Boulegeris Investments Inc. raised its holdings in shares of UMH Properties, Inc (NYSE:UMH) by 1.0% in the 4th quarter, reports. The institutional investor owned 1,801,335 shares of the real estate investment trust’s stock after purchasing an additional 17,557 shares during the quarter. UMH Properties accounts for about 14.0% of Boulegeris Investments Inc.’s portfolio, making the stock its 2nd largest position. Boulegeris Investments Inc. owned 0.05% of UMH Properties worth $26,840,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. UBS Asset Management Americas Inc. purchased a new stake in shares of UMH Properties in the fourth quarter valued at approximately $157,000. Teacher Retirement System of Texas purchased a new stake in shares of UMH Properties in the fourth quarter valued at approximately $158,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of UMH Properties in the fourth quarter valued at approximately $257,000. Stevens Capital Management LP purchased a new stake in shares of UMH Properties in the third quarter valued at approximately $260,000. Finally, Nationwide Fund Advisors boosted its holdings in shares of UMH Properties by 6.9% in the second quarter. Nationwide Fund Advisors now owns 15,613 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 1,007 shares during the period. Institutional investors and hedge funds own 53.46% of the company’s stock.

Shares of UMH Properties, Inc (NYSE UMH) opened at $11.88 on Friday. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $415.28, a P/E ratio of -54.00, a P/E/G ratio of 1.44 and a beta of 0.60. UMH Properties, Inc has a twelve month low of $11.65 and a twelve month high of $17.90.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.06%. UMH Properties’s payout ratio is -327.26%.

A number of analysts recently issued reports on the company. B. Riley set a $16.00 price target on UMH Properties and gave the company a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research lowered UMH Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $18.25.

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UMH Properties Company Profile

UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.

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Institutional Ownership by Quarter for UMH Properties (NYSE:UMH)

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