UMH Properties, Inc. (NYSE:UMH) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 1,011.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,600 shares of the real estate investment trust’s stock after acquiring an additional 1,456 shares during the period. Farther Finance Advisors LLC’s holdings in UMH Properties were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Centiva Capital LP raised its stake in shares of UMH Properties by 4.0% during the third quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock worth $618,000 after purchasing an additional 1,195 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of UMH Properties by 6.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 24,240 shares of the real estate investment trust’s stock valued at $458,000 after buying an additional 1,467 shares in the last quarter. Keybank National Association OH boosted its stake in shares of UMH Properties by 7.5% in the fourth quarter. Keybank National Association OH now owns 24,219 shares of the real estate investment trust’s stock valued at $457,000 after buying an additional 1,699 shares in the last quarter. Diversified Trust Co lifted its stake in shares of UMH Properties by 12.6% in the fourth quarter. Diversified Trust Co now owns 17,436 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 1,957 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of UMH Properties during the 4th quarter valued at approximately $38,000. 75.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on UMH shares. Wedbush reissued a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com downgraded UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, UMH Properties presently has an average rating of “Hold” and an average price target of $21.17.

UMH Properties Stock Performance

Shares of NYSE:UMH opened at $18.34 on Tuesday. UMH Properties, Inc. has a one year low of $14.73 and a one year high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The company has a market cap of $1.51 billion, a P/E ratio of 141.06, a PEG ratio of 2.93 and a beta of 1.29. The business’s 50-day simple moving average is $18.16 and its 200 day simple moving average is $18.79.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of ($126.74) million for the quarter, compared to analysts’ expectations of $59.73 million. On average, sell-side analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Tuesday, February 18th. UMH Properties’s payout ratio is 2,866.67%.

About UMH Properties

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.