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

UMH Properties, Inc. (NYSE:UMH) saw a large drop in short interest during 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 days-to-cover ratio is currently 2.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note 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’s 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, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the transaction, the chief executive officer now directly owns 1,104,826 shares in the company, valued at $21,599,348.30. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the transaction, the director now directly owns 7,993 shares in the company, valued at $153,945.18. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,845 shares of company stock worth $1,051,210 in the last quarter. 8.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new stake in UMH Properties in the third quarter valued at $675,000. Concurrent Investment Advisors LLC acquired a new position in shares of UMH Properties during the third quarter valued at $614,000. Charles Schwab Investment Management Inc. raised its stake in shares of UMH Properties by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock valued at $18,505,000 after purchasing an additional 56,662 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in UMH Properties by 9.7% in the second 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 during the period. Finally, Envestnet Asset Management Inc. grew its position in UMH Properties by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock valued at $6,745,000 after buying an additional 41,774 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Performance

Shares of NYSE UMH traded down $0.10 during trading on Friday, reaching $19.37. The stock had a trading volume of 365,024 shares, compared to its average volume of 495,856. The firm’s 50 day moving average price is $19.09 and its two-hundred day moving average price is $18.26. UMH Properties has a one year low of $14.09 and a one year high of $20.64. The stock has a market cap of $1.53 billion, a PE ratio of 149.01, a P/E/G ratio of 3.47 and a beta of 1.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties (NYSE:UMH) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of $60.67 million for the quarter, compared to analyst estimates of $61.57 million. During the same period last year, the company posted $0.22 earnings per share. On average, research analysts forecast that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The business also recently declared 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. This represents a $0.86 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is 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.