Legal & General Group Plc Acquires Shares of 335,512 UMH Properties, Inc. $UMH

Legal & General Group Plc bought a new position in shares of UMH Properties, Inc. (NYSE:UMH) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 335,512 shares of the real estate investment trust’s stock, valued at approximately $5,080,000.

A number of other large investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company acquired a new position in shares of UMH Properties during the 2nd quarter worth $975,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in UMH Properties in the second quarter valued at about $880,000. Capital Square LLC acquired a new position in UMH Properties during the second quarter worth about $274,000. Globeflex Capital L P acquired a new position in UMH Properties during the second quarter worth about $533,000. Finally, Quantbot Technologies LP bought a new position in shares of UMH Properties in the second quarter worth about $808,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Down 0.6%

Shares of NYSE UMH opened at $15.96 on Friday. The company has a 50 day simple moving average of $15.79 and a 200 day simple moving average of $15.41. The firm has a market cap of $1.36 billion, a PE ratio of 133.00 and a beta of 0.97. UMH Properties, Inc. has a 1 year low of $13.93 and a 1 year high of $16.77. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.90 and a quick ratio of 6.90.

UMH Properties (NYSE:UMH) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. UMH Properties had a net margin of 11.55% and a return on equity of 5.40%. The firm had revenue of $71.64 million for the quarter, compared to analyst estimates of $60.76 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. On average, research analysts forecast that UMH Properties, Inc. will post 0.99 EPS for the current year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 17th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Monday, August 17th. UMH Properties’s payout ratio is 750.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research report on Friday, July 31st. Finally, Odeon Capital Group set a $17.50 target price on shares of UMH Properties in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.25.

UMH Properties Company Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.