Asset Management One Co. Ltd. Buys 4,000 Shares of UMH Properties, Inc. (NYSE:UMH)

Asset Management One Co. Ltd. grew its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,168 shares of the real estate investment trust’s stock after buying an additional 4,000 shares during the quarter. Asset Management One Co. Ltd. owned 0.13% of UMH Properties worth $1,896,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Maryland Capital Advisors Inc. purchased a new stake in UMH Properties in the third quarter worth about $26,000. International Assets Investment Management LLC increased its position in shares of UMH Properties by 4,595.6% during the third quarter. International Assets Investment Management LLC now owns 24,511 shares of the real estate investment trust’s stock valued at $482,000 after acquiring an additional 23,989 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in UMH Properties in the 3rd quarter worth approximately $294,000. Mirae Asset Global Investments Co. Ltd. grew its position in UMH Properties by 36.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 698 shares during the period. Finally, State of Alaska Department of Revenue grew its position in UMH Properties by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock worth $614,000 after purchasing an additional 663 shares during the period. 75.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UMH has been the subject of a number of recent research reports. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Wedbush reissued a “neutral” rating and set a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Stock Performance

Shares of UMH stock opened at $17.49 on Thursday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 134.55, a PEG ratio of 2.99 and a beta of 1.28. The company’s 50 day moving average is $18.38 and its 200 day moving average is $18.95. 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, Inc. has a 52-week low of $14.09 and a 52-week high of $20.64.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.92%. UMH Properties’s dividend payout ratio (DPR) is 661.59%.

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.