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

UMH Properties, Inc. (NYSE:UMH) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 931,300 shares, a drop of 17.6% from the November 15th total of 1,130,000 shares. Based on an average daily volume of 451,900 shares, the short-interest ratio is presently 2.1 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, UMH Properties presently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

Insider Buying and Selling at UMH Properties

In other news, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the sale, the director now directly owns 7,993 shares of the company’s stock, valued at $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,104,826 shares in the company, valued at $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,845 shares of company stock valued at $1,051,210. Company insiders own 8.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. acquired a new position in UMH Properties during the 3rd quarter worth $675,000. Concurrent Investment Advisors LLC acquired a new position in UMH Properties during the 3rd quarter worth $614,000. Charles Schwab Investment Management Inc. grew its stake in UMH Properties by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock worth $18,505,000 after purchasing an additional 56,662 shares in the last quarter. Bank of New York Mellon Corp grew its stake in UMH Properties by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock worth $6,218,000 after purchasing an additional 34,249 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in UMH Properties by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock worth $6,745,000 after purchasing an additional 41,774 shares in the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

UMH Properties Trading Down 0.5 %

NYSE:UMH traded down $0.10 on Friday, reaching $19.37. The company’s stock had a trading volume of 365,024 shares, compared to its average volume of 416,043. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 149.01, a price-to-earnings-growth ratio of 3.46 and a beta of 1.29. UMH Properties has a 12-month low of $14.09 and a 12-month high of $20.64. The stock has a 50 day moving average price of $19.09 and a 200 day moving average price of $18.23.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). The firm had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, equities analysts anticipate that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.44%. UMH Properties’s dividend payout ratio is presently 661.59%.

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.