LDR Capital Management LLC Has $2.48 Million Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

LDR Capital Management LLC reduced its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 21.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,466 shares of the real estate investment trust’s stock after selling 35,625 shares during the quarter. UMH Properties accounts for about 3.4% of LDR Capital Management LLC’s holdings, making the stock its 8th biggest holding. LDR Capital Management LLC’s holdings in UMH Properties were worth $2,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Copeland Capital Management LLC lifted its position in shares of UMH Properties by 2.4% during the 4th quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust’s stock worth $53,401,000 after buying an additional 67,353 shares during the last quarter. State Street Corp lifted its position in shares of UMH Properties by 44.5% during the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after buying an additional 863,089 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of UMH Properties by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock worth $33,520,000 after buying an additional 59,705 shares during the last quarter. Jennison Associates LLC increased its holdings in UMH Properties by 11.0% in the 4th quarter. Jennison Associates LLC now owns 1,462,585 shares of the real estate investment trust’s stock worth $27,614,000 after purchasing an additional 145,310 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in UMH Properties by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock worth $18,505,000 after purchasing an additional 56,662 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UMH. Wedbush reaffirmed a “neutral” rating and issued 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 report on Saturday, November 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Trading Up 0.1 %

NYSE UMH opened at $17.66 on Friday. The business has a 50 day simple moving average of $18.31 and a 200 day simple moving average of $18.94. UMH Properties, Inc. has a one year low of $14.09 and a one year high of $20.64. The stock has a market capitalization of $1.39 billion, a P/E ratio of 135.88, a P/E/G ratio of 2.93 and a beta of 1.28. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.87%. UMH Properties’s dividend payout ratio is currently 661.59%.

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.