KLP Kapitalforvaltning AS Purchases Shares of 14,600 UMH Properties, Inc. (NYSE:UMH)

KLP Kapitalforvaltning AS acquired a new stake in UMH Properties, Inc. (NYSE:UMH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 14,600 shares of the real estate investment trust’s stock, valued at approximately $276,000.

Several other large investors also recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in shares of UMH Properties by 2.8% during the 4th quarter. Sei Investments Co. now owns 355,197 shares of the real estate investment trust’s stock worth $6,706,000 after buying an additional 9,754 shares during the period. Summit Global Investments acquired a new stake in UMH Properties during the fourth quarter worth approximately $258,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of UMH Properties by 107.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,341 shares of the real estate investment trust’s stock worth $441,000 after acquiring an additional 12,088 shares during the period. Teacher Retirement System of Texas grew its position in shares of UMH Properties by 169.6% in the fourth quarter. Teacher Retirement System of Texas now owns 198,760 shares of the real estate investment trust’s stock valued at $3,753,000 after purchasing an additional 125,036 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of UMH Properties by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust’s stock valued at $37,617,000 after purchasing an additional 48,480 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

UMH Properties Stock Performance

NYSE:UMH opened at $17.85 on Monday. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.47 billion, a PE ratio of 137.32, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. UMH Properties, Inc. has a twelve month low of $14.73 and a twelve month high of $20.64. The stock’s 50-day simple moving average is $18.24 and its 200 day simple moving average is $18.71.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.21. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The business had revenue of ($126.74) million during the quarter, compared to analysts’ expectations of $59.73 million. On average, analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.04%. This is a boost from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, May 15th. UMH Properties’s dividend payout ratio is presently 3,000.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UMH shares. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Wedbush reaffirmed a “neutral” rating and set a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.