Dimensional Fund Advisors LP Raises Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Dimensional Fund Advisors LP increased its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,064,590 shares of the real estate investment trust's stock after buying an additional 52,278 shares during the quarter. Dimensional Fund Advisors LP owned 1.35% of UMH Properties worth $20,099,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of UMH Properties by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust's stock valued at $141,722,000 after buying an additional 799,798 shares during the period. Copeland Capital Management LLC increased its stake in shares of UMH Properties by 2.4% in the fourth 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 in the last quarter. William Blair Investment Management LLC raised its position in shares of UMH Properties by 2.5% in 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 purchasing an additional 48,480 shares during the period. Geode Capital Management LLC lifted its stake in shares of UMH Properties by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust's stock valued at $34,719,000 after buying an additional 134,761 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in UMH Properties by 11.0% during the 4th quarter. Jennison Associates LLC now owns 1,462,585 shares of the real estate investment trust's stock valued at $27,614,000 after acquiring an additional 145,310 shares during the period. 75.40% of the stock is owned by institutional investors.

UMH Properties Price Performance

Shares of UMH traded up $0.11 during midday trading on Friday, reaching $17.32. The stock had a trading volume of 464,893 shares, compared to its average volume of 431,023. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 133.24, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 12-month low of $14.73 and a 12-month high of $20.64. The company's 50-day moving average is $17.75 and its 200 day moving average is $18.36.

UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, meeting analysts' consensus estimates of $0.23. The business had revenue of $61.23 million for the quarter, compared to analysts' expectations of $62.82 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. On average, equities analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.20%. UMH Properties's payout ratio is currently 750.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wedbush reiterated a "neutral" rating and set a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th. Maxim Group cut their price target on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $21.00.

Insider Buying and Selling at UMH Properties

In other UMH Properties news, Director William Edward Mitchell sold 70,852 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $17.20, for a total transaction of $1,218,654.40. Following the completion of the transaction, the director now owns 215,427 shares of the company's stock, valued at $3,705,344.40. This represents a 24.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.77% of the company's stock.

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.