Highlander Capital Management LLC increased its position in shares of UMH PROPERTIES/SH SH (NYSE:UMH) by 100.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,802 shares of the real estate investment trust’s stock after buying an additional 27,500 shares during the quarter. Highlander Capital Management LLC’s holdings in UMH PROPERTIES/SH SH were worth $714,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in UMH. Victory Capital Management Inc. purchased a new position in UMH PROPERTIES/SH SH during the 4th quarter worth approximately $1,097,000. Teacher Retirement System of Texas purchased a new position in UMH PROPERTIES/SH SH during the 4th quarter worth approximately $158,000. Wells Fargo & Company MN grew its stake in UMH PROPERTIES/SH SH by 1.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,082,606 shares of the real estate investment trust’s stock worth $16,130,000 after buying an additional 11,844 shares during the last quarter. D.A. Davidson & CO. grew its stake in UMH PROPERTIES/SH SH by 11.1% during the 4th quarter. D.A. Davidson & CO. now owns 309,644 shares of the real estate investment trust’s stock worth $4,614,000 after buying an additional 30,906 shares during the last quarter. Finally, BlackRock Inc. grew its stake in UMH PROPERTIES/SH SH by 4.0% during the 4th quarter. BlackRock Inc. now owns 2,443,772 shares of the real estate investment trust’s stock worth $36,413,000 after buying an additional 94,141 shares during the last quarter. Hedge funds and other institutional investors own 53.68% of the company’s stock.
UMH has been the topic of a number of research reports. B. Riley restated a “buy” rating on shares of UMH PROPERTIES/SH SH in a research note on Monday, March 12th. DA Davidson set a $16.00 price target on UMH PROPERTIES/SH SH and gave the stock a “buy” rating in a research note on Monday, March 12th. Finally, Zacks Investment Research upgraded UMH PROPERTIES/SH SH from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 28th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. UMH PROPERTIES/SH SH currently has an average rating of “Buy” and an average target price of $17.13.
Shares of UMH PROPERTIES/SH SH traded up $0.06, hitting $14.75, during midday trading on Thursday, Marketbeat Ratings reports. The company had a trading volume of 315 shares, compared to its average volume of 201,300. UMH PROPERTIES/SH SH has a 52-week low of $11.38 and a 52-week high of $17.50. The company has a market capitalization of $535.60 million, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.87 and a beta of 0.50. The company has a current ratio of 6.56, a quick ratio of 6.56 and a debt-to-equity ratio of 2.24.
UMH PROPERTIES/SH SH (NYSE:UMH) last announced its earnings results on Wednesday, May 9th. The real estate investment trust reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. UMH PROPERTIES/SH SH had a negative return on equity of 14.44% and a negative net margin of 21.46%. The company had revenue of $29.80 million for the quarter, compared to the consensus estimate of $29.46 million. equities analysts predict that UMH PROPERTIES/SH SH will post 0.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, May 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 4.88%. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is currently 101.41%.
UMH PROPERTIES/SH SH 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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