Vanguard Group Inc. Acquires 799,798 Shares of UMH Properties, Inc. (NYSE:UMH)

Vanguard Group Inc. lifted its holdings in UMH Properties, Inc. (NYSE:UMH) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,506,462 shares of the real estate investment trust’s stock after purchasing an additional 799,798 shares during the quarter. Vanguard Group Inc. owned about 0.10% of UMH Properties worth $141,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UMH. Farther Finance Advisors LLC lifted its position in shares of UMH Properties by 1,011.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,456 shares in the last quarter. Golden State Wealth Management LLC bought a new position in UMH Properties in the 4th quarter worth approximately $38,000. Ulland Investment Advisors LLC lifted its holdings in UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 2,915 shares in the last quarter. Quarry LP boosted its position in UMH Properties by 904.5% in the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 3,419 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of UMH Properties in the 4th quarter valued at $197,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Trading Down 4.9 %

NYSE UMH opened at $16.98 on Tuesday. UMH Properties, Inc. has a 12 month low of $14.73 and a 12 month high of $20.64. The stock has a 50-day simple moving average of $18.21 and a 200 day simple moving average of $18.68. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.40 billion, a PE ratio of 130.62, a P/E/G ratio of 2.93 and a beta of 1.17.

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

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.30%. This is a boost from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, May 15th. UMH Properties’s dividend payout ratio (DPR) is currently 3,000.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on UMH shares. Wedbush reiterated a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.17.

UMH Properties Company 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.