State of New Jersey Common Pension Fund D Increases Position in UMH Properties, Inc. (NYSE:UMH)

State of New Jersey Common Pension Fund D boosted its position in UMH Properties, Inc. (NYSE:UMHFree Report) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 561,006 shares of the real estate investment trust’s stock after purchasing an additional 8,490 shares during the period. State of New Jersey Common Pension Fund D’s holdings in UMH Properties were worth $7,865,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UMH. Federated Hermes Inc. lifted its position in UMH Properties by 54.9% in the third quarter. Federated Hermes Inc. now owns 2,414 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 856 shares during the period. Spire Wealth Management increased its holdings in shares of UMH Properties by 177.8% in the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,125 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in UMH Properties during the 1st quarter valued at $58,000. Quantbot Technologies LP raised its stake in UMH Properties by 1,600.0% during the 2nd quarter. Quantbot Technologies LP now owns 3,400 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 3,200 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in UMH Properties by 22.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,546 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 832 shares during the period. 71.65% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $14.80 on Monday. The company’s fifty day moving average is $15.16 and its two-hundred day moving average is $14.80. The company has a debt-to-equity ratio of 1.72, a current ratio of 6.17 and a quick ratio of 6.17. UMH Properties, Inc. has a 12-month low of $13.26 and a 12-month high of $18.50.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.54%. The ex-dividend date is Wednesday, February 14th. UMH Properties’s dividend payout ratio (DPR) is currently -341.67%.

About UMH Properties

(Free Report)

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, Maryland, Michigan, Alabama, South Carolina and Georgia.

Featured Articles

Want to see what other hedge funds are holding UMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMH Properties, Inc. (NYSE:UMHFree Report).

Institutional Ownership by Quarter for UMH Properties (NYSE:UMH)

Receive News & Ratings for UMH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties and related companies with MarketBeat.com's FREE daily email newsletter.