Keybank National Association OH Buys 1,699 Shares of UMH Properties, Inc. (NYSE:UMH)

Keybank National Association OH grew its stake in UMH Properties, Inc. (NYSE:UMH) by 7.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,219 shares of the real estate investment trust’s stock after purchasing an additional 1,699 shares during the quarter. Keybank National Association OH’s holdings in UMH Properties were worth $457,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Cornerstone Investment Partners LLC bought a new position in UMH Properties in the 4th quarter worth $197,000. Charles Schwab Investment Management Inc. grew its position in shares of UMH Properties by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,028,383 shares of the real estate investment trust’s stock worth $19,416,000 after buying an additional 87,591 shares during the period. Versor Investments LP purchased a new stake in shares of UMH Properties in the 4th quarter worth about $268,000. Oppenheimer & Co. Inc. purchased a new stake in shares of UMH Properties in the 4th quarter worth about $569,000. Finally, Bank of New York Mellon Corp grew its position in shares of UMH Properties by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 346,333 shares of the real estate investment trust’s stock worth $6,539,000 after buying an additional 27,983 shares during the period. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Stock Performance

Shares of NYSE UMH opened at $18.23 on Monday. The firm’s 50-day moving average price is $18.21 and its 200-day moving average price is $18.88. 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 company has a market cap of $1.50 billion, a PE ratio of 140.20, a PEG 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 announced its quarterly 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. The firm had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. As a group, analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s payout ratio is presently 2,866.67%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UMH. Wedbush reaffirmed 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 downgraded 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 three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.