UMH Properties, Inc. (NYSE:UMH) Shares Sold by Boston Partners

Boston Partners decreased its position in shares of UMH Properties, Inc. (NYSE:UMH) by 44.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,081 shares of the real estate investment trust’s stock after selling 32,251 shares during the period. Boston Partners owned about 0.05% of UMH Properties worth $757,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UMH. Farther Finance Advisors LLC lifted its stake 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 in the last quarter. Golden State Wealth Management LLC acquired a new position in UMH Properties during the 4th quarter worth about $38,000. Loomis Sayles & Co. L P lifted its stake in UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 2,346 shares in the last quarter. Ulland Investment Advisors LLC lifted its stake in UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 2,915 shares in the last quarter. Finally, Quarry LP lifted its stake in UMH Properties by 904.5% during the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 3,419 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on UMH. Wedbush reissued a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com downgraded UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, UMH Properties presently has an average rating of “Hold” and an average target price of $21.17.

UMH Properties Price Performance

Shares of NYSE UMH opened at $18.30 on Friday. The stock’s 50-day moving average is $18.15 and its two-hundred day moving average is $18.80. 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, Inc. has a 1-year low of $14.73 and a 1-year high of $20.64. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 140.78, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.21. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. Analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th were issued a $0.215 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.70%. UMH Properties’s payout ratio is currently 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.