Capital Research Global Investors cut its holdings in UMH Properties, Inc. (NYSE:UMH – Free Report) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,607,487 shares of the real estate investment trust’s stock after selling 1,063,816 shares during the period. Capital Research Global Investors owned 3.06% of UMH Properties worth $41,485,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Danske Bank A S purchased a new stake in shares of UMH Properties during the fourth quarter worth $49,000. Quantbot Technologies LP purchased a new stake in shares of UMH Properties during the second quarter worth $52,000. Creative Financial Designs Inc. ADV lifted its position in shares of UMH Properties by 96.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,495 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 1,720 shares in the last quarter. Signaturefd LLC lifted its position in shares of UMH Properties by 111.8% during the fourth quarter. Signaturefd LLC now owns 3,588 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 1,894 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of UMH Properties during the third quarter worth $61,000. 75.40% of the stock is owned by institutional investors.
UMH Properties Trading Up 1.2%
NYSE:UMH opened at $15.30 on Wednesday. The company has a market cap of $1.30 billion, a P/E ratio of 152.95 and a beta of 0.97. The stock’s fifty day moving average price is $15.28 and its two-hundred day moving average price is $15.46. UMH Properties, Inc. has a 1 year low of $13.93 and a 1 year high of $17.44. The company has a debt-to-equity ratio of 1.20, a current ratio of 6.97 and a quick ratio of 6.97.
UMH Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, May 15th. UMH Properties’s dividend payout ratio (DPR) is 900.00%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on UMH shares. Weiss Ratings upgraded UMH Properties from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, UMH Properties has an average rating of “Hold” and an average target price of $17.17.
View 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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