Globeflex Capital L P acquired a new position in UMH Properties, Inc. (NYSE:UMH – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 35,200 shares of the real estate investment trust’s stock, valued at approximately $533,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UMH. BlackRock Inc. bought a new position in shares of UMH Properties in the second quarter worth $127,139,000. Goldman Sachs Group Inc. raised its stake in shares of UMH Properties by 110.7% during the 4th 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 purchasing an additional 980,043 shares during the period. Schroder Investment Management Group bought a new stake in shares of UMH Properties during the 4th quarter valued at $11,891,000. William Blair Investment Management LLC bought a new stake in shares of UMH Properties during the 2nd quarter valued at $10,175,000. Finally, Bank of New York Mellon Corp purchased a new stake in UMH Properties during the 2nd quarter worth about $7,212,000. 75.40% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on UMH shares. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research note on Friday, July 31st. Wall Street Zen upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Odeon Capital Group set a $17.50 price target on shares of UMH Properties in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, UMH Properties has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.
UMH Properties Stock Down 0.2%
UMH opened at $16.59 on Wednesday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 138.21 and a beta of 0.96. UMH Properties, Inc. has a one year low of $13.93 and a one year high of $16.77. The company has a fifty day moving average price of $15.62 and a 200-day moving average price of $15.39. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.90 and a quick ratio of 6.90.
UMH Properties (NYSE:UMH – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $71.64 million for the quarter, compared to the consensus estimate of $60.76 million. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Equities research analysts expect that UMH Properties, Inc. will post 0.99 earnings per share for the current fiscal year.
UMH Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 17th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.90 annualized dividend and a dividend yield of 5.4%. UMH Properties’s dividend payout ratio (DPR) is presently 750.00%.
UMH Properties Company Profile
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.
Featured Articles
- Five stocks we like better than UMH Properties
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding UMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMH Properties, Inc. (NYSE:UMH – Free Report).
Receive News & Ratings for UMH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties and related companies with MarketBeat.com's FREE daily email newsletter.
