BlueCrest Capital Management Ltd purchased a new position in shares of UMH Properties, Inc. (NYSE:UMH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,564 shares of the real estate investment trust’s stock, valued at approximately $214,000.

A number of other large investors have also recently added to or reduced their stakes in UMH. Bank of Montreal Can lifted its stake in UMH Properties by 787.4% during the second quarter. Bank of Montreal Can now owns 10,392 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 9,221 shares in the last quarter. Creative Planning lifted its stake in UMH Properties by 227.1% during the second quarter. Creative Planning now owns 6,049 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 4,200 shares in the last quarter. Aperio Group LLC lifted its stake in UMH Properties by 6.0% during the second quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 617 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in UMH Properties during the second quarter worth $904,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in UMH Properties by 3.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 317,000 shares of the real estate investment trust’s stock worth $5,405,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 53.99% of the company’s stock.

UMH Properties, Inc. (NYSE:UMH) opened at 15.62 on Friday. The firm’s market capitalization is $529.44 million. UMH Properties, Inc. has a 1-year low of $11.47 and a 1-year high of $17.90. The firm’s 50-day moving average price is $15.69 and its 200-day moving average price is $16.20.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 4.61%. UMH Properties’s dividend payout ratio is presently -799.91%.

A number of research analysts have commented on UMH shares. Zacks Investment Research upgraded UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, September 14th. Janney Montgomery Scott started coverage on UMH Properties in a research note on Friday, September 8th. They set a “buy” rating on the stock. DA Davidson started coverage on UMH Properties in a research note on Friday, September 1st. They set a “buy” rating and a $18.00 price target on the stock. BidaskClub cut UMH Properties from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, ValuEngine cut UMH Properties from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.70.

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About UMH Properties

UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.

Institutional Ownership by Quarter for UMH Properties (NYSE:UMH)

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