UMH Properties, Inc. (NYSE:UMH) Short Interest Down 17.6% in November

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

Insider Transactions at UMH Properties

In related news, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction dated 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 in the company, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the sale, the chief executive officer now directly owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 53,845 shares of company stock valued at $1,051,210. Corporate insiders own 8.63% of the company’s stock.

Hedge Funds Weigh In On UMH Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in UMH Properties by 2.2% during the third quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 663 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 698 shares in the last quarter. Diversified Trust Co lifted its holdings in UMH Properties by 7.2% during the 2nd quarter. Diversified Trust Co now owns 15,212 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 1,024 shares during the last quarter. Arizona State Retirement System boosted its position in UMH Properties by 6.4% in the second quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 1,111 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its stake in shares of UMH Properties by 2.4% in the second quarter. Cornercap Investment Counsel Inc. now owns 48,046 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 1,124 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

UMH Properties Trading Up 0.8 %

Shares of UMH stock traded up $0.16 during trading hours on Monday, hitting $19.53. 257,449 shares of the company were exchanged, compared to its average volume of 415,260. The firm has a fifty day moving average of $19.09 and a 200 day moving average of $18.28. The firm has a market cap of $1.54 billion, a PE ratio of 149.00, a PEG ratio of 3.47 and a beta of 1.29. UMH Properties has a 1 year low of $14.09 and a 1 year high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.

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

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is presently 661.54%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

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.