BCO Wealth Management LLC Invests $377,000 in UMH Properties, Inc. (NYSE:UMH)

BCO Wealth Management LLC acquired a new stake in UMH Properties, Inc. (NYSE:UMH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,954 shares of the real estate investment trust’s stock, valued at approximately $377,000. UMH Properties accounts for 0.3% of BCO Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in UMH Properties by 12.1% during the fourth quarter. JPMorgan Chase & Co. now owns 460,406 shares of the real estate investment trust’s stock worth $8,692,000 after purchasing an additional 49,550 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of UMH Properties by 16.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 48,668 shares of the real estate investment trust’s stock worth $925,000 after buying an additional 6,970 shares during the last quarter. EntryPoint Capital LLC raised its stake in shares of UMH Properties by 14.1% during the 4th quarter. EntryPoint Capital LLC now owns 19,070 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 2,357 shares during the last quarter. Corebridge Financial Inc. boosted its position in shares of UMH Properties by 3.7% in the 4th quarter. Corebridge Financial Inc. now owns 35,946 shares of the real estate investment trust’s stock worth $679,000 after buying an additional 1,286 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in UMH Properties by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock valued at $141,722,000 after acquiring an additional 799,798 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Performance

NYSE:UMH opened at $18.49 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The firm has a market cap of $1.53 billion, a PE ratio of 142.27, a P/E/G ratio of 2.93 and a beta of 1.29. The firm has a 50 day simple moving average of $18.18 and a 200-day simple moving average of $18.78. UMH Properties, Inc. has a 1-year low of $14.73 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $59.73 million. On average, equities analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 18th were given a dividend of $0.215 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.65%. UMH Properties’s dividend payout ratio (DPR) is presently 2,866.67%.

Wall Street Analysts Forecast Growth

UMH has been the subject of a number of research reports. Wedbush restated a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com downgraded UMH Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.