Quantbot Technologies LP bought a new position in shares of UMH Properties, Inc. (NYSE:UMH – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 53,350 shares of the real estate investment trust’s stock, valued at approximately $808,000.
Other large investors have also made changes to their positions in the company. Allworth Financial LP bought a new position in UMH Properties in the second quarter valued at about $45,000. Summit Securities Group LLC bought a new stake in UMH Properties during the 1st quarter worth about $46,000. Danske Bank A S acquired a new position in UMH Properties during the 4th quarter valued at about $49,000. Creative Financial Designs Inc. ADV lifted its position in UMH Properties by 96.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,495 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 1,720 shares during the period. Finally, Quarry LP acquired a new position in UMH Properties during the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 75.40% of the company’s stock.
UMH Properties Trading Up 0.7%
NYSE UMH opened at $16.67 on Thursday. The stock has a 50-day simple moving average of $15.65 and a 200 day simple moving average of $15.40. The company has a market capitalization of $1.42 billion, a PE ratio of 138.92 and a beta of 0.96. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28. UMH Properties, Inc. has a 12 month low of $13.93 and a 12 month high of $16.77.
UMH Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Monday, August 17th. UMH Properties’s dividend payout ratio (DPR) is currently 750.00%.
Analyst Upgrades and Downgrades
UMH has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of UMH Properties in a research report on Friday, July 31st. Odeon Capital Group set a $17.50 price objective on shares of UMH Properties in a report on Thursday, July 9th. Finally, Wall Street Zen raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.25.
View Our Latest Report on UMH Properties
About UMH Properties
UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.
The company generates revenue through rental lot fees, home sales and related community services.
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