UMH Properties, Inc. (NYSE:UMH) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC increased its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,070 shares of the real estate investment trust’s stock after purchasing an additional 2,357 shares during the quarter. EntryPoint Capital LLC’s holdings in UMH Properties were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centiva Capital LP lifted its position in shares of UMH Properties by 4.0% during the 3rd quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock worth $618,000 after buying an additional 1,195 shares during the last quarter. Corebridge Financial Inc. lifted its position in UMH Properties by 3.7% in the fourth quarter. Corebridge Financial Inc. now owns 35,946 shares of the real estate investment trust’s stock valued at $679,000 after acquiring an additional 1,286 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,456 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of UMH Properties by 6.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 24,240 shares of the real estate investment trust’s stock worth $458,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Keybank National Association OH increased its position in shares of UMH Properties by 7.5% during the fourth quarter. Keybank National Association OH now owns 24,219 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 1,699 shares in the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

UMH Properties Stock Performance

Shares of UMH stock opened at $18.49 on Thursday. The stock’s 50-day moving average price is $18.18 and its 200 day moving average price is $18.78. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.53 billion, a PE ratio of 142.27, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. UMH Properties, Inc. has a 52-week low of $14.73 and a 52-week high of $20.64.

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

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.65%. UMH Properties’s dividend payout ratio (DPR) is 2,866.67%.

Analysts Set New Price Targets

A number of analysts recently issued reports on UMH shares. Wedbush reissued a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.17.

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.