UMH Properties, Inc. (NYSE:UMH) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in UMH Properties, Inc. (NYSE:UMH) by 6.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 24,240 shares of the real estate investment trust’s stock after acquiring an additional 1,467 shares during the period. Daiwa Securities Group Inc.’s holdings in UMH Properties were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in UMH. Raymond James Financial Inc. acquired a new position in shares of UMH Properties in the 4th quarter worth approximately $23,396,000. State Street Corp grew its position in shares of UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after acquiring an additional 863,089 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in UMH Properties by 476.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,874 shares of the real estate investment trust’s stock valued at $6,607,000 after purchasing an additional 277,590 shares during the period. Franklin Resources Inc. acquired a new position in UMH Properties during the 3rd quarter valued at approximately $4,421,000. Finally, Brookfield Corp ON acquired a new position in UMH Properties during the 3rd quarter valued at approximately $4,331,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Up 1.8 %

Shares of UMH Properties stock opened at $18.03 on Monday. The business’s fifty day moving average price is $18.13 and its two-hundred day moving average price is $18.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The company has a market capitalization of $1.49 billion, a P/E ratio of 138.68, a PEG ratio of 2.93 and a beta of 1.29. UMH Properties, Inc. has a 1-year low of $14.73 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.21. The firm had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. As a group, research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.77%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s payout ratio is currently 2,866.67%.

Analysts Set New Price Targets

A number of research firms recently issued reports on UMH. StockNews.com lowered UMH Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Wedbush restated a “neutral” rating and set a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.25.

UMH Properties Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.