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

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

Insider Activity

In related news, COO Brett Taft sold 9,800 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total transaction of $155,918.00. Following the completion of the transaction, the chief operating officer now directly owns 97,049 shares in the company, valued at $1,544,049.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.63% of the company’s stock.

Institutional Investors Weigh In On UMH Properties

Several hedge funds have recently bought and sold shares of the business. SRS Capital Advisors Inc. increased its stake in UMH Properties by 382.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,711 shares in the last quarter. Spire Wealth Management increased 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 valued at $47,000 after acquiring an additional 2,125 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in UMH Properties by 52.7% in the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,856 shares during the last quarter. International Assets Investment Management LLC lifted its position in UMH Properties by 1,440.7% in the 4th quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 7,391 shares in the last quarter. Finally, Advisor Partners II LLC bought a new stake in shares of UMH Properties in the 3rd quarter worth $145,000. Institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UMH shares. B. Riley initiated coverage on UMH Properties in a research note on Thursday, March 21st. They set a “buy” rating and a $18.50 price target on the stock. 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. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Compass Point increased their price objective on UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, UMH Properties has an average rating of “Hold” and a consensus price target of $19.00.

UMH Properties Stock Performance

Shares of UMH stock remained flat at $15.93 during mid-day trading on Tuesday. 380,803 shares of the company’s stock were exchanged, compared to its average volume of 356,380. UMH Properties has a 12-month low of $13.26 and a 12-month high of $16.85. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $15.62 and a 200-day moving average price of $15.05. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -106.16, a PEG ratio of 2.81 and a beta of 1.24.

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be issued a $0.215 dividend. This is an increase from UMH Properties’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, May 14th. This represents a $0.86 dividend on an annualized basis and a yield of 5.40%. UMH Properties’s dividend payout ratio is -546.63%.

UMH Properties Company 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.