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

UMH Properties, Inc. (NYSE:UMH) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 994,800 shares, an increase of 28.1% from the May 31st total of 776,600 shares. Based on an average daily trading volume, of 352,400 shares, the days-to-cover ratio is presently 2.8 days.

UMH Properties Price Performance

UMH opened at $16.04 on Tuesday. UMH Properties has a 12 month low of $13.26 and a 12 month high of $16.85. The company has a debt-to-equity ratio of 1.59, a current ratio of 6.82 and a quick ratio of 6.82. The business has a fifty day moving average price of $15.53 and a 200 day moving average price of $15.43.

Insider Buying and Selling

In related news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the transaction, the chief executive officer now owns 1,149,565 shares in the company, valued at $17,254,970.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other UMH Properties news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total value of $375,250.00. Following the sale, the chief executive officer now owns 1,149,565 shares in the company, valued at $17,254,970.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brett Taft sold 9,800 shares of UMH Properties 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 sale, the chief operating officer now owns 97,049 shares in the company, valued at approximately $1,544,049.59. The disclosure for this sale can be found here. 8.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SRS Capital Advisors Inc. grew 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 worth $33,000 after purchasing an additional 1,711 shares in the last quarter. EntryPoint Capital LLC raised its stake in UMH Properties by 843.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,806 shares during the last quarter. Quadrant Capital Group LLC raised its stake in UMH Properties by 52.7% during the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 1,856 shares during the last quarter. International Assets Investment Management LLC raised its stake in UMH Properties by 1,440.7% during 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 during the last quarter. Finally, New York Life Investment Management LLC purchased a new stake in UMH Properties during the 4th quarter valued at approximately $156,000. 75.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UMH has been the topic of several research analyst reports. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Wednesday, June 12th. Wedbush reiterated a “neutral” rating and issued a $17.00 price objective on shares of UMH Properties in a report on Monday, May 13th. B. Riley reiterated a “buy” rating and issued a $18.50 price objective on shares of UMH Properties in a report on Thursday, May 30th. William Blair reiterated a “neutral” rating on shares of UMH Properties in a report on Monday, May 13th. Finally, Compass Point boosted their price objective on UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.00.

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.