BCO Wealth Management LLC Invests $377,000 in UMH Properties, Inc. (NYSE:UMH)

BCO Wealth Management LLC acquired a new position in UMH Properties, Inc. (NYSE:UMH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,954 shares of the real estate investment trust's stock, valued at approximately $377,000. UMH Properties comprises 0.3% of BCO Wealth Management LLC's portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UMH. Principal Financial Group Inc. purchased a new position in shares of UMH Properties in the third quarter worth $675,000. Barclays PLC increased 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 worth $3,155,000 after buying an additional 80,660 shares in the last quarter. Swiss National Bank raised its position in UMH Properties by 12.4% in the 4th quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust's stock worth $2,772,000 after buying an additional 16,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in UMH Properties by 6.4% during the 3rd 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 acquiring an additional 56,662 shares during the period. Finally, State Street Corp boosted its holdings in shares of UMH Properties by 44.5% during the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock valued at $55,127,000 after acquiring an additional 863,089 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Thursday. Wedbush reiterated a "neutral" rating and set a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $21.17.

UMH Properties Stock Performance

Shares of NYSE UMH traded up $0.02 during midday trading on Monday, hitting $18.72. 285,742 shares of the company's stock traded hands, compared to its average volume of 415,559. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 144.05, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. The firm has a fifty day moving average of $18.19 and a 200 day moving average of $18.76. UMH Properties, Inc. has a 1 year low of $14.73 and a 1 year high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.21. The business had revenue of ($126.74) million during the quarter, compared to analysts' expectations of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. On average, analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.215 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.59%. UMH Properties's payout ratio is currently 2,866.67%.

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.