UMH Properties, Inc. (NYSE:UMH) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC grew its position in UMH Properties, Inc. (NYSE:UMH) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,070 shares of the real estate investment trust’s stock after buying an additional 2,357 shares during the period. EntryPoint Capital LLC’s holdings in UMH Properties were worth $360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in UMH Properties during the fourth quarter worth $23,396,000. State Street Corp raised its holdings in UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after buying an additional 863,089 shares during the period. Vanguard Group Inc. lifted its position in UMH Properties by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock valued at $141,722,000 after buying an additional 799,798 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in UMH Properties by 476.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,874 shares of the real estate investment trust’s stock worth $6,607,000 after buying an additional 277,590 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in shares of UMH Properties during the third quarter valued at about $4,421,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

Analyst Ratings Changes

UMH has been the subject of several research reports. Wedbush reiterated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. StockNews.com downgraded UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.17.

UMH Properties Stock Up 1.1 %

Shares of NYSE UMH opened at $18.49 on Thursday. The stock has a market cap of $1.53 billion, a P/E ratio of 142.27, a PEG ratio of 2.93 and a beta of 1.29. The business’s fifty day simple moving average is $18.18 and its 200-day simple moving average is $18.78. UMH Properties, Inc. has a 12-month low of $14.73 and a 12-month high of $20.64. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $59.73 million. As a group, equities analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Tuesday, February 18th. UMH Properties’s dividend payout ratio is presently 2,866.67%.

UMH Properties 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.