483,116 Shares in UMH Properties, Inc. (NYSE:UMH) Purchased by APG Asset Management US Inc.

APG Asset Management US Inc. bought a new stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 483,116 shares of the real estate investment trust's stock, valued at approximately $9,121,000. APG Asset Management US Inc. owned approximately 0.61% of UMH Properties 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in UMH Properties by 476.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,874 shares of the real estate investment trust's stock valued at $6,607,000 after acquiring an additional 277,590 shares during the period. Verition Fund Management LLC bought a new stake in UMH Properties in the 3rd quarter valued at $384,000. Stifel Financial Corp boosted its holdings in shares of UMH Properties by 4.7% in the 3rd quarter. Stifel Financial Corp now owns 167,789 shares of the real estate investment trust's stock worth $3,300,000 after acquiring an additional 7,546 shares in the last quarter. State Street Corp boosted its stake in UMH Properties by 44.5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock worth $55,127,000 after purchasing an additional 863,089 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in UMH Properties by 4.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 82,200 shares of the real estate investment trust's stock valued at $1,617,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UMH. StockNews.com raised UMH Properties from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Wedbush reaffirmed a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a research 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $21.17.

UMH Properties Price Performance

UMH Properties stock traded up $0.20 during mid-day trading on Monday, reaching $17.03. The company had a trading volume of 66,380 shares, compared to its average volume of 423,942. The company has a market cap of $1.41 billion, a P/E ratio of 131.01, a P/E/G ratio of 2.93 and a beta of 1.17. 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 current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $18.06 and a 200 day simple moving average of $18.57.

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

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This is an increase from UMH Properties's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 annualized dividend and a yield of 5.28%. UMH Properties's dividend payout ratio is presently 3,000.00%.

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.