Bank of America Corp DE Makes New Investment in UMH Properties, Inc. $UMH

Key Points

• Bank of America acquired 1.03 million UMH Properties shares worth approximately $15.7 million, giving it a 1.21% stake. Institutional ownership stands at 75.4%, with several other funds also initiating or expanding positions.
• UMH reported quarterly EPS of $0.05, exceeding the $0.03 consensus estimate, while revenue of $71.64 million surpassed expectations of $60.76 million. Management provided fiscal 2026 EPS guidance of $0.98–$1.04.
• Shares opened at $15.32, below the analyst consensus price target of $17.25; analysts rate the stock a consensus “Moderate Buy.” UMH also pays a quarterly dividend of $0.225, equivalent to a 5.9% annualized yield.

Bank of America Corp DE purchased a new position in UMH Properties, Inc. (NYSE:UMH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,033,986 shares of the real estate investment trust's stock, valued at approximately $15,655,000. Bank of America Corp DE owned about 1.21% of UMH Properties as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in shares of UMH Properties in the second quarter worth about $975,000. Bank of New York Mellon Corp bought a new stake in shares of UMH Properties in the 2nd quarter valued at about $7,212,000. William Blair Investment Management LLC purchased a new stake in UMH Properties during the 2nd quarter valued at about $10,175,000. First Trust Advisors LP boosted its holdings in UMH Properties by 695.1% during the 1st quarter. First Trust Advisors LP now owns 87,881 shares of the real estate investment trust's stock valued at $1,268,000 after acquiring an additional 76,828 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in UMH Properties by 4.2% during the 1st quarter. D.A. Davidson & CO. now owns 1,771,311 shares of the real estate investment trust's stock valued at $25,560,000 after acquiring an additional 71,015 shares during the period. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

UMH Properties Stock Down 0.5%

Shares of NYSE:UMH opened at $15.32 on Friday. The stock's 50-day moving average is $15.88 and its 200 day moving average is $15.41. The company has a market cap of $1.31 billion, a PE ratio of 127.70 and a beta of 0.97. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.90 and a quick ratio of 6.90. UMH Properties, Inc. has a 1 year low of $13.93 and a 1 year high of $16.77.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $71.64 million during the quarter, compared to analysts' expectations of $60.76 million. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Sell-side analysts anticipate that UMH Properties, Inc. will post 1.01 EPS for the current year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 17th were paid a $0.2250 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.90 dividend on an annualized basis and a yield of 5.9%. UMH Properties's dividend payout ratio (DPR) is presently 750.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UMH. Weiss Ratings reaffirmed a "hold (c)" rating on shares of UMH Properties in a research note on Friday, July 31st. Odeon Capital Group set a $17.50 price objective 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 assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.

About UMH Properties

UMH Properties, Inc is a real estate investment trust that owns and operates manufactured housing communities in the United States. The company provides residents with affordable housing options through land-lease communities, where homeowners typically own their manufactured homes while leasing the underlying land from UMH.

UMH's activities include acquiring, developing, expanding and managing manufactured housing communities, as well as selling and leasing manufactured homes. Its portfolio includes company-owned homes that are offered for rent, providing an additional source of housing for residents who may prefer not to purchase a home.

Founded in 1968, UMH serves markets primarily in the Midwest and Mid-Atlantic regions, including communities in states such as Ohio, Indiana, Michigan, Pennsylvania, Tennessee, New Jersey, New York, Maryland, Illinois, Alabama and Kentucky.

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