UMH Properties, Inc. (NYSE:UMH) Short Interest Update

UMH Properties, Inc. (NYSE:UMH) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 1,060,000 shares, a drop of 16.5% from the March 31st total of 1,270,000 shares. Based on an average daily volume of 353,700 shares, the days-to-cover ratio is presently 3.0 days.

Analyst Ratings Changes

UMH has been the subject of a number of recent research reports. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday. B. Riley began coverage on shares of UMH Properties in a research note on Thursday, March 21st. They set a “buy” rating and a $18.50 price objective for the company. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of UMH Properties in a research note on Monday, March 25th. Finally, Compass Point lifted their price objective on shares of UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.00.

Insider Activity at UMH Properties

In related news, COO Brett Taft sold 9,800 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total value of $155,918.00. Following the completion of the transaction, the chief operating officer now directly owns 97,049 shares of the company’s stock, valued at $1,544,049.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.63% of the stock is currently owned by insiders.

Institutional Trading of UMH Properties

Several institutional investors and hedge funds have recently made changes to their positions in UMH. SRS Capital Advisors Inc. lifted its position in shares of UMH Properties by 382.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,711 shares during the last quarter. Spire Wealth Management lifted its position in shares of UMH Properties by 177.8% during the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,125 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of UMH Properties by 52.7% during the fourth quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 1,856 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of UMH Properties by 1,440.7% during the fourth quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 7,391 shares during the last quarter. Finally, Advisor Partners II LLC bought a new stake in shares of UMH Properties during the third quarter worth $145,000. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Stock Up 0.2 %

NYSE UMH opened at $15.66 on Friday. UMH Properties has a 52 week low of $13.26 and a 52 week high of $16.85. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -104.39, a PEG ratio of 2.80 and a beta of 1.24. The company has a fifty day moving average of $15.59 and a two-hundred day moving average of $15.03. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66.

UMH Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 5.49%. This is an increase from UMH Properties’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, May 14th. UMH Properties’s dividend payout ratio (DPR) is -546.63%.

About UMH Properties

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.