UMH Properties, Inc. (NYSE:UMH) is LDR Capital Management LLC’s 8th Largest Position

LDR Capital Management LLC cut its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 21.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 131,466 shares of the real estate investment trust’s stock after selling 35,625 shares during the period. UMH Properties accounts for approximately 3.4% of LDR Capital Management LLC’s holdings, making the stock its 8th biggest holding. LDR Capital Management LLC owned approximately 0.17% of UMH Properties worth $2,482,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. acquired a new position in UMH Properties in the third quarter valued at approximately $675,000. Concurrent Investment Advisors LLC acquired a new stake in UMH Properties in the 3rd quarter valued at about $614,000. Barclays PLC lifted its holdings in UMH Properties by 101.1% in the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock valued at $3,155,000 after acquiring an additional 80,660 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in UMH Properties by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock valued at $18,505,000 after buying an additional 56,662 shares in the last quarter. Finally, State Street Corp lifted its stake in UMH Properties by 44.5% during the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after buying an additional 863,089 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Trading Up 0.1 %

NYSE UMH opened at $17.66 on Friday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 135.88, a PEG ratio of 2.93 and a beta of 1.28. UMH Properties, Inc. has a 52 week low of $14.09 and a 52 week high of $20.64. The stock’s 50 day moving average price is $18.31 and its two-hundred day moving average price is $18.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s payout ratio is presently 661.59%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UMH. Wedbush restated a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

About UMH Properties

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.