Robotti Robert Increases Holdings in UMH Properties, Inc. (NYSE:UMH)

Robotti Robert raised its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 303,822 shares of the real estate investment trust’s stock after buying an additional 2,730 shares during the period. UMH Properties comprises approximately 0.7% of Robotti Robert’s holdings, making the stock its 25th largest position. Robotti Robert owned approximately 0.43% of UMH Properties worth $4,934,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its stake in shares of UMH Properties by 382.8% in 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 increased its stake in shares of UMH Properties by 843.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,806 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of 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 purchasing an additional 1,856 shares in the last quarter. International Assets Investment Management LLC increased its stake 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 worth $121,000 after buying an additional 7,391 shares in the last quarter. Finally, New York Life Investment Management LLC purchased a new stake in UMH Properties in the 4th quarter worth $156,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

UMH Properties Price Performance

Shares of UMH traded down $0.08 during midday trading on Monday, hitting $17.60. 210,393 shares of the company traded hands, compared to its average volume of 380,144. The firm has a 50 day moving average of $15.99 and a 200-day moving average of $15.68. UMH Properties, Inc. has a 52 week low of $13.26 and a 52 week high of $17.97. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -117.33, a PEG ratio of 3.24 and a beta of 1.29. The company has a debt-to-equity ratio of 1.59, a quick ratio of 6.82 and a current ratio of 6.82.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, August 15th. UMH Properties’s payout ratio is -573.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UMH. B. Riley reiterated a “buy” rating and issued a $18.50 price target on shares of UMH Properties in a research note on Thursday, May 30th. Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of UMH Properties in a research note on Monday, May 13th. William Blair reiterated a “neutral” rating on shares of UMH Properties in a research note on Monday, May 13th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Alliance Global Partners started coverage on shares of UMH Properties in a report on Thursday, July 18th. They set a “buy” rating and a $21.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.50.

Insider Activity at UMH Properties

In related news, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $15.01, for a total value of $375,250.00. Following the completion of the transaction, the chief executive officer now owns 1,149,565 shares of the company’s stock, valued at approximately $17,254,970.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Michael P. Landy acquired 4,700 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was acquired at an average price of $15.45 per share, with a total value of $72,615.00. Following the completion of the purchase, the director now directly owns 341,796 shares in the company, valued at $5,280,748.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Samuel A. Landy sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,149,565 shares of the company’s stock, valued at approximately $17,254,970.65. The disclosure for this sale can be found here. 8.63% of the stock is owned by insiders.

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.