Picton Mahoney Asset Management Boosts Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Picton Mahoney Asset Management grew its position in shares of UMH Properties, Inc. (NYSE:UMH) by 48.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,129 shares of the real estate investment trust’s stock after acquiring an additional 9,124 shares during the quarter. Picton Mahoney Asset Management’s holdings in UMH Properties were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of UMH. First Eagle Investment Management LLC raised its stake in shares of UMH Properties by 90.3% during the 4th quarter. First Eagle Investment Management LLC now owns 375,919 shares of the real estate investment trust’s stock worth $7,097,000 after purchasing an additional 178,426 shares during the period. Vestcor Inc raised its stake in shares of UMH Properties by 19.5% during the 4th quarter. Vestcor Inc now owns 67,977 shares of the real estate investment trust’s stock worth $1,283,000 after purchasing an additional 11,104 shares during the period. Swiss National Bank raised its stake in shares of UMH Properties by 12.4% during the 4th quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust’s stock worth $2,772,000 after purchasing an additional 16,200 shares during the period. Farther Finance Advisors LLC raised its stake in shares of UMH Properties by 1,011.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,456 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of UMH Properties by 6.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 24,240 shares of the real estate investment trust’s stock worth $458,000 after purchasing an additional 1,467 shares during the period. 75.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UMH has been the topic of a number of recent analyst reports. Wedbush reiterated 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 cut UMH Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.25.

UMH Properties Trading Up 1.8 %

Shares of UMH Properties stock opened at $18.03 on Monday. UMH Properties, Inc. has a 52-week low of $14.73 and a 52-week high of $20.64. The stock’s 50-day simple moving average is $18.13 and its 200 day simple moving average is $18.84. The stock has a market capitalization of $1.49 billion, a P/E ratio of 138.68, a P/E/G ratio of 2.93 and a beta of 1.29. 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 (NYSE:UMH) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.21. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The firm had revenue of ($126.74) million for the quarter, compared to analysts’ expectations of $59.73 million. As a group, research analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio is presently 2,866.67%.

About UMH Properties

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.