UMH Properties, Inc. (NYSE:UMH) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC increased its position in shares of UMH Properties, Inc. (NYSE:UMH) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,992,420 shares of the real estate investment trust’s stock after acquiring an additional 48,480 shares during the quarter. William Blair Investment Management LLC owned approximately 2.53% of UMH Properties worth $37,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Copeland Capital Management LLC lifted its position in UMH Properties by 2.4% in the fourth quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust’s stock valued at $53,401,000 after buying an additional 67,353 shares during the last quarter. State Street Corp lifted its position in UMH Properties by 44.5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after buying an additional 863,089 shares during the last quarter. Geode Capital Management LLC lifted its position in UMH Properties by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock valued at $33,520,000 after buying an additional 59,705 shares during the last quarter. Jennison Associates LLC lifted its position in UMH Properties by 11.0% in the fourth quarter. Jennison Associates LLC now owns 1,462,585 shares of the real estate investment trust’s stock valued at $27,614,000 after buying an additional 145,310 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in UMH Properties in the fourth quarter valued at about $23,396,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Up 0.9 %

Shares of UMH opened at $18.22 on Tuesday. The stock has a market capitalization of $1.50 billion, a PE ratio of 140.19, a P/E/G ratio of 2.93 and a beta of 1.29. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64. 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 company’s 50-day simple moving average is $18.13 and its 200-day simple moving average is $18.83.

UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.21. The business had revenue of ($126.74) million for the quarter, compared to analysts’ expectations of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. 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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.72%. UMH Properties’s payout ratio is 2,866.67%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.25.

UMH Properties Profile

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.