Pictet Asset Management Holding SA Increases Holdings in UMH Properties, Inc. (NYSE:UMH)

Pictet Asset Management Holding SA increased its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 7.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,005 shares of the real estate investment trust’s stock after purchasing an additional 1,590 shares during the period. Pictet Asset Management Holding SA’s holdings in UMH Properties were worth $415,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings 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 purchased a new position in UMH Properties in the 4th quarter worth approximately $38,000. Ulland Investment Advisors LLC increased its holdings in shares of UMH Properties by 291.5% in 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 during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of UMH Properties during the 4th quarter valued at $197,000. Finally, Custom Index Systems LLC purchased a new stake in shares of UMH Properties during the 4th quarter valued at $215,000. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Up 4.7 %

Shares of NYSE:UMH opened at $17.13 on Thursday. UMH Properties, Inc. has a 12-month low of $14.73 and a 12-month high of $20.64. 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 stock’s 50-day moving average price is $18.11 and its 200-day moving average price is $18.61. The stock has a market capitalization of $1.41 billion, a P/E ratio of 131.78, a price-to-earnings-growth 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, topping analysts’ consensus estimates of $0.03 by $0.21. The business had revenue of ($126.74) million for the quarter, compared to analysts’ expectations of $59.73 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. On average, equities analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Thursday, May 15th. This is a positive change from UMH Properties’s previous quarterly dividend of $0.22. UMH Properties’s dividend payout ratio (DPR) is 3,000.00%.

Analyst Ratings Changes

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

About UMH Properties

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.