UMH Properties, Inc. $UMH Position Trimmed by Bank of America Corp DE

Key Points

• Bank of America reduced its UMH Properties stake by 6.3% in the first quarter, selling 68,501 shares and retaining 1.03 million shares worth approximately $14.8 million. Institutional investors collectively own 75.4% of the REIT.
• Analysts maintain a cautiously positive outlook, with UMH carrying a consensus “Moderate Buy” rating and an average price target of $17.25. The stock recently traded at $16.64, near its 12-month high of $16.74.
• UMH exceeded quarterly earnings expectations, reporting $0.05 EPS versus the $0.03 estimate and revenue of $71.64 million. The company declared a quarterly dividend of $0.225, equivalent to a 5.4% annualized yield.

Bank of America Corp DE reduced its stake in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,026,424 shares of the real estate investment trust's stock after selling 68,501 shares during the quarter. Bank of America Corp DE owned approximately 1.21% of UMH Properties worth $14,811,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UMH. Vanguard Group Inc. raised its position in UMH Properties by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 8,128,983 shares of the real estate investment trust's stock valued at $129,332,000 after acquiring an additional 144,368 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in UMH Properties by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,386,288 shares of the real estate investment trust's stock worth $69,786,000 after acquiring an additional 237,609 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of UMH Properties by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,072,652 shares of the real estate investment trust's stock worth $32,982,000 after purchasing an additional 16,978 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of UMH Properties by 110.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,865,018 shares of the real estate investment trust's stock worth $29,672,000 after purchasing an additional 980,043 shares during the last quarter. Finally, Private Management Group Inc. raised its holdings in shares of UMH Properties by 9.6% during the 4th quarter. Private Management Group Inc. now owns 1,842,229 shares of the real estate investment trust's stock valued at $29,310,000 after purchasing an additional 162,049 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

UMH Properties Trading Up 0.5%

UMH Properties stock opened at $16.64 on Friday. The business has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $15.37. The company has a quick ratio of 6.90, a current ratio of 6.90 and a debt-to-equity ratio of 1.28. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 138.67 and a beta of 0.96. UMH Properties, Inc. has a 12 month low of $13.93 and a 12 month high of $16.74.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $71.64 million for 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. As a group, equities analysts forecast that UMH Properties, Inc. will post 0.99 EPS for the current year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Monday, August 17th. UMH Properties's dividend payout ratio is 750.00%.

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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