Deprince Race & Zollo Inc. decreased its stake in shares of UMH Properties, Inc. (NYSE:UMH – Free Report) by 23.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,431 shares of the real estate investment trust’s stock after selling 51,260 shares during the period. Deprince Race & Zollo Inc. owned 0.20% of UMH Properties worth $2,445,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of UMH Properties by 629.3% during the fourth quarter. SG Americas Securities LLC now owns 1,493,476 shares of the real estate investment trust’s stock valued at $23,761,000 after acquiring an additional 1,288,703 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in UMH Properties by 110.7% in 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 in the last quarter. Schroder Investment Management Group purchased a new position in UMH Properties in the 4th quarter valued at about $11,891,000. Private Management Group Inc. boosted its stake in shares of UMH Properties by 37.9% during the 3rd quarter. Private Management Group Inc. now owns 1,680,180 shares of the real estate investment trust’s stock worth $24,951,000 after purchasing an additional 461,463 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of UMH Properties during the 4th quarter worth about $6,696,000. 75.40% of the stock is owned by institutional investors and hedge funds.
UMH Properties Stock Performance
UMH Properties stock opened at $15.47 on Friday. The stock has a fifty day moving average price of $15.32 and a 200 day moving average price of $15.45. UMH Properties, Inc. has a 52 week low of $13.93 and a 52 week high of $17.44. The firm has a market capitalization of $1.32 billion, a P/E ratio of 154.73 and a beta of 0.96. The company has a current ratio of 6.97, a quick ratio of 6.97 and a debt-to-equity ratio of 1.20.
UMH Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be given 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 5.8%. UMH Properties’s dividend payout ratio (DPR) is currently 900.00%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on UMH shares. Wall Street Zen upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Weiss Ratings raised shares of 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 two have given a Hold rating to the company. According to data from MarketBeat.com, UMH Properties has an average rating of “Moderate Buy” and a consensus price target of $17.17.
Check Out Our Latest Stock Report on UMH Properties
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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