Nationwide Fund Advisors boosted its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,613 shares of the real estate investment trust’s stock after buying an additional 1,007 shares during the period. Nationwide Fund Advisors’ holdings in UMH Properties were worth $266,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Boulegeris Investments Inc. increased its position in UMH Properties by 1.7% during the 2nd quarter. Boulegeris Investments Inc. now owns 1,763,283 shares of the real estate investment trust’s stock valued at $30,064,000 after buying an additional 28,896 shares in the last quarter. Robotti Robert increased its position in UMH Properties by 1.2% during the 2nd quarter. Robotti Robert now owns 515,814 shares of the real estate investment trust’s stock valued at $8,541,000 after buying an additional 6,175 shares in the last quarter. AJO LP increased its position in UMH Properties by 2,614.7% during the 2nd quarter. AJO LP now owns 369,151 shares of the real estate investment trust’s stock valued at $6,294,000 after buying an additional 355,553 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in UMH Properties by 3.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 317,000 shares of the real estate investment trust’s stock valued at $5,405,000 after buying an additional 10,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in UMH Properties by 27.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 286,226 shares of the real estate investment trust’s stock valued at $4,881,000 after buying an additional 61,719 shares in the last quarter. 54.78% of the stock is owned by institutional investors.
Shares of UMH Properties, Inc. (UMH) opened at $15.23 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.46 and a current ratio of 4.46. UMH Properties, Inc. has a 52 week low of $12.18 and a 52 week high of $17.90. The company has a market capitalization of $531.94, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.09 and a beta of 0.60.
UMH Properties (NYSE:UMH) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.34). UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The business had revenue of $28.69 million for the quarter, compared to analysts’ expectations of $28.79 million. During the same quarter in the prior year, the business posted ($0.02) earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. equities research analysts anticipate that UMH Properties, Inc. will post 0.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 annualized dividend and a yield of 4.73%. UMH Properties’s dividend payout ratio is -327.26%.
A number of research analysts recently weighed in on the company. BidaskClub lowered UMH Properties from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Janney Montgomery Scott assumed coverage on UMH Properties in a research report on Friday, September 8th. They set a “buy” rating for the company. Zacks Investment Research raised UMH Properties from a “strong sell” rating to a “hold” rating in a research report on Friday, October 13th. DA Davidson assumed coverage on UMH Properties in a research report on Friday, September 1st. They set a “buy” rating and a $18.00 price objective for the company. Finally, B. Riley reaffirmed a “buy” rating on shares of UMH Properties in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.70.
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UMH Properties Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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