UMH Properties, Inc. (NYSE:UMH) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in UMH Properties, Inc. (NYSE:UMH - Free Report) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 410,856 shares of the real estate investment trust's stock after purchasing an additional 68,580 shares during the quarter. JPMorgan Chase & Co. owned 0.52% of UMH Properties worth $8,082,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of UMH Properties by 12.4% in the second quarter. Rhumbline Advisers now owns 112,860 shares of the real estate investment trust's stock valued at $1,805,000 after buying an additional 12,470 shares in the last quarter. Arizona State Retirement System increased its holdings in UMH Properties by 6.4% during the 2nd quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust's stock valued at $295,000 after acquiring an additional 1,111 shares in the last quarter. American Century Companies Inc. raised its position in UMH Properties by 1.0% during the second quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust's stock worth $46,869,000 after acquiring an additional 29,320 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of UMH Properties by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust's stock valued at $6,745,000 after purchasing an additional 41,774 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of UMH Properties by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust's stock valued at $15,456,000 after purchasing an additional 22,844 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company's stock.

Insider Activity

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total transaction of $53,928.00. Following the transaction, the director now owns 7,993 shares of the company's stock, valued at $153,945.18. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the completion of the transaction, the chief executive officer now owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,845 shares of company stock valued at $1,051,210 in the last 90 days. 8.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on UMH shares. Wedbush restated a "neutral" rating and set a $20.00 price objective on shares of UMH Properties in a research report on Monday. StockNews.com raised UMH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.25.

UMH Properties Trading Down 0.4 %

Shares of UMH traded down $0.07 on Wednesday, hitting $17.87. 252,398 shares of the stock traded hands, compared to its average volume of 298,855. UMH Properties, Inc. has a 1 year low of $14.09 and a 1 year high of $20.64. The stock's 50 day moving average is $19.03 and its two-hundred day moving average is $18.79. The firm has a market capitalization of $1.41 billion, a P/E ratio of 137.47, a P/E/G ratio of 3.47 and a beta of 1.29. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.13). The business had revenue of $60.67 million for the quarter, compared to analysts' expectations of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same period in the prior year, the company earned $0.22 EPS. As a group, sell-side analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties's dividend payout ratio (DPR) is 661.54%.

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.