UMH Properties, Inc. (NYSE:UMH) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 18.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,200 shares of the real estate investment trust’s stock after purchasing an additional 15,000 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.12% of UMH Properties worth $1,835,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. BCO Wealth Management LLC acquired a new stake in shares of UMH Properties during the 4th quarter valued at $377,000. JPMorgan Chase & Co. raised its position in shares of UMH Properties by 12.1% during the fourth quarter. JPMorgan Chase & Co. now owns 460,406 shares of the real estate investment trust’s stock worth $8,692,000 after purchasing an additional 49,550 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of UMH Properties by 16.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 48,668 shares of the real estate investment trust’s stock valued at $925,000 after purchasing an additional 6,970 shares during the last quarter. EntryPoint Capital LLC increased its stake in UMH Properties by 14.1% in the 4th quarter. EntryPoint Capital LLC now owns 19,070 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Corebridge Financial Inc. raised its holdings in UMH Properties by 3.7% during the 4th quarter. Corebridge Financial Inc. now owns 35,946 shares of the real estate investment trust’s stock worth $679,000 after buying an additional 1,286 shares during the period. 75.40% of the stock is owned by institutional investors and hedge funds.

UMH Properties Trading Up 0.6 %

NYSE:UMH opened at $18.81 on Thursday. The stock has a market cap of $1.55 billion, a PE ratio of 144.70, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. UMH Properties, Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $20.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The stock’s 50-day moving average is $18.22 and its two-hundred day moving average is $18.74.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.21. The firm had revenue of ($126.74) million for the quarter, compared to analyst estimates of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. As a group, equities research analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be given a dividend of $0.225 per share. This is a boost from UMH Properties’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 4.78%. UMH Properties’s dividend payout ratio (DPR) is presently 2,866.67%.

Wall Street Analyst Weigh In

UMH has been the topic of several analyst reports. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 27th. Wedbush reiterated a “neutral” rating and set a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.17.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.