UMH Properties, Inc. (NYSE:UMH) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 571,357 shares of the real estate investment trust’s stock after buying an additional 10,351 shares during the period. State of New Jersey Common Pension Fund D owned 0.86% of UMH Properties worth $8,753,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Spire Wealth Management increased its position in UMH Properties by 177.8% during the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,125 shares in the last quarter. International Assets Investment Management LLC increased its position in UMH Properties by 1,440.7% during the fourth quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 7,391 shares in the last quarter. Advisor Partners II LLC purchased a new position in UMH Properties during the third quarter worth $145,000. Bfsg LLC purchased a new position in UMH Properties during the third quarter worth $151,000. Finally, Strs Ohio increased its position in UMH Properties by 6.1% during the fourth quarter. Strs Ohio now owns 12,200 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UMH. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of UMH Properties in a research report on Monday, March 25th. Compass Point lifted their target price on UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a report on Thursday, March 21st. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, B. Riley started coverage on UMH Properties in a research note on Thursday, March 21st. They set a “buy” rating and a $18.50 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, UMH Properties currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Insider Buying and Selling

In related news, COO Brett Taft sold 9,800 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total value of $155,918.00. Following the completion of the sale, the chief operating officer now directly owns 97,049 shares of the company’s stock, valued at $1,544,049.59. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.63% of the company’s stock.

UMH Properties Stock Up 0.2 %

Shares of UMH traded up $0.03 during midday trading on Friday, reaching $15.66. 176,198 shares of the company were exchanged, compared to its average volume of 357,499. The company has a current ratio of 6.52, a quick ratio of 6.52 and a debt-to-equity ratio of 1.66. UMH Properties, Inc. has a 1-year low of $13.26 and a 1-year high of $16.85. The stock has a 50-day moving average price of $15.57 and a 200-day moving average price of $15.01. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -104.16, a P/E/G ratio of 2.81 and a beta of 1.24.

UMH Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be paid a $0.215 dividend. This is a boost from UMH Properties’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, May 14th. This represents a $0.86 annualized dividend and a dividend yield of 5.49%. UMH Properties’s payout ratio is -546.63%.

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.