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

Dimensional Fund Advisors LP lifted its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 about 1.35% of UMH Properties worth $20,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of UMH. Barclays PLC grew its position in shares of UMH Properties by 101.1% during the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust's stock worth $3,155,000 after buying an additional 80,660 shares during the period. Tidal Investments LLC bought a new stake in UMH Properties in the 3rd quarter valued at about $495,000. Franklin Resources Inc. bought a new stake in UMH Properties in the 3rd quarter valued at about $4,421,000. JPMorgan Chase & Co. increased its position in UMH Properties by 20.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 410,856 shares of the real estate investment trust's stock valued at $8,082,000 after buying an additional 68,580 shares in the last quarter. Finally, Diversified Trust Co increased its position in UMH Properties by 12.6% in the 4th quarter. Diversified Trust Co now owns 17,436 shares of the real estate investment trust's stock valued at $329,000 after buying an additional 1,957 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

UMH Properties Stock Performance

UMH Properties stock traded down $0.17 during trading on Tuesday, hitting $17.03. The stock had a trading volume of 107,598 shares, compared to its average volume of 430,135. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64. The stock's 50 day moving average is $17.72 and its two-hundred day moving average is $18.33. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 131.01, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. 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 posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $61.23 million for the quarter, compared to the consensus estimate of $62.82 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. As a group, analysts predict 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. Investors of record on Thursday, May 15th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.28%. 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. UMH Properties's dividend payout ratio (DPR) is 750.00%.

Insider Transactions at UMH Properties

In other news, Director William Edward Mitchell sold 70,852 shares of UMH Properties stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the transaction, the director now owns 215,427 shares in the company, valued at approximately $3,705,344.40. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UMH. Wedbush reissued a "neutral" rating and set a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. StockNews.com lowered shares of UMH Properties from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, Maxim Group reduced their price objective on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, UMH Properties has a consensus rating of "Hold" and an average price target of $21.00.

UMH Properties 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.