UMH Properties, Inc. $UMH Holdings Decreased by Jennison Associates LLC

Jennison Associates LLC lowered its stake in UMH Properties, Inc. (NYSE:UMH) by 31.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 933,034 shares of the real estate investment trust’s stock after selling 422,566 shares during the quarter. Jennison Associates LLC’s holdings in UMH Properties were worth $13,464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in UMH Properties during the 1st quarter valued at about $46,000. Danske Bank A S acquired a new stake in shares of UMH Properties in the 4th quarter worth approximately $49,000. Quantbot Technologies LP acquired a new stake in shares of UMH Properties in the 2nd quarter worth approximately $52,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of UMH Properties by 96.9% in 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 in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of UMH Properties by 111.8% in 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 in the last quarter. Institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen raised UMH Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Odeon Capital Group set a $17.50 price target on UMH Properties in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded UMH Properties from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

UMH Properties Price Performance

UMH stock opened at $15.47 on Wednesday. UMH Properties, Inc. has a one year low of $13.93 and a one year high of $17.23. The firm has a 50-day moving average of $15.27 and a two-hundred day moving average of $15.40. The firm has a market capitalization of $1.32 billion, a PE ratio of 154.75 and a beta of 0.96. 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 (NYSE:UMH) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, beating 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 business had revenue of $65.84 million for the quarter, compared to analyst estimates of $59.35 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 year.

UMH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, August 17th. UMH Properties’s dividend payout ratio (DPR) is 900.00%.

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.