Personal CFO Solutions LLC Trims Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Personal CFO Solutions LLC decreased its position in UMH Properties, Inc. (NYSE:UMH) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,694 shares of the real estate investment trust’s stock after selling 748 shares during the period. Personal CFO Solutions LLC’s holdings in UMH Properties were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Copeland Capital Management LLC raised its stake in UMH Properties by 2.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust’s stock worth $53,401,000 after acquiring an additional 67,353 shares during the last quarter. State Street Corp raised its stake in UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after acquiring an additional 863,089 shares during the last quarter. Geode Capital Management LLC raised its stake in UMH Properties by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock worth $33,520,000 after acquiring an additional 59,705 shares during the last quarter. Jennison Associates LLC raised its stake in UMH Properties by 11.0% in the 4th quarter. Jennison Associates LLC now owns 1,462,585 shares of the real estate investment trust’s stock worth $27,614,000 after acquiring an additional 145,310 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in UMH Properties in the 4th quarter worth $23,396,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Performance

NYSE UMH opened at $18.61 on Tuesday. The stock has a 50-day simple moving average of $18.21 and a two-hundred day simple moving average of $18.88. The firm has a market capitalization of $1.53 billion, a P/E ratio of 143.17, a PEG ratio of 2.93 and a beta of 1.29. UMH Properties, Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.21. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The firm had revenue of ($126.74) million during the quarter, compared to analyst estimates of $59.73 million. On average, equities analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be paid a $0.215 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 annualized dividend and a dividend yield of 4.62%. UMH Properties’s dividend payout ratio is presently 2,866.67%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com lowered UMH Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.25.

About UMH Properties

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.