T. Rowe Price Investment Management Inc. Purchases 57,547 Shares of UMH Properties, Inc. (NYSE:UMH)

T. Rowe Price Investment Management Inc. boosted its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,251,335 shares of the real estate investment trust's stock after buying an additional 57,547 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 6.66% of UMH Properties worth $99,146,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 1,456 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of UMH Properties by 861.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,748 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of UMH Properties during the fourth quarter valued at approximately $38,000. Tower Research Capital LLC TRC lifted its position in UMH Properties by 374.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 2,027 shares in the last quarter. Finally, Ulland Investment Advisors LLC boosted its stake in UMH Properties by 291.5% during 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 purchasing an additional 2,915 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

UMH Properties Stock Performance

Shares of UMH Properties stock traded up $0.12 during trading hours on Wednesday, reaching $17.75. 58,618 shares of the stock traded hands, compared to its average volume of 429,953. The company has a 50 day moving average price of $17.89 and a 200 day moving average price of $18.43. UMH Properties, Inc. has a one year low of $14.73 and a one 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. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 136.55, a P/E/G ratio of 2.93 and a beta of 1.17.

UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.21. The business had revenue of ($126.74) million during the quarter, compared to analysts' expectations of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. On average, equities research analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Increases Dividend

The business also recently announced 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. The ex-dividend date is Thursday, May 15th. This is an increase from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.07%. UMH Properties's payout ratio is 3,000.00%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UMH. Wedbush reiterated a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, UMH Properties has a consensus rating of "Hold" and a consensus price target of $21.17.

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.