Legal & General Group Plc Raises Stake in UMH Properties, Inc. $UMH

Legal & General Group Plc raised its position in UMH Properties, Inc. (NYSE:UMH) by 13.1% in the fourth quarter, Holdings Channel reports. The fund owned 395,578 shares of the real estate investment trust’s stock after buying an additional 45,735 shares during the period. Legal & General Group Plc’s holdings in UMH Properties were worth $6,294,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in UMH Properties in the third quarter worth approximately $2,249,000. SG Americas Securities LLC lifted its stake in UMH Properties by 629.3% in the fourth quarter. SG Americas Securities LLC now owns 1,493,476 shares of the real estate investment trust’s stock worth $23,761,000 after acquiring an additional 1,288,703 shares during the last quarter. Private Management Group Inc. lifted its stake in UMH Properties by 37.9% in the third quarter. Private Management Group Inc. now owns 1,680,180 shares of the real estate investment trust’s stock worth $24,951,000 after acquiring an additional 461,463 shares during the last quarter. Citigroup Inc. lifted its stake in UMH Properties by 141.8% in the third quarter. Citigroup Inc. now owns 760,243 shares of the real estate investment trust’s stock worth $11,290,000 after acquiring an additional 445,834 shares during the last quarter. Finally, TABR Capital Management LLC purchased a new position in UMH Properties in the fourth quarter worth approximately $1,772,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

UMH Properties Stock Up 1.3%

UMH stock opened at $15.26 on Friday. The company has a current ratio of 6.97, a quick ratio of 6.97 and a debt-to-equity ratio of 1.20. UMH Properties, Inc. has a twelve month low of $13.93 and a twelve month high of $17.44. The company’s 50 day moving average is $15.24 and its two-hundred day moving average is $15.45. The stock has a market cap of $1.30 billion, a P/E ratio of 152.61 and a beta of 0.97.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. UMH Properties had a net margin of 11.03% and a return on equity of 4.96%. The company had revenue of $65.84 million for the quarter, compared to analysts’ expectations of $59.35 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Research analysts expect that UMH Properties, Inc. will post 0.99 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

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

About UMH Properties

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.