Swiss National Bank Increases Holdings in UMH Properties, Inc. (NYSE:UMH)

Swiss National Bank grew its holdings in UMH Properties, Inc. (NYSE:UMH) by 12.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 146,800 shares of the real estate investment trust’s stock after buying an additional 16,200 shares during the quarter. Swiss National Bank owned approximately 0.19% of UMH Properties worth $2,772,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in UMH Properties in the third quarter worth about $675,000. Barclays PLC raised its position in shares of UMH Properties by 101.1% in the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after acquiring an additional 80,660 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of UMH Properties by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock valued at $18,505,000 after purchasing an additional 56,662 shares during the period. State Street Corp boosted its position in shares of UMH Properties by 44.5% during the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after purchasing an additional 863,089 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in UMH Properties by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock worth $33,520,000 after purchasing an additional 59,705 shares during the period. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Stock Up 0.0 %

Shares of NYSE:UMH opened at $18.49 on Friday. UMH Properties, Inc. has a 12-month low of $14.73 and a 12-month high of $20.64. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $18.19 and a two-hundred day simple moving average of $18.78. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 142.25, a PEG ratio of 2.93 and a beta of 1.29.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data 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 company had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. On average, research analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were given a $0.215 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.65%. UMH Properties’s dividend payout ratio (DPR) is presently 2,866.67%.

Analyst Upgrades and Downgrades

UMH has been the subject of several recent research reports. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research report on Thursday. Wedbush reiterated a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.