought a new stake in UMH Properties in the third quarter worth $4,421,000. Principal Financial Group Inc. purchased a new stake in UMH Properties during the third quarter valued at about $675,000. Finally, JPMorgan Chase & Co. grew its stake in shares of UMH Properties by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 410,856 shares of the real estate investment trust’s stock valued at $8,082,000 after buying an additional 68,580 shares during the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on UMH shares. Wedbush restated a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, UMH Properties currently has a consensus rating of “Hold” and an average target price of $21.17.

UMH Properties Trading Up 0.3 %

UMH opened at $17.82 on Friday. UMH Properties, Inc. has a one year low of $14.73 and a one year high of $20.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The business has a 50 day simple moving average of $17.88 and a two-hundred day simple moving average of $18.41. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 137.09, a PEG ratio of 2.93 and a beta of 1.17.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $61.23 million during the quarter, compared to analyst estimates of $62.82 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. Analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.05%. UMH Properties’s dividend payout ratio is 3,000.00%.

About UMH Properties

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.