Parametric Portfolio Associates LLC grew its position in UMH Properties, Inc. (NYSE:UMH) by 58.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 105,678 shares of the real estate investment trust’s stock after buying an additional 38,830 shares during the period. Parametric Portfolio Associates LLC owned 0.34% of UMH Properties worth $1,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UMH. Vanguard Group Inc. increased 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 buying an additional 2,242,115 shares during the period. AJO LP increased 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 buying an additional 355,553 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of UMH Properties by 108.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 210,748 shares of the real estate investment trust’s stock valued at $3,594,000 after buying an additional 109,803 shares during the period. GSA Capital Partners LLP increased its stake in shares of UMH Properties by 109.6% in the 2nd quarter. GSA Capital Partners LLP now owns 161,095 shares of the real estate investment trust’s stock valued at $2,747,000 after buying an additional 84,237 shares during the period. Finally, Northern Trust Corp increased its stake in shares of UMH Properties by 24.2% in the 2nd quarter. Northern Trust Corp now owns 388,174 shares of the real estate investment trust’s stock valued at $6,618,000 after buying an additional 75,670 shares during the period. 54.78% of the stock is owned by institutional investors.

UMH has been the subject of several research reports. DA Davidson initiated coverage on UMH Properties in a research note on Friday, September 1st. They issued a “buy” rating and a $18.00 target price for the company. Zacks Investment Research raised UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, September 14th. BidaskClub cut UMH Properties from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Janney Montgomery Scott initiated coverage on UMH Properties in a research note on Friday, September 8th. They issued a “buy” rating for the company. Finally, B. Riley reissued a “buy” rating on shares of UMH Properties in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.70.

Shares of UMH Properties, Inc. (UMH) opened at $15.23 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.46 and a current ratio of 4.46. UMH Properties, Inc. has a 52 week low of $11.47 and a 52 week high of $17.90. The company has a market capitalization of $536.13, a price-to-earnings ratio of 22.25, a P/E/G ratio of 2.10 and a beta of 0.60.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.34). UMH Properties had a return on equity of 0.74% and a net margin of 1.05%. The company had revenue of $28.69 million for the quarter, compared to analyst estimates of $28.79 million. During the same period last year, the firm earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. analysts anticipate that UMH Properties, Inc. will post 0.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.73%. UMH Properties’s dividend payout ratio (DPR) is presently -327.26%.

TRADEMARK VIOLATION WARNING: “Parametric Portfolio Associates LLC Grows Stake in UMH Properties, Inc. (UMH)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/11/parametric-portfolio-associates-llc-grows-stake-in-umh-properties-inc-umh.html.

UMH Properties Profile

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.

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, Inc. (NYSE:UMH).

Institutional Ownership by Quarter for UMH Properties (NYSE:UMH)

Receive News & Stock Ratings for UMH Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties Inc. and related stocks with our FREE daily email newsletter.