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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in UMH Properties, Inc. (NYSE:UMH) by 107.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,341 shares of the real estate investment trust’s stock after acquiring 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,456 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of UMH Properties in the fourth quarter worth $38,000. Loomis Sayles & Co. L P increased its position 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 acquiring an additional 2,346 shares during the period. Ulland Investment Advisors LLC raised its stake in shares of UMH Properties by 291.5% in the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 2,915 shares in the last quarter. Finally, Quarry LP boosted its holdings in UMH Properties by 904.5% in the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 3,419 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Analyst Upgrades and Downgrades

UMH has been the subject of several recent research reports. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Thursday. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.17.

UMH Properties Stock Performance

Shares of UMH opened at $18.49 on Friday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 142.25, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. UMH Properties, Inc. has a 52-week low of $14.73 and a 52-week high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average price of $18.19 and a 200 day moving average price of $18.78.

UMH Properties (NYSE:UMH) last posted its earnings results 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 net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. Research analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were paid a dividend of $0.215 per share. 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 dividend payout ratio is presently 2,866.67%.

UMH Properties Company 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.