Summit Global Investments Makes New $258,000 Investment in UMH Properties, Inc. (NYSE:UMH)

Summit Global Investments acquired a new stake in shares of UMH Properties, Inc. (NYSE:UMH) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 13,677 shares of the real estate investment trust’s stock, valued at approximately $258,000.

A number of other large investors have also recently made changes to their positions in UMH. Farther Finance Advisors LLC raised its stake in 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 acquiring an additional 1,456 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of UMH Properties in the fourth quarter worth $38,000. Loomis Sayles & Co. L P raised its position in shares of UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 2,346 shares during the period. Ulland Investment Advisors LLC lifted its stake in shares of UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 2,915 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of UMH Properties by 904.5% during the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 3,419 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Stock Performance

UMH opened at $18.34 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 141.09, a PEG ratio of 2.93 and a beta of 1.29. The company has a fifty day moving average of $18.17 and a 200 day moving average of $18.78. UMH Properties, Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $20.64.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share 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 firm had revenue of ($126.74) million during the quarter, compared to analyst estimates of $59.73 million. As a group, sell-side analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share 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 paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Tuesday, February 18th. UMH Properties’s payout ratio is 2,866.67%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush reissued a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. StockNews.com cut UMH Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, UMH Properties currently has a consensus rating of “Hold” and a consensus price target of $21.17.

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.