Dimensional Fund Advisors LP boosted its holdings in shares of UMH Properties, Inc. (NYSE:UMH – Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,175,769 shares of the real estate investment trust’s stock after purchasing an additional 42,964 shares during the quarter. Dimensional Fund Advisors LP’s holdings in UMH Properties were worth $16,966,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of UMH Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 8,128,983 shares of the real estate investment trust’s stock valued at $129,332,000 after purchasing an additional 144,368 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in UMH Properties by 5.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,386,288 shares of the real estate investment trust’s stock valued at $69,786,000 after acquiring an additional 237,609 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of UMH Properties by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,072,652 shares of the real estate investment trust’s stock valued at $32,982,000 after acquiring an additional 16,978 shares during the period. Goldman Sachs Group Inc. lifted its stake in UMH Properties by 110.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,865,018 shares of the real estate investment trust’s stock worth $29,672,000 after purchasing an additional 980,043 shares during the last quarter. Finally, Private Management Group Inc. grew its stake in shares of UMH Properties by 9.6% during the fourth quarter. Private Management Group Inc. now owns 1,842,229 shares of the real estate investment trust’s stock valued at $29,310,000 after buying an additional 162,049 shares during the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.
UMH Properties Trading Up 1.5%
UMH opened at $15.95 on Friday. The stock’s fifty day moving average is $15.32 and its two-hundred day moving average is $15.35. The company has a market capitalization of $1.36 billion, a P/E ratio of 132.94 and a beta of 0.96. UMH Properties, Inc. has a 52 week low of $13.93 and a 52 week high of $16.65. The company has a quick ratio of 6.97, a current ratio of 6.90 and a debt-to-equity ratio of 1.28.
UMH Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th will be issued a $0.225 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.6%. UMH Properties’s dividend payout ratio (DPR) is currently 750.00%.
Analyst Upgrades and Downgrades
UMH has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of UMH Properties in a report on Friday, July 31st. Odeon Capital Group set a $17.50 price objective on UMH Properties in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.25.
Get Our Latest Stock Report on UMH Properties
About UMH Properties
UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.
The company generates revenue through rental lot fees, home sales and related community services.
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