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

Keybank National Association OH lifted its holdings in UMH Properties, Inc. (NYSE:UMH) by 7.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,219 shares of the real estate investment trust’s stock after buying an additional 1,699 shares during the period. Keybank National Association OH’s holdings in UMH Properties were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of UMH Properties in the 4th quarter worth approximately $38,000. Loomis Sayles & Co. L P raised its stake in UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 2,346 shares during the period. US Bancorp DE raised its stake in UMH Properties by 261.1% during the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,791 shares during the period. Ulland Investment Advisors LLC raised its stake in UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 2,915 shares during the period. Finally, Quarry LP raised its stake in UMH Properties by 904.5% during the 3rd quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 3,419 shares during the period. Institutional investors own 75.40% of the company’s stock.

UMH Properties Trading Down 0.4 %

Shares of UMH opened at $18.23 on Monday. 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 1 year low of $14.73 and a 1 year high of $20.64. The company has a 50 day simple moving average of $18.21 and a two-hundred day simple moving average of $18.88. The firm has a market cap of $1.50 billion, a P/E ratio of 140.20, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data 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 net margin of 11.81% and a return on equity of 6.06%. The business had revenue of ($126.74) million during the quarter, compared to analyst estimates of $59.73 million. On average, equities analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 4.72%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s dividend payout ratio (DPR) is currently 2,866.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. StockNews.com cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Wedbush restated a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.