Principal Financial Group Inc. Has $707,000 Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Principal Financial Group Inc. boosted its stake in UMH Properties, Inc. (NYSE:UMH) by 9.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,454 shares of the real estate investment trust’s stock after buying an additional 3,140 shares during the period. Principal Financial Group Inc.’s holdings in UMH Properties were worth $707,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in shares of UMH Properties during the fourth quarter worth approximately $38,000. Loomis Sayles & Co. L P boosted its stake in UMH Properties by 2,760.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 2,346 shares during the period. US Bancorp DE grew its holdings in UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,791 shares in the last quarter. Ulland Investment Advisors LLC increased its position in UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 2,915 shares during the period. Finally, Quarry LP lifted its holdings in shares of UMH Properties by 904.5% during the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 3,419 shares in the last quarter. 75.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com downgraded shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, UMH Properties has an average rating of “Hold” and a consensus price target of $21.25.

UMH Properties Stock Performance

NYSE:UMH opened at $18.32 on Friday. 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, Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $20.64. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 140.90, a PEG ratio of 2.93 and a beta of 1.28. The stock has a fifty day moving average price of $18.23 and a 200-day moving average price of $18.90.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.21. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The business had revenue of ($126.74) million during the quarter, compared to analysts’ expectations of $59.73 million. As a group, equities analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be given a dividend of $0.215 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 annualized dividend and a dividend yield of 4.70%. UMH Properties’s dividend payout ratio is 2,866.67%.

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.