UMH Properties, Inc. (NYSE:UMH) Shares Acquired by Capital Research Global Investors

Capital Research Global Investors lifted its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 124.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,031,849 shares of the real estate investment trust's stock after buying an additional 2,236,080 shares during the period. Capital Research Global Investors owned 5.11% of UMH Properties worth $76,121,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of UMH Properties by 1,011.1% during 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 buying an additional 1,456 shares during the period. Sterling Capital Management LLC increased its position in UMH Properties by 861.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,748 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in UMH Properties during the fourth quarter worth approximately $38,000. Ulland Investment Advisors LLC increased its position in UMH Properties by 291.5% during the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 2,915 shares during the last quarter. Finally, Montag & Caldwell LLC acquired a new position in UMH Properties during the fourth quarter worth approximately $130,000. Hedge funds and other institutional investors own 75.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UMH. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Wedbush reaffirmed a "neutral" rating and set a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, UMH Properties presently has an average rating of "Hold" and an average target price of $21.17.

UMH Properties Trading Up 0.2 %

Shares of UMH Properties stock traded up $0.04 during trading hours on Friday, hitting $17.46. The company's stock had a trading volume of 234,117 shares, compared to its average volume of 431,648. UMH Properties, Inc. has a 1-year low of $14.73 and a 1-year high of $20.64. The business has a fifty day moving average of $17.89 and a 200 day moving average of $18.44. The company has a market capitalization of $1.44 billion, a PE ratio of 134.32, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.

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

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.15%. This is a positive change from UMH Properties's previous quarterly dividend of $0.22. 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.