1 week Ago By ABMN Staff
Invesco Ltd. increased its holdings in shares of UMH Properties, Inc. ( NYSE:UMH – Free Report ) by 24.
1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 278,981 shares of the real estate investment trust’s stock after acquiring an additional 54,247 shares during the quarter. Invesco Ltd.
’s holdings in UMH Properties were worth $5,267,000 at the end of the most recent reporting period. Several other large investors also recently bought and sold shares of the business. Corebridge Financial Inc.
grew its holdings in shares of UMH Properties by 3.7% in the fourth quarter. Corebridge Financial Inc.
now owns 35,946 shares of the real estate investment trust’s stock valued at $679,000 after purchasing an additional 1,286 shares during the period. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 1,456 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of UMH Properties by 6.
4% in the 4th quarter. Daiwa Securities Group Inc. now owns 24,240 shares of the real estate investment trust’s stock valued at $458,000 after buying an additional 1,467 shares during the period.
Pictet Asset Management Holding SA increased its holdings in shares of UMH Properties by 7.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 22,005 shares of the real estate investment trust’s stock worth $415,000 after buying an additional 1,590 shares during the last quarter.
Finally, Keybank National Association OH raised its position in shares of UMH Properties by 7.5% during the 4th quarter. Keybank National Association OH now owns 24,219 shares of the real estate investment trust’s stock valued at $457,000 after buying an additional 1,699 shares during the period.
Hedge funds and other institutional investors own 75.40% of the company’s stock. UMH Properties Stock Up 0.
2 % UMH Properties stock opened at $17.46 on Friday. The company has a market capitalization of $1.
44 billion, a PE ratio of 134.32, a price-to-earnings-growth ratio of 2.93 and a beta of 1.
17. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.
48 and a current ratio of 8.48. UMH Properties, Inc.
has a fifty-two week low of $14.73 and a fifty-two week high of $20.64.
The firm has a 50 day moving average price of $17.89 and a 200 day moving average price of $18.44.
UMH Properties Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.225 per share.
This represents a $0.90 annualized dividend and a dividend yield of 5.15%.
The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from UMH Properties’s previous quarterly dividend of $0.22.
UMH Properties’s dividend payout ratio is currently 3,000.00%. Wall Street Analyst Weigh In UMH has been the subject of several analyst reports.
Wedbush reissued a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a research note 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 issued a buy rating to the stock. According to data from MarketBeat, UMH Properties presently has a consensus rating of “Hold” and an average target price of $21.
17. Read Our Latest Stock Report on UMH Properties 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 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 ).
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