UMH Properties, Inc. (NYSE:UMH) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in UMH Properties, Inc. (NYSE:UMH) by 169.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 198,760 shares of the real estate investment trust’s stock after purchasing an additional 125,036 shares during the quarter. Teacher Retirement System of Texas’ holdings in UMH Properties were worth $3,753,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in UMH. Copeland Capital Management LLC raised 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 purchasing an additional 67,353 shares during the period. State Street Corp grew its stake in shares of 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 in the last quarter. William Blair Investment Management LLC raised its holdings in shares of UMH Properties by 2.5% in the 4th 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 buying an additional 48,480 shares during the period. Geode Capital Management LLC boosted its holdings in UMH Properties by 3.6% during the 3rd 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 acquiring an additional 59,705 shares during the period. Finally, Jennison Associates LLC boosted its holdings in UMH Properties by 11.0% during the 4th quarter. Jennison Associates LLC now owns 1,462,585 shares of the real estate investment trust’s stock valued at $27,614,000 after acquiring an additional 145,310 shares during the period. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wedbush reissued a “neutral” rating and set a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, UMH Properties has an average rating of “Hold” and an average target price of $21.17.

UMH Properties Stock Performance

Shares of UMH opened at $18.34 on Tuesday. The stock has a 50-day simple moving average of $18.16 and a 200-day simple moving average of $18.79. 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 PE ratio of 141.06, a PEG 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.

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

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.69%. The ex-dividend date was Tuesday, February 18th. UMH Properties’s dividend payout ratio (DPR) is presently 2,866.67%.

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.