UMH Properties, Inc. (NYSE:UMH) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 107.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,341 shares of the real estate investment trust’s stock after buying an additional 12,088 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in UMH Properties were worth $441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in UMH Properties by 1,011.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,456 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of UMH Properties during the fourth quarter worth approximately $38,000. Loomis Sayles & Co. L P lifted its holdings in shares of UMH Properties by 2,760.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 2,346 shares during the period. Ulland Investment Advisors LLC grew its position in 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 valued at $74,000 after buying an additional 2,915 shares during the last quarter. Finally, Quarry LP increased its stake in UMH Properties by 904.5% in the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 3,419 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on UMH shares. Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, UMH Properties has a consensus rating of “Hold” and an average price target of $21.17.

UMH Properties Stock Up 0.0 %

UMH stock opened at $18.49 on Friday. 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 company’s 50-day moving average price is $18.19 and its 200 day moving average price is $18.78. UMH Properties, Inc. has a 52 week low of $14.73 and a 52 week high of $20.64. The company has a market cap of $1.52 billion, a P/E ratio of 142.25, a P/E/G ratio of 2.93 and a beta of 1.29.

UMH Properties (NYSE:UMH) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share 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, research analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were paid a $0.215 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a yield of 4.65%. UMH Properties’s payout ratio is 2,866.67%.

UMH Properties 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.