Diversified Trust Co Makes New $209,000 Investment in UMH Properties, Inc. (NYSE:UMH)

Diversified Trust Co acquired a new stake in UMH Properties, Inc. (NYSE:UMHFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,657 shares of the real estate investment trust’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James & Associates raised its position in UMH Properties by 9.4% in the 1st quarter. Raymond James & Associates now owns 58,369 shares of the real estate investment trust’s stock valued at $1,435,000 after purchasing an additional 5,025 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in UMH Properties by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 373,985 shares of the real estate investment trust’s stock valued at $9,197,000 after acquiring an additional 18,507 shares in the last quarter. Citigroup Inc. lifted its stake in UMH Properties by 7.7% in the first quarter. Citigroup Inc. now owns 12,773 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 911 shares during the last quarter. MetLife Investment Management LLC lifted its stake in UMH Properties by 55.2% in the first quarter. MetLife Investment Management LLC now owns 23,163 shares of the real estate investment trust’s stock worth $570,000 after acquiring an additional 8,238 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in UMH Properties by 1.3% during the 1st quarter. Rhumbline Advisers now owns 53,796 shares of the real estate investment trust’s stock worth $1,323,000 after acquiring an additional 702 shares in the last quarter. 71.65% of the stock is currently owned by hedge funds and other institutional investors.

UMH Properties Trading Down 1.5 %

UMH opened at $16.02 on Friday. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66. UMH Properties, Inc. has a 52 week low of $13.26 and a 52 week high of $16.85. The business’s 50 day moving average is $15.26 and its two-hundred day moving average is $14.77. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -106.79, a price-to-earnings-growth ratio of 4.28 and a beta of 1.24.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were given a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.12%. UMH Properties’s dividend payout ratio (DPR) is -546.63%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UMH. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. B. Riley started coverage on UMH Properties in a research report on Thursday. They set a “buy” rating and a $18.50 price objective for the company. Finally, Compass Point raised their price objective on shares of UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.00.

Get Our Latest Stock Report on UMH Properties

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

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

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