UMH Properties, Inc. $UMH Shares Acquired by Legal & General Group Plc

Legal & General Group Plc raised its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 395,578 shares of the real estate investment trust’s stock after acquiring an additional 45,735 shares during the period. Legal & General Group Plc owned approximately 0.46% of UMH Properties worth $6,294,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UMH. Danske Bank A S acquired a new stake in shares of UMH Properties during the fourth quarter valued at about $49,000. Quantbot Technologies LP acquired a new stake in shares of UMH Properties during the second quarter valued at about $52,000. Creative Financial Designs Inc. ADV increased its position in shares of UMH Properties by 96.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,495 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,720 shares during the last quarter. Signaturefd LLC increased its position in shares of UMH Properties by 111.8% during the fourth quarter. Signaturefd LLC now owns 3,588 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,894 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of UMH Properties during the third quarter valued at about $61,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Trading Up 1.3%

NYSE UMH opened at $15.26 on Friday. The firm has a 50 day simple moving average of $15.24 and a 200-day simple moving average of $15.45. The company has a debt-to-equity ratio of 1.20, a quick ratio of 6.97 and a current ratio of 6.97. UMH Properties, Inc. has a one year low of $13.93 and a one year high of $17.44. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 152.61 and a beta of 0.97.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. UMH Properties had a net margin of 11.03% and a return on equity of 4.96%. The business had revenue of $65.84 million during the quarter, compared to analyst estimates of $59.35 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Equities research analysts anticipate that UMH Properties, Inc. will post 0.99 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be paid a $0.225 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.90 dividend on an annualized basis and a yield of 5.9%. UMH Properties’s payout ratio is currently 900.00%.

Analyst Ratings Changes

UMH has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings raised shares of UMH Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.17.

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.