Forsta AP Fonden lifted its holdings in shares of UMH PROPERTIES/SH SH (NYSE:UMH) by 16.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,100 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the period. Forsta AP Fonden’s holdings in UMH PROPERTIES/SH SH were worth $199,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of UMH. PNC Financial Services Group Inc. bought a new position in UMH PROPERTIES/SH SH during the 4th quarter worth approximately $52,000. Vanguard Group Inc boosted its stake in UMH PROPERTIES/SH SH by 11.7% during the 3rd quarter. Vanguard Group Inc now owns 3,459,170 shares of the real estate investment trust’s stock worth $54,101,000 after acquiring an additional 361,864 shares during the last quarter. D.A. Davidson & CO. boosted its stake in UMH PROPERTIES/SH SH by 14.4% during the 4th quarter. D.A. Davidson & CO. now owns 534,840 shares of the real estate investment trust’s stock worth $6,333,000 after acquiring an additional 67,469 shares during the last quarter. Investment Counselors of Maryland LLC boosted its stake in UMH PROPERTIES/SH SH by 109.3% during the 4th quarter. Investment Counselors of Maryland LLC now owns 918,300 shares of the real estate investment trust’s stock worth $10,873,000 after acquiring an additional 479,576 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in UMH PROPERTIES/SH SH by 11.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,459,170 shares of the real estate investment trust’s stock worth $54,101,000 after acquiring an additional 361,864 shares during the last quarter. Institutional investors own 54.76% of the company’s stock.

UMH PROPERTIES/SH SH stock opened at $13.30 on Wednesday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 2.73 and a current ratio of 2.73. UMH PROPERTIES/SH SH has a fifty-two week low of $11.14 and a fifty-two week high of $16.69. The company has a market cap of $517.58 million, a P/E ratio of 17.97, a PEG ratio of 1.82 and a beta of 0.74.

UMH PROPERTIES/SH SH (NYSE:UMH) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). UMH PROPERTIES/SH SH had a negative net margin of 13.68% and a negative return on equity of 11.83%. The company had revenue of $34.29 million during the quarter, compared to the consensus estimate of $34.67 million. Analysts expect that UMH PROPERTIES/SH SH will post 0.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Tuesday, May 14th. UMH PROPERTIES/SH SH’s payout ratio is currently 97.30%.

UMH has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a research note on Saturday, May 11th. Boenning Scattergood reissued a “buy” rating and set a $19.50 price objective on shares of UMH PROPERTIES/SH SH in a research note on Monday, March 11th.

In related news, insider Umh Properties, Inc. purchased 19,365 shares of the business’s stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $12.60 per share, with a total value of $243,999.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Mitchell acquired 15,385 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $13.00 per share, for a total transaction of $200,005.00. The disclosure for this purchase can be found here. Insiders own 10.89% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Forsta AP Fonden Has $199,000 Stake in UMH PROPERTIES/SH SH (UMH)” was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://theolympiareport.com/2019/05/22/forsta-ap-fonden-has-199000-stake-in-umh-properties-sh-sh-umh.html.

UMH PROPERTIES/SH SH Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

Featured Article: QQQ ETF

Want to see what other hedge funds are holding UMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMH PROPERTIES/SH SH (NYSE:UMH).

Institutional Ownership by Quarter for UMH PROPERTIES/SH SH (NYSE:UMH)

Receive News & Ratings for UMH PROPERTIES/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH PROPERTIES/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.