Legal & General Group Plc Invests $5.08 Million in UMH Properties, Inc. $UMH

Key Points

• Legal & General Group Plc acquired 335,512 UMH Properties shares worth approximately $5.08 million, giving it a 0.39% stake. Institutional investors collectively own 75.4% of the REIT.
• UMH reported quarterly EPS of $0.05, exceeding the $0.03 analyst consensus, while revenue reached $71.64 million versus the $60.76 million estimate. Shares opened at $15.96, near the middle of their 52-week range.
• UMH declared a quarterly dividend of $0.225 per share, or $0.90 annualized, representing a 5.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $17.25.

Legal & General Group Plc bought a new stake in UMH Properties, Inc. (NYSE:UMH - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 335,512 shares of the real estate investment trust's stock, valued at approximately $5,080,000. Legal & General Group Plc owned approximately 0.39% of UMH Properties at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of UMH Properties during the 2nd quarter worth about $127,139,000. Vanguard Group Inc. lifted its position in UMH Properties by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 8,128,983 shares of the real estate investment trust's stock worth $129,332,000 after acquiring an additional 144,368 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of UMH Properties by 5.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,386,288 shares of the real estate investment trust's stock worth $69,786,000 after acquiring an additional 237,609 shares during the period. Geode Capital Management LLC grew its position in shares of UMH Properties by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,072,652 shares of the real estate investment trust's stock valued at $32,982,000 after purchasing an additional 16,978 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of UMH Properties by 110.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,865,018 shares of the real estate investment trust's stock worth $29,672,000 after purchasing an additional 980,043 shares during the period. Institutional investors and hedge funds own 75.40% of the company's stock.

UMH Properties Trading Down 0.6%

Shares of UMH stock opened at $15.96 on Friday. The stock has a market cap of $1.36 billion, a P/E ratio of 133.00 and a beta of 0.97. UMH Properties, Inc. has a 1 year low of $13.93 and a 1 year high of $16.77. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28. The stock has a 50 day simple moving average of $15.79 and a 200 day simple moving average of $15.41.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The firm had revenue of $71.64 million for the quarter, compared to analyst estimates of $60.76 million. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. On average, research analysts predict that UMH Properties, Inc. will post 0.99 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.90 annualized dividend and a yield of 5.6%. UMH Properties's dividend payout ratio is currently 750.00%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UMH. Wall Street Zen upgraded UMH Properties from a "sell" rating to a "hold" rating in a research note on Sunday, May 10th. Odeon Capital Group set a $17.50 target price on shares of UMH Properties in a research report on Thursday, July 9th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of UMH Properties in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.25.

UMH Properties Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company's business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.

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