UMH Properties, Inc. $UMH Stock: D.A. Davidson & CO. Boosts Stake

Key Points

• D.A. Davidson increased its UMH Properties stake by 28.5% in the third quarter, buying 554,750 additional shares for a total holding of 2.50 million shares valued at approximately $38.5 million.
• Institutional ownership remains substantial, with hedge funds and other institutions holding 75.4% of UMH shares; BlackRock and Bank of America were among investors that initiated positions.
• UMH declared a quarterly dividend of $0.225 per share, equivalent to a 6.0% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $17.25, compared with the stock’s $15.00 opening price.

D.A. Davidson & CO. lifted its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 28.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,497,888 shares of the real estate investment trust's stock after buying an additional 554,750 shares during the period. D.A. Davidson & CO.'s holdings in UMH Properties were worth $38,467,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UMH. BlackRock Inc. bought a new position in shares of UMH Properties in the 2nd quarter valued at about $127,139,000. Private Management Group Inc. grew its position in UMH Properties by 1.7% in the second quarter. Private Management Group Inc. now owns 1,970,696 shares of the real estate investment trust's stock worth $29,836,000 after acquiring an additional 33,589 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in UMH Properties by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,175,769 shares of the real estate investment trust's stock worth $16,966,000 after acquiring an additional 42,964 shares during the last quarter. Bank of America Corp DE bought a new stake in UMH Properties during the second quarter worth approximately $15,655,000. Finally, Pacific Heights Asset Management LLC bought a new stake in UMH Properties during the second quarter worth approximately $10,598,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

UMH Properties Trading Down 2.2%

UMH stock opened at $15.00 on Thursday. UMH Properties, Inc. has a twelve month low of $13.93 and a twelve month high of $16.77. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 124.97 and a beta of 0.98. The company has a quick ratio of 6.90, a current ratio of 6.90 and a debt-to-equity ratio of 1.28. The firm's fifty day simple moving average is $15.67 and its two-hundred day simple moving average is $15.48.

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

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be given a $0.2250 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Monday, November 16th. UMH Properties's dividend payout ratio is 750.00%.

Analysts Set New Price Targets

A number of brokerages have issued reports on UMH. Odeon Capital Group set a $17.50 price objective on UMH Properties in a research report on Thursday, July 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of UMH Properties in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.25.

UMH Properties Company Profile

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