BROOKFIELD Corp ON Grows Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

BROOKFIELD Corp ON grew its position in UMH Properties, Inc. (NYSE:UMH - Free Report) by 202.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 666,534 shares of the real estate investment trust's stock after buying an additional 446,371 shares during the period. BROOKFIELD Corp ON owned 0.84% of UMH Properties worth $12,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in shares of UMH Properties by 2.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust's stock worth $883,000 after buying an additional 918 shares during the last quarter. Corebridge Financial Inc. raised its stake in UMH Properties by 3.7% in the 4th quarter. Corebridge Financial Inc. now owns 35,946 shares of the real estate investment trust's stock worth $679,000 after acquiring an additional 1,286 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of UMH Properties by 22.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,564 shares of the real estate investment trust's stock valued at $143,000 after purchasing an additional 1,365 shares during the period. Farther Finance Advisors LLC raised 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 purchasing an additional 1,456 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of UMH Properties by 6.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 24,240 shares of the real estate investment trust's stock worth $458,000 after purchasing an additional 1,467 shares during the period. Hedge funds and other institutional investors own 75.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UMH. Wedbush reaffirmed a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. Maxim Group cut their price target on UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, StockNews.com raised UMH Properties from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $21.00.

Insider Activity at UMH Properties

In related news, Director William Edward Mitchell sold 70,852 shares of UMH Properties stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $17.20, for a total value of $1,218,654.40. Following the sale, the director now directly owns 215,427 shares in the company, valued at approximately $3,705,344.40. The trade was a 24.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.77% of the stock is owned by corporate insiders.

UMH Properties Stock Performance

NYSE UMH traded up $0.11 during mid-day trading on Friday, reaching $17.32. 464,893 shares of the stock were exchanged, compared to its average volume of 431,305. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The business's 50 day moving average is $17.75 and its 200-day moving average is $18.35. The company has a market capitalization of $1.46 billion, a P/E ratio of 133.24, a P/E/G ratio of 2.93 and a beta of 1.14.

UMH Properties (NYSE:UMH - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The business had revenue of $61.23 million for the quarter, compared to analyst estimates of $62.82 million. On average, equities research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a $0.225 dividend. This is a positive change from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, May 15th. UMH Properties's dividend payout ratio (DPR) is presently 750.00%.

About UMH Properties

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.