Rhumbline Advisers Purchases 5,609 Shares of UMH PROPERTIES/SH SH (NYSE:UMH)
Rhumbline Advisers boosted its stake in shares of UMH PROPERTIES/SH SH (NYSE:UMH) by 18.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,225 shares of the real estate investment trust’s stock after buying an additional 5,609 shares during the period. Rhumbline Advisers owned about 0.10% of UMH PROPERTIES/SH SH worth $541,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of UMH. Swiss National Bank boosted its position in UMH PROPERTIES/SH SH by 7.2% during the first quarter. Swiss National Bank now owns 53,400 shares of the real estate investment trust’s stock worth $716,000 after purchasing an additional 3,600 shares during the period. Nisa Investment Advisors LLC bought a new stake in UMH PROPERTIES/SH SH during the second quarter worth approximately $139,000. Dynamic Technology Lab Private Ltd bought a new stake in UMH PROPERTIES/SH SH during the first quarter worth approximately $160,000. Crestwood Advisors Group LLC bought a new stake in UMH PROPERTIES/SH SH during the first quarter worth approximately $186,000. Finally, Royal Bank of Canada boosted its position in UMH PROPERTIES/SH SH by 5.0% during the first quarter. Royal Bank of Canada now owns 303,566 shares of the real estate investment trust’s stock worth $4,070,000 after purchasing an additional 14,376 shares during the period. Hedge funds and other institutional investors own 58.03% of the company’s stock.
UMH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded UMH PROPERTIES/SH SH from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Boenning Scattergood began coverage on UMH PROPERTIES/SH SH in a research note on Monday, September 17th. They issued an “outperform” rating and a $19.50 target price for the company.
NYSE:UMH traded down $0.51 during trading hours on Friday, reaching $14.42. The company had a trading volume of 258,932 shares, compared to its average volume of 185,126. UMH PROPERTIES/SH SH has a one year low of $11.38 and a one year high of $16.69. The stock has a market capitalization of $579.53 million, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.09 and a beta of 0.37. The company has a debt-to-equity ratio of 2.22, a current ratio of 5.21 and a quick ratio of 5.21.
UMH PROPERTIES/SH SH (NYSE:UMH) last announced its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.21. The firm had revenue of $32.10 million for the quarter, compared to analysts’ expectations of $32.03 million. UMH PROPERTIES/SH SH had a negative return on equity of 5.62% and a negative net margin of 8.17%. Research analysts expect that UMH PROPERTIES/SH SH will post 0.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.99%. The ex-dividend date is Wednesday, November 14th. UMH PROPERTIES/SH SH’s payout ratio is presently 101.41%.
UMH PROPERTIES/SH SH Company Profile
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 114 manufactured home communities containing approximately 20,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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