UMH Properties, Inc. (NYSE:UMH) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,406 shares of the real estate investment trust's stock after buying an additional 49,550 shares during the period. JPMorgan Chase & Co. owned 0.58% of UMH Properties worth $8,692,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in UMH Properties in the 4th quarter valued at about $23,396,000. State Street Corp grew its stake in shares of UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock valued at $55,127,000 after purchasing an additional 863,089 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of UMH Properties by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust's stock valued at $141,722,000 after purchasing an additional 799,798 shares during the period. Franklin Resources Inc. purchased a new stake in shares of UMH Properties during the third quarter worth approximately $4,421,000. Finally, First Eagle Investment Management LLC raised its stake in shares of UMH Properties by 90.3% during the fourth quarter. First Eagle Investment Management LLC now owns 375,919 shares of the real estate investment trust's stock worth $7,097,000 after purchasing an additional 178,426 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

UMH Properties Price Performance

UMH Properties stock traded up $0.37 during midday trading on Friday, reaching $17.31. The company's stock had a trading volume of 345,317 shares, compared to its average volume of 428,870. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. UMH Properties, Inc. has a fifty-two week low of $14.73 and a fifty-two week high of $20.64. The firm has a market capitalization of $1.43 billion, a PE ratio of 133.13, a P/E/G ratio of 2.93 and a beta of 1.17. The stock's 50 day simple moving average is $17.95 and its 200 day simple moving average is $18.49.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, topping 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 firm had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. On average, equities research analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.20%. UMH Properties's payout ratio is currently 3,000.00%.

Analyst Upgrades and Downgrades

UMH has been the topic of several recent research reports. Wedbush reissued a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a research note on Monday, January 13th. StockNews.com lowered shares of UMH Properties from a "hold" rating to a "sell" rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, UMH Properties presently has an average rating of "Hold" and a consensus target price of $21.17.

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.