Nomura Asset Management Co. Ltd. Has $1.84 Million Stock Holdings in UMH Properties, Inc. (NYSE:UMH)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,200 shares of the real estate investment trust’s stock after purchasing an additional 15,000 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in UMH Properties were worth $1,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC increased its position in UMH Properties by 1,011.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,456 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of UMH Properties during the 4th quarter worth about $38,000. Ulland Investment Advisors LLC increased its holdings in shares of UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 2,915 shares during the last quarter. Quarry LP raised its stake in shares of UMH Properties by 904.5% in the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 3,419 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in UMH Properties in the 4th quarter worth approximately $197,000. Institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th. Wedbush reiterated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.17.

UMH Properties Trading Up 0.6 %

Shares of UMH Properties stock opened at $18.81 on Thursday. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64. The company’s fifty day simple moving average is $18.22 and its 200-day simple moving average is $18.74. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 144.70, a PEG ratio of 2.93 and a beta of 1.29. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH) last posted 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 company had revenue of ($126.74) million for the quarter, compared to analyst estimates of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. As a group, sell-side analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a $0.225 dividend. This is a boost from UMH Properties’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 4.78%. UMH Properties’s dividend payout ratio is 2,866.67%.

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.