Deutsche Bank AG raised its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 31.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 463,026 shares of the real estate investment trust’s stock after purchasing an additional 111,235 shares during the period. Deutsche Bank AG’s holdings in UMH Properties were worth $6,897,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC increased its stake in shares of UMH Properties by 32.4% during the fourth quarter. Renaissance Technologies LLC now owns 395,500 shares of the real estate investment trust’s stock valued at $5,893,000 after purchasing an additional 96,700 shares in the last quarter. Boulegeris Investments Inc. increased its stake in shares of UMH Properties by 1.0% during the fourth quarter. Boulegeris Investments Inc. now owns 1,801,335 shares of the real estate investment trust’s stock valued at $26,840,000 after purchasing an additional 17,557 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of UMH Properties during the fourth quarter valued at approximately $157,000. BlackRock Inc. increased its stake in shares of UMH Properties by 4.0% during the fourth quarter. BlackRock Inc. now owns 2,443,772 shares of the real estate investment trust’s stock valued at $36,413,000 after purchasing an additional 94,141 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of UMH Properties by 11.1% during the fourth quarter. D.A. Davidson & CO. now owns 309,644 shares of the real estate investment trust’s stock valued at $4,614,000 after purchasing an additional 30,906 shares in the last quarter. 55.59% of the stock is owned by institutional investors and hedge funds.
In other news, insider Umh Properties, Inc. purchased 10,891 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were purchased at an average price of $14.14 per share, for a total transaction of $153,998.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 11,059 shares of company stock worth $156,003. Corporate insiders own 11.61% of the company’s stock.
NYSE:UMH opened at $13.12 on Monday. UMH Properties, Inc. has a 52 week low of $11.38 and a 52 week high of $17.90. The company has a debt-to-equity ratio of 2.14, a quick ratio of 6.14 and a current ratio of 6.14. The company has a market cap of $458.24, a PE ratio of 18.48, a PEG ratio of 1.67 and a beta of 0.48.
UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Thursday, March 8th. The real estate investment trust reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. UMH Properties had a net margin of 0.68% and a return on equity of 0.45%. The firm had revenue of $28.70 million for the quarter, compared to analysts’ expectations of $28.59 million. The business’s revenue was up 14.3% on a year-over-year basis. equities analysts predict that UMH Properties, Inc. will post 0.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Monday, May 14th. UMH Properties’s payout ratio is 101.41%.
UMH has been the subject of a number of analyst reports. Zacks Investment Research raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. DA Davidson set a $16.00 price target on shares of UMH Properties and gave the company a “buy” rating in a report on Monday, March 12th. Finally, B. Riley reiterated a “buy” rating on shares of UMH Properties in a report on Monday, March 12th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $17.92.
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UMH Properties Profile
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 112 manufactured home communities containing approximately 20,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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