Raymond James Financial Inc. purchased a new position in UMH Properties, Inc. (NYSE:UMH - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,239,182 shares of the real estate investment trust's stock, valued at approximately $23,396,000. Raymond James Financial Inc. owned 1.57% of UMH Properties at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of UMH Properties by 1,011.1% in the fourth 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 during the period. Golden State Wealth Management LLC purchased a new position in shares of UMH Properties during the 4th quarter valued at about $38,000. Ulland Investment Advisors LLC lifted its holdings in shares of UMH Properties by 291.5% in the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust's stock valued at $74,000 after buying an additional 2,915 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in shares of UMH Properties in the fourth quarter worth about $197,000. Finally, Custom Index Systems LLC acquired a new stake in UMH Properties during the fourth quarter worth about $215,000. Institutional investors and hedge funds own 75.40% of the company's stock.
UMH Properties Price Performance
UMH traded up $0.06 during trading on Thursday, reaching $17.53. The company's stock had a trading volume of 52,595 shares, compared to its average volume of 428,808. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 134.63, a PEG ratio of 2.93 and a beta of 1.17. The firm has a fifty day simple moving average of $17.90 and a two-hundred day simple moving average of $18.46. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64. 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 released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.21. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The company had revenue of ($126.74) million for the quarter, compared to analyst estimates of $59.73 million. As a group, analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.
UMH Properties Increases Dividend
The company 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 dividend of $0.225 per share. This is a boost from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.13%. The ex-dividend date is Thursday, May 15th. UMH Properties's dividend payout ratio (DPR) is presently 3,000.00%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on UMH shares. StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Tuesday. Wedbush reaffirmed a "neutral" rating and set a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $21.17.
Get Our Latest Stock Report on UMH Properties
About UMH Properties
(
Free Report)
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.
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