Versor Investments LP Makes New Investment in UMH Properties, Inc. (NYSE:UMH)

Versor Investments LP acquired a new stake in shares of UMH Properties, Inc. (NYSE:UMH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,200 shares of the real estate investment trust’s stock, valued at approximately $268,000.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in UMH Properties during the 3rd quarter valued at $675,000. Concurrent Investment Advisors LLC acquired a new position in shares of UMH Properties during the third quarter valued at about $614,000. Barclays PLC increased its position in shares of UMH Properties by 101.1% during the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after acquiring an additional 80,660 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of UMH Properties by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock worth $18,505,000 after acquiring an additional 56,662 shares during the last quarter. Finally, State Street Corp lifted its position in UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after acquiring an additional 863,089 shares in the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UMH has been the subject of a number of recent research reports. StockNews.com lowered UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, UMH Properties presently has a consensus rating of “Hold” and a consensus price target of $21.25.

UMH Properties Trading Down 0.7 %

Shares of UMH stock opened at $18.79 on Tuesday. 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 capitalization of $1.55 billion, a price-to-earnings ratio of 144.55, a PEG ratio of 2.93 and a beta of 1.28. UMH Properties, Inc. has a 52-week low of $14.73 and a 52-week high of $20.64. The company has a 50-day simple moving average of $18.25 and a two-hundred day simple moving average of $18.91.

UMH Properties (NYSE:UMH) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.21. The firm had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. Research analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be paid a $0.215 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a yield of 4.58%. UMH Properties’s dividend payout ratio (DPR) is presently 2,866.67%.

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.