700,000 Shares in UMH Properties, Inc. $UMH Purchased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC acquired a new stake in shares of UMH Properties, Inc. (NYSE:UMH) in the second quarter, Holdings Channel reports. The firm acquired 700,000 shares of the real estate investment trust’s stock, valued at approximately $10,598,000.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in UMH Properties in the second quarter worth approximately $127,139,000. Vanguard Group Inc. raised its position in UMH Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 8,128,983 shares of the real estate investment trust’s stock valued at $129,332,000 after purchasing an additional 144,368 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of UMH Properties by 5.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,386,288 shares of the real estate investment trust’s stock worth $69,786,000 after buying an additional 237,609 shares during the period. Geode Capital Management LLC lifted its holdings in shares of UMH Properties by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,072,652 shares of the real estate investment trust’s stock worth $32,982,000 after buying an additional 16,978 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of UMH Properties by 110.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,865,018 shares of the real estate investment trust’s stock worth $29,672,000 after buying an additional 980,043 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UMH has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research note on Friday, July 31st. Odeon Capital Group set a $17.50 price objective on shares of UMH Properties in a research note on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

UMH Properties Stock Down 0.8%

UMH Properties stock opened at $16.52 on Friday. The business has a fifty day moving average of $15.68 and a two-hundred day moving average of $15.40. The company has a quick ratio of 6.90, a current ratio of 6.90 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.41 billion, a P/E ratio of 137.71 and a beta of 0.96. UMH Properties, Inc. has a twelve month low of $13.93 and a twelve month high of $16.77.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.The business had revenue of $71.64 million for the quarter, compared to the consensus estimate of $60.76 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. On average, analysts forecast that UMH Properties, Inc. will post 0.99 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.90 dividend on an annualized basis and a yield of 5.4%. UMH Properties’s dividend payout ratio (DPR) is presently 750.00%.

UMH Properties Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.