Geode Capital Management LLC Grows Position in UMH Properties, Inc. (NYSE:UMH)

Geode Capital Management LLC raised its position in UMH Properties, Inc. (NYSE:UMH) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,838,555 shares of the real estate investment trust’s stock after purchasing an additional 134,761 shares during the quarter. Geode Capital Management LLC owned 2.33% of UMH Properties worth $34,719,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UMH. Farther Finance Advisors LLC increased its holdings in UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,456 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of UMH Properties during the 4th quarter worth $38,000. Ulland Investment Advisors LLC increased its holdings in UMH Properties by 291.5% in the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 2,915 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in UMH Properties during the fourth quarter worth $197,000. Finally, Custom Index Systems LLC purchased a new stake in shares of UMH Properties in the 4th quarter worth about $215,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

Analyst Upgrades and Downgrades

UMH has been the topic of a number of analyst reports. StockNews.com cut UMH Properties from a “hold” rating to a “sell” rating in a report on Monday. Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.17.

UMH Properties Stock Performance

Shares of UMH stock opened at $16.99 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. UMH Properties, Inc. has a 12 month low of $14.73 and a 12 month high of $20.64. The company’s fifty day moving average price is $17.99 and its two-hundred day moving average price is $18.53. The firm has a market capitalization of $1.40 billion, a P/E ratio of 130.70, a P/E/G ratio of 2.93 and a beta of 1.17.

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

UMH Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a $0.225 dividend. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.30%. UMH Properties’s dividend payout ratio (DPR) is 3,000.00%.

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.