Bailard Inc. Trims Stock Position in UMH Properties, Inc. (NYSE:UMH)

Bailard Inc. trimmed its holdings in UMH Properties, Inc. (NYSE:UMH) by 19.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,300 shares of the real estate investment trust’s stock after selling 3,600 shares during the period. Bailard Inc.’s holdings in UMH Properties were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UMH. State of Alaska Department of Revenue raised its position in shares of UMH Properties by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock worth $614,000 after buying an additional 663 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in UMH Properties by 36.8% during the third 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 last quarter. Centiva Capital LP raised its holdings in shares of UMH Properties by 4.0% in the 3rd 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 period. US Bancorp DE lifted its stake in shares of UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,791 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in shares of UMH Properties by 12.6% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. StockNews.com downgraded shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.25.

UMH Properties Stock Down 0.3 %

NYSE UMH opened at $18.59 on Thursday. 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 fifty-two week low of $14.73 and a fifty-two week high of $20.64. The business has a 50 day moving average price of $18.23 and a two-hundred day moving average price of $18.90. The stock has a market cap of $1.53 billion, a PE ratio of 142.99, a P/E/G ratio of 2.93 and a beta of 1.28.

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, 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 business had revenue of ($126.74) million during the quarter, compared to the consensus estimate of $59.73 million. As a group, sell-side analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The firm 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 4.63%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s payout ratio is 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.