Forsta AP Fonden reduced its holdings in UMH Properties, Inc (NYSE:UMH) by 28.6% in the 4th quarter, HoldingsChannel reports. The fund owned 21,200 shares of the real estate investment trust’s stock after selling 8,500 shares during the quarter. Forsta AP Fonden’s holdings in UMH Properties were worth $316,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the business. Teacher Retirement System of Texas bought a new stake in shares of UMH Properties in the fourth quarter worth about $158,000. Cadence Capital Management LLC increased its holdings in shares of UMH Properties by 26.2% in the fourth quarter. Cadence Capital Management LLC now owns 120,275 shares of the real estate investment trust’s stock worth $1,792,000 after acquiring an additional 24,960 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of UMH Properties in the fourth quarter worth about $1,097,000. Koshinski Asset Management Inc. bought a new stake in shares of UMH Properties in the fourth quarter worth about $549,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of UMH Properties in the fourth quarter worth about $257,000. Institutional investors own 54.82% of the company’s stock.
UMH Properties, Inc (UMH) opened at $12.16 on Monday. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $424.71, a PE ratio of -55.27, a PEG ratio of 1.45 and a beta of 0.50. UMH Properties, Inc has a 52-week low of $11.93 and a 52-week high of $17.90.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 5.92%. UMH Properties’s dividend payout ratio is currently -327.26%.
Several equities research analysts have issued reports on UMH shares. Zacks Investment Research downgraded UMH Properties from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. B. Riley restated a “buy” rating and issued a $17.50 price target on shares of UMH Properties in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. UMH Properties presently has a consensus rating of “Buy” and an average target price of $18.25.
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UMH Properties Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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