Connors Investor Services Inc. raised its stake in UMH Properties, Inc. (NYSE:UMH – Free Report) by 36.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 233,401 shares of the real estate investment trust’s stock after buying an additional 62,748 shares during the quarter. Connors Investor Services Inc.’s holdings in UMH Properties were worth $3,713,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in UMH Properties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 8,128,983 shares of the real estate investment trust’s stock valued at $129,332,000 after buying an additional 144,368 shares during the period. D.A. Davidson & CO. increased its stake in UMH Properties by 15.6% in the 4th quarter. D.A. Davidson & CO. now owns 1,700,296 shares of the real estate investment trust’s stock valued at $27,052,000 after buying an additional 229,541 shares during the period. Private Management Group Inc. increased its stake in UMH Properties by 37.9% in the 3rd quarter. Private Management Group Inc. now owns 1,680,180 shares of the real estate investment trust’s stock valued at $24,951,000 after buying an additional 461,463 shares during the period. SG Americas Securities LLC increased its stake in UMH Properties by 629.3% in the 4th quarter. SG Americas Securities LLC now owns 1,493,476 shares of the real estate investment trust’s stock valued at $23,761,000 after buying an additional 1,288,703 shares during the period. Finally, Bank of America Corp DE increased its stake in UMH Properties by 8.3% in the 2nd quarter. Bank of America Corp DE now owns 1,189,252 shares of the real estate investment trust’s stock valued at $19,968,000 after buying an additional 91,202 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on UMH shares. Wall Street Zen upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings upgraded shares of UMH Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.17.
UMH Properties Stock Performance
Shares of UMH opened at $15.30 on Friday. The company’s fifty day moving average is $15.10 and its 200-day moving average is $15.43. UMH Properties, Inc. has a 12 month low of $13.93 and a 12 month high of $17.44. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 152.95 and a beta of 0.99. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 1.20.
UMH Properties (NYSE:UMH – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. UMH Properties had a net margin of 11.03% and a return on equity of 4.96%. The company had revenue of $65.84 million for the quarter, compared to analyst estimates of $59.35 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Equities analysts expect that UMH Properties, Inc. will post 0.99 EPS for the current fiscal year.
UMH Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.9%. UMH Properties’s dividend payout ratio is 900.00%.
UMH Properties Company Profile
UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.
The company generates revenue through rental lot fees, home sales and related community services.
Further Reading
- Five stocks we like better than UMH Properties
- Workday Validates AI Flywheel: Stock Price Recovery Begins
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
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. (NYSE:UMH – Free Report).
Receive News & Ratings for UMH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties and related companies with MarketBeat.com's FREE daily email newsletter.
