UMH Properties, Inc. (NYSE:UMH) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 389,742 shares of the real estate investment trust’s stock after purchasing an additional 6,126 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in UMH Properties were worth $7,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Maryland Capital Advisors Inc. acquired a new position in UMH Properties during the 3rd quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new position in UMH Properties during the 4th quarter worth $38,000. Loomis Sayles & Co. L P boosted its position in UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 2,346 shares during the period. US Bancorp DE boosted its position in UMH Properties by 261.1% during the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,791 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 698 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on UMH shares. Wedbush reissued a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Stock Down 2.8 %

Shares of UMH Properties stock opened at $17.52 on Wednesday. The stock’s fifty day moving average is $18.42 and its 200-day moving average is $18.96. The firm has a market capitalization of $1.38 billion, a PE ratio of 134.77, a price-to-earnings-growth ratio of 3.02 and a beta of 1.28. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties, Inc. has a 12-month low of $14.09 and a 12-month high of $20.64.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio (DPR) is presently 661.54%.

UMH Properties Company 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.