2 days Ago By ABMN Staff
Russell Investments Group Ltd. lowered its stake in UMH Properties, Inc. ( NYSE:UMH – Free Report ) by 1.
4% during the fourth quarter, Holdings Channel.com reports. The fund owned 213,340 shares of the real estate investment trust’s stock after selling 3,109 shares during the period.
Russell Investments Group Ltd.’s holdings in UMH Properties were worth $4,028,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also bought and sold shares of the company.
Principal Financial Group Inc. acquired a new position in shares of UMH Properties during the 3rd quarter worth approximately $675,000. Swiss National Bank grew its stake in shares of UMH Properties by 12.
4% in the fourth 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 in the last quarter. Barclays PLC increased its holdings in UMH Properties by 101.
1% during the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after buying an additional 80,660 shares during the last quarter. Geode Capital Management LLC increased its holdings in UMH Properties by 3.
6% during the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock worth $33,520,000 after buying an additional 59,705 shares during the last quarter. Finally, State Street Corp lifted its stake in UMH Properties by 44.
5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after acquiring an additional 863,089 shares during the last quarter. Institutional investors own 75.
40% of the company’s stock. Analyst Ratings Changes UMH has been the topic of several recent analyst reports. StockNews.
com lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Monday. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th.
One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.17.
UMH Properties Trading Down 0.4 % UMH stock opened at $17.03 on Wednesday.
UMH Properties, Inc. has a one year low of $14.73 and a one year high of $20.
64. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 131.
03, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17.
The company has a fifty day moving average price of $18.01 and a two-hundred day moving average price of $18.54.
The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.
48. UMH Properties ( NYSE:UMH – Get Free Report ) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.
24 EPS for the quarter, topping the consensus estimate of $0.03 by $0.21.
The business had revenue of ($126.74) million during the quarter, compared to the consensus estimate of $59.73 million.
UMH Properties had a net margin of 11.81% and a return on equity of 6.06%.
Equities analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.
UMH Properties Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a $0.225 dividend.
This is an increase from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th.
This represents a $0.90 annualized dividend and a dividend yield of 5.28%.
UMH Properties’s dividend payout ratio is presently 3,000.00%. UMH Properties Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding UMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMH Properties, Inc.
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