UMH Properties, Inc. (NYSE:UMH) Shares Acquired by BROOKFIELD Corp ON

BROOKFIELD Corp ON boosted its stake in UMH Properties, Inc. (NYSE:UMH) by 202.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 666,534 shares of the real estate investment trust’s stock after acquiring an additional 446,371 shares during the period. BROOKFIELD Corp ON owned 0.84% of UMH Properties worth $12,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in shares of UMH Properties in the 3rd quarter valued at approximately $675,000. Swiss National Bank increased its stake in UMH Properties by 12.4% in the 4th quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust’s stock valued at $2,772,000 after buying an additional 16,200 shares during the period. Barclays PLC increased its stake in UMH Properties by 101.1% in the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock valued at $3,155,000 after buying an additional 80,660 shares during the period. Geode Capital Management LLC lifted its stake in shares of UMH Properties by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust’s stock worth $34,719,000 after acquiring an additional 134,761 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of UMH Properties by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust’s stock valued at $37,617,000 after acquiring an additional 48,480 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UMH has been the topic of several recent analyst reports. Wedbush reiterated a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Monday. Finally, Maxim Group reduced their target price on UMH Properties from $22.00 to $20.50 and set a “buy” rating for the company in a report on Monday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, UMH Properties presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

UMH Properties Price Performance

UMH stock opened at $17.32 on Tuesday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 133.25, a PEG ratio of 2.93 and a beta of 1.17. 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 firm has a 50 day moving average of $17.87 and a 200-day moving average of $18.39. UMH Properties, Inc. has a 12-month low of $14.73 and a 12-month high of $20.64.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $61.23 million during the quarter, compared to analysts’ expectations of $62.82 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. As a group, equities analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.20%. 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 is presently 3,000.00%.

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.