First Trust Advisors LP Has $2.58 Million Stake in UMH Properties, Inc. (NYSE:UMH)

First Trust Advisors LP raised its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 87.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,365 shares of the real estate investment trust's stock after purchasing an additional 63,776 shares during the period. First Trust Advisors LP owned 0.17% of UMH Properties worth $2,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UMH. Farther Finance Advisors LLC boosted its position in shares of UMH Properties by 1,011.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,456 shares during the period. Sterling Capital Management LLC boosted its position in UMH Properties by 861.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 1,748 shares during the period. Golden State Wealth Management LLC bought a new position in shares of UMH Properties in the fourth quarter worth $38,000. Ulland Investment Advisors LLC increased its holdings 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 valued at $74,000 after purchasing an additional 2,915 shares during the period. Finally, Montag & Caldwell LLC acquired a new stake in UMH Properties in the fourth quarter worth about $130,000. Institutional investors own 75.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Maxim Group dropped their target price on UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Wedbush restated a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

UMH Properties Trading Up 0.6 %

Shares of UMH stock traded up $0.11 during trading hours on Friday, reaching $17.32. 464,893 shares of the stock traded hands, compared to its average volume of 431,305. The business has a fifty day moving average price of $17.75 and a 200 day moving average price of $18.35. The firm has a market capitalization of $1.46 billion, a PE ratio of 133.24, a PEG ratio of 2.93 and a beta of 1.14. 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 announced its quarterly earnings data 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 return on equity of 6.06% and a net margin of 11.81%. The business had revenue of $61.23 million during 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 year.

UMH Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 5.20%. UMH Properties's dividend payout ratio is currently 750.00%.

Insider Activity at UMH Properties

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

UMH Properties 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.