UMH Properties, Inc. (NYSE:UMH) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 1,011.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the real estate investment trust’s stock after buying an additional 1,456 shares during the quarter. Farther Finance Advisors LLC’s holdings in UMH Properties were worth $30,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Centiva Capital LP raised its position in UMH Properties by 4.0% during the third quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock worth $618,000 after acquiring an additional 1,195 shares during the period. Daiwa Securities Group Inc. boosted its stake in 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 buying an additional 1,467 shares during the last quarter. Keybank National Association OH grew its holdings in UMH Properties by 7.5% in the 4th quarter. Keybank National Association OH now owns 24,219 shares of the real estate investment trust’s stock valued at $457,000 after buying an additional 1,699 shares in the last quarter. Diversified Trust Co grew its holdings in UMH Properties by 12.6% in the 4th quarter. Diversified Trust Co now owns 17,436 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 1,957 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of UMH Properties in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UMH. Wedbush reissued a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. StockNews.com lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, UMH Properties has a consensus rating of “Hold” and an average target price of $21.17.

UMH Properties Stock Performance

Shares of UMH Properties stock opened at $18.34 on Tuesday. The business has a 50-day simple moving average of $18.16 and a 200-day simple moving average of $18.79. The company has a market cap of $1.51 billion, a PE ratio of 141.06, a P/E/G ratio of 2.93 and a beta of 1.29. UMH Properties, Inc. has a one year low of $14.73 and a one 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.

UMH Properties (NYSE:UMH) last posted its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.03 by $0.21. The firm had revenue of ($126.74) million for the quarter, compared to analyst estimates of $59.73 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. On average, equities research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Tuesday, February 18th. UMH Properties’s payout ratio is 2,866.67%.

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.