ClearAlpha Technologies LP Makes New Investment in UMH Properties, Inc. (NYSE:UMH)

ClearAlpha Technologies LP bought a new position in UMH Properties, Inc. (NYSE:UMH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,793 shares of the real estate investment trust's stock, valued at approximately $374,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of UMH Properties by 11.9% during the 4th quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust's stock worth $141,722,000 after acquiring an additional 799,798 shares in the last quarter. Capital Research Global Investors grew its position in UMH Properties by 124.5% in the 4th quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust's stock worth $76,121,000 after purchasing an additional 2,236,080 shares during the last quarter. Copeland Capital Management LLC increased its holdings in shares of UMH Properties by 2.4% during the 4th quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust's stock worth $53,401,000 after purchasing an additional 67,353 shares during the period. William Blair Investment Management LLC raised its position in shares of UMH Properties by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust's stock valued at $37,617,000 after buying an additional 48,480 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in UMH Properties by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust's stock worth $34,719,000 after buying an additional 134,761 shares in the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UMH has been the subject of several research reports. Wedbush reaffirmed a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Tuesday. Three research 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 Trading Up 0.2 %

NYSE:UMH traded up $0.04 during mid-day trading on Friday, hitting $17.46. The company had a trading volume of 234,117 shares, compared to its average volume of 430,626. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. UMH Properties, Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $20.64. The firm has a market cap of $1.44 billion, a P/E ratio of 134.32, a P/E/G ratio of 2.93 and a beta of 1.17. The business's fifty day moving average is $17.89 and its two-hundred day moving average is $18.45.

UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate 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. As a group, research analysts expect 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. Stockholders of record on Thursday, May 15th will be issued a $0.225 dividend. The ex-dividend date is Thursday, May 15th. This is an increase from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.15%. UMH Properties's dividend payout ratio (DPR) is 3,000.00%.

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.