1 week Ago By Defense World Staff
Invesco Ltd. raised its holdings in shares of UMH Properties, Inc. ( NYSE:UMH – Free Report ) by 24.
1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,981 shares of the real estate investment trust’s stock after buying an additional 54,247 shares during the period. Invesco Ltd.
owned about 0.35% of UMH Properties worth $5,267,000 at the end of the most recent reporting period. A number of other hedge funds have also recently modified their holdings of UMH.
Employees Retirement System of Texas purchased a new position in shares of UMH Properties during the fourth quarter valued at $2,568,000. Resona Asset Management Co. Ltd.
purchased a new position in UMH Properties during the 4th quarter valued at about $546,000. Wells Fargo & Company MN raised its holdings in shares of UMH Properties by 2.2% in the 4th quarter.
Wells Fargo & Company MN now owns 297,480 shares of the real estate investment trust’s stock valued at $5,616,000 after purchasing an additional 6,414 shares in the last quarter. Yoffe Investment Management LLC purchased a new stake in shares of UMH Properties in the 4th quarter worth approximately $438,000. Finally, Geode Capital Management LLC boosted its stake in shares of UMH Properties by 7.
9% during the fourth quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust’s stock valued at $34,719,000 after purchasing an additional 134,761 shares in the last quarter. Institutional investors own 75.
40% of the company’s stock. Analyst Upgrades and Downgrades A number of analysts have weighed in on UMH shares. Wedbush restated a “neutral” rating and set a $20.
00 target price on shares of UMH Properties in a report on Monday, January 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, April 22nd.
Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.
17. UMH Properties Stock Up 0.2 % UMH stock opened at $17.
46 on Friday. UMH Properties, Inc. has a one year low of $14.
73 and a one year high of $20.64. 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 firm’s fifty day moving average is $17.89 and its 200 day moving average is $18.44.
The firm has a market cap of $1.44 billion, a PE ratio of 134.32, a P/E/G ratio of 2.
93 and a beta of 1.17. UMH Properties ( NYSE:UMH – Get Free Report ) last released its quarterly 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. UMH Properties had a return on equity of 6.06% and a net margin of 11.
81%. The company had revenue of ($126.74) million during the quarter, compared to analysts’ expectations of $59.
73 million. On average, research analysts forecast that UMH Properties, Inc. will post 0.
93 EPS for the current year. UMH Properties Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.
225 per share. The ex-dividend date is Thursday, May 15th. This is a boost from UMH Properties’s previous quarterly dividend of $0.
22. This represents a $0.90 dividend on an annualized basis and a yield of 5.
15%. UMH Properties’s dividend payout ratio is currently 3,000.00%.
UMH Properties Company Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than UMH Properties Stock Dividend Cuts Happen Are You Ready? Markets Think Robinhood Earnings Could Send the Stock Up How to Buy Gold Stock and Invest in Gold Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? How to Invest in Blue Chip Stocks AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Want to see what other hedge funds are holding UMH? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for UMH Properties, Inc. ( NYSE:UMH – Free Report ). Receive News & Ratings for UMH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties and related companies with MarketBeat.
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