476,378 Shares in UMH Properties, Inc. $UMH Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 476,378 shares of UMH Properties during the second quarter, valued at approximately $7.2 million and representing a 0.56% stake. Institutional investors collectively own 75.4% of the REIT.
• UMH Properties exceeded quarterly earnings expectations, reporting $0.05 EPS versus the $0.03 estimate and revenue of $71.64 million, above the $60.76 million consensus forecast.
• The company declared a quarterly dividend of $0.225 per share, or $0.90 annually, implying a 5.6% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $17.25, compared with its $15.96 opening price.

Bank of New York Mellon Corp purchased a new stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 476,378 shares of the real estate investment trust's stock, valued at approximately $7,212,000. Bank of New York Mellon Corp owned 0.56% of UMH Properties at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S purchased a new stake in UMH Properties in the fourth quarter worth about $49,000. Quantbot Technologies LP purchased a new position in UMH Properties during the 2nd quarter valued at about $52,000. Summit Securities Group LLC purchased a new position in UMH Properties during the 1st quarter valued at about $46,000. Creative Financial Designs Inc. ADV boosted its stake in UMH Properties by 96.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,495 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 1,720 shares in the last quarter. Finally, Quarry LP bought a new stake in UMH Properties during the third quarter worth about $61,000. Institutional investors own 75.40% of the company's stock.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $15.96 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 6.90 and a current ratio of 6.90. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 133.00 and a beta of 0.97. The business has a 50-day simple moving average of $15.79 and a two-hundred day simple moving average of $15.41. UMH Properties, Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $16.77.

UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $71.64 million during the quarter, compared to analyst estimates of $60.76 million. UMH Properties had a net margin of 11.55% and a return on equity of 5.40%. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. On average, analysts expect that UMH Properties, Inc. will post 0.99 earnings per share for the current year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.6%. UMH Properties's payout ratio is presently 750.00%.

Wall Street Analysts Forecast Growth

UMH has been the topic of several analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of UMH Properties in a report on Friday, July 31st. Wall Street Zen upgraded UMH Properties from a "sell" rating to a "hold" rating in a report on Sunday, May 10th. Finally, Odeon Capital Group set a $17.50 price target on UMH Properties in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.25.

UMH Properties Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company's business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.

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