OxFORD Asset Management LLP Purchases 30,124 Shares of UMH Properties, Inc. (UMH)
OxFORD Asset Management LLP raised its position in UMH Properties, Inc. (NYSE:UMH) by 78.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,375 shares of the real estate investment trust’s stock after purchasing an additional 30,124 shares during the quarter. OxFORD Asset Management LLP owned 0.20% of UMH Properties worth $1,060,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UMH. Vanguard Group Inc. raised its stake in shares of UMH Properties by 202.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,347,292 shares of the real estate investment trust’s stock valued at $57,071,000 after purchasing an additional 2,242,115 shares during the period. AJO LP raised its stake in shares of UMH Properties by 2,614.7% in the 2nd quarter. AJO LP now owns 369,151 shares of the real estate investment trust’s stock valued at $6,294,000 after purchasing an additional 355,553 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of UMH Properties by 101.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 423,614 shares of the real estate investment trust’s stock valued at $6,588,000 after purchasing an additional 212,866 shares during the period. EAM Investors LLC acquired a new stake in shares of UMH Properties in the 2nd quarter valued at about $2,749,000. Finally, JPMorgan Chase & Co. raised its stake in shares of UMH Properties by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 311,558 shares of the real estate investment trust’s stock valued at $4,832,000 after purchasing an additional 133,089 shares during the period. 54.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UMH Properties, Inc. (NYSE:UMH) opened at $14.35 on Thursday. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $493.17, a PE ratio of 20.46, a P/E/G ratio of 1.93 and a beta of 0.60. UMH Properties, Inc. has a 12-month low of $13.65 and a 12-month high of $17.90.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Tuesday, November 14th. UMH Properties’s dividend payout ratio is currently -327.26%.
Several research firms have issued reports on UMH. B. Riley reissued a “buy” rating on shares of UMH Properties in a research note on Wednesday, November 1st. Zacks Investment Research raised UMH Properties from a “strong sell” rating to a “hold” rating in a research note on Friday, October 13th. Janney Montgomery Scott began coverage on UMH Properties in a research note on Friday, September 8th. They issued a “buy” rating on the stock. Finally, DA Davidson began coverage on UMH Properties in a research note on Friday, September 1st. They issued a “buy” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.50.
About UMH Properties
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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