Wells Fargo & Company MN Grows Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Wells Fargo & Company MN increased its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297,480 shares of the real estate investment trust’s stock after purchasing an additional 6,414 shares during the period. Wells Fargo & Company MN owned approximately 0.38% of UMH Properties worth $5,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in shares of UMH Properties by 1,011.1% in the 4th 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 period. Golden State Wealth Management LLC purchased a new position in UMH Properties during the fourth quarter valued at approximately $38,000. Ulland Investment Advisors LLC lifted 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 acquiring an additional 2,915 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in UMH Properties in the 4th quarter worth approximately $197,000. Finally, Custom Index Systems LLC acquired a new stake in shares of UMH Properties during the 4th quarter worth approximately $215,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UMH shares. Wedbush reiterated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com downgraded shares of UMH Properties from a “hold” rating to a “sell” rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, UMH Properties has a consensus rating of “Hold” and a consensus price target of $21.17.

UMH Properties Trading Up 2.2 %

Shares of UMH stock opened at $17.31 on Friday. UMH Properties, Inc. has a 1-year low of $14.73 and a 1-year high of $20.64. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 133.13, a PEG ratio of 2.93 and a beta of 1.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The stock has a 50 day simple moving average of $17.95 and a 200-day simple moving average of $18.50.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data 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. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The company had revenue of ($126.74) million during the quarter, compared to analysts’ expectations of $59.73 million. On average, equities research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The company also recently disclosed 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 represents a $0.90 annualized dividend and a yield of 5.20%. This is a boost from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. UMH Properties’s payout ratio is presently 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.