Invesco Ltd. Raises Stock Position in UMH Properties, Inc. (NYSE:UMH)

Invesco Ltd. raised its holdings in UMH Properties, Inc. (NYSE:UMH - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,981 shares of the real estate investment trust's stock after purchasing an additional 54,247 shares during the period. Invesco Ltd. owned about 0.35% of UMH Properties worth $5,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UMH. Farther Finance Advisors LLC increased its holdings in UMH Properties by 1,011.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,456 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of UMH Properties in the fourth quarter valued at about $38,000. Ulland Investment Advisors LLC increased its stake in shares of UMH Properties by 291.5% during the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 2,915 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in shares of UMH Properties during the 4th quarter worth about $197,000. Finally, Custom Index Systems LLC purchased a new position in UMH Properties in the 4th quarter valued at about $215,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UMH has been the topic of several recent research reports. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Wedbush reissued a "neutral" rating and set a $20.00 price objective on shares of UMH Properties in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.17.

UMH Properties Trading Up 0.9 %

UMH traded up $0.16 on Thursday, hitting $17.83. The company had a trading volume of 44,746 shares, compared to its average volume of 429,815. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.47 billion, a P/E ratio of 136.90, a PEG ratio of 2.93 and a beta of 1.17. The company's fifty day moving average price is $17.89 and its 200 day moving average price is $18.42. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.21. The firm had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. As a group, equities analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This is an increase from UMH Properties's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 annualized dividend and a yield of 5.05%. UMH Properties's dividend payout ratio 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.