Quantbot Technologies LP purchased a new stake in UMH Properties, Inc. (NYSE:UMH – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 53,350 shares of the real estate investment trust’s stock, valued at approximately $808,000. Quantbot Technologies LP owned 0.06% of UMH Properties at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of UMH Properties in the 2nd quarter valued at $127,139,000. Vanguard Group Inc. increased its position 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 worth $129,332,000 after purchasing an additional 144,368 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in UMH Properties by 5.7% during the 4th 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 purchasing an additional 237,609 shares during the last quarter. Geode Capital Management LLC boosted its position in 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 buying an additional 16,978 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position 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 valued at $29,672,000 after buying an additional 980,043 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.
UMH Properties Stock Performance
UMH Properties stock opened at $16.67 on Thursday. The stock has a 50-day simple moving average of $15.65 and a 200 day simple moving average of $15.40. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 138.92 and a beta of 0.96. The company has a quick ratio of 6.90, a current ratio of 6.90 and a debt-to-equity ratio of 1.28. UMH Properties, Inc. has a 12-month low of $13.93 and a 12-month high of $16.77.
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 paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, August 17th. UMH Properties’s dividend payout ratio is 750.00%.
Wall Street Analysts Forecast Growth
UMH has been the subject of several recent analyst reports. Odeon Capital Group set a $17.50 price objective on shares of UMH Properties in a report on Thursday, July 9th. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a report on Friday, July 31st. Finally, Wall Street Zen upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.
Get Our Latest Stock Report on UMH
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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