Vanguard Group Inc. increased its stake in shares of UMH Properties, Inc. (NYSE:UMH – Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,128,983 shares of the real estate investment trust’s stock after purchasing an additional 144,368 shares during the period. Vanguard Group Inc. owned approximately 9.54% of UMH Properties worth $129,332,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in shares of UMH Properties during the 3rd quarter valued at about $29,000. Quantbot Technologies LP purchased a new position in shares of UMH Properties in the second quarter worth approximately $52,000. Signaturefd LLC grew its position in UMH Properties by 111.8% during the fourth quarter. Signaturefd LLC now owns 3,588 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 1,894 shares during the period. Quarry LP purchased a new stake in UMH Properties during the third quarter valued at approximately $61,000. Finally, Spire Wealth Management raised its position in UMH Properties by 41.5% in the third quarter. Spire Wealth Management now owns 4,980 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 1,460 shares during the period. 75.40% of the stock is owned by hedge funds and other institutional investors.
UMH Properties Price Performance
Shares of UMH Properties stock opened at $15.60 on Tuesday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 155.95 and a beta of 0.99. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 1.20. The stock’s 50-day simple moving average is $15.04 and its 200-day simple moving average is $15.39. UMH Properties, Inc. has a 52 week low of $13.93 and a 52 week high of $17.47.
UMH Properties Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Friday, May 15th. UMH Properties’s dividend payout ratio (DPR) is presently 900.00%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Wall Street Zen raised UMH Properties from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings raised UMH Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, UMH Properties presently has a consensus rating of “Hold” and a consensus price target of $17.17.
Check Out Our Latest Analysis on UMH
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.
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