UMH Properties, Inc. (NYSE:UMH) Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,333 shares of the real estate investment trust's stock after purchasing an additional 27,983 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.44% of UMH Properties worth $6,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UMH. Copeland Capital Management LLC grew its holdings in UMH Properties by 2.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust's stock worth $53,401,000 after buying an additional 67,353 shares in the last quarter. State Street Corp increased its holdings in shares of 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 purchasing an additional 863,089 shares during the period. Geode Capital Management LLC raised its stake in shares of UMH Properties by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust's stock valued at $33,520,000 after purchasing an additional 59,705 shares in the last quarter. Jennison Associates LLC raised its stake in shares of UMH Properties by 11.0% during the fourth quarter. Jennison Associates LLC now owns 1,462,585 shares of the real estate investment trust's stock valued at $27,614,000 after purchasing an additional 145,310 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in UMH Properties by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust's stock worth $18,505,000 after purchasing an additional 56,662 shares during the period. 75.40% of the stock is currently owned by institutional investors and hedge funds.

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UMH Properties Price Performance

Shares of UMH traded up $0.27 during trading hours on Thursday, hitting $18.52. 220,770 shares of the company were exchanged, compared to its average volume of 397,713. The firm has a fifty day simple moving average of $18.13 and a 200-day simple moving average of $18.82. The company has a market capitalization of $1.53 billion, a PE ratio of 142.70, a PEG ratio of 2.93 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. UMH Properties, Inc. has a one year low of $14.73 and a one year high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.21. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The firm had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. As a group, sell-side analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.64%. The ex-dividend date was Tuesday, February 18th. UMH Properties's payout ratio is 2,866.67%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wedbush restated a "neutral" rating and set a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com lowered UMH Properties from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $21.25.

UMH Properties 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.