UMH Properties, Inc. (NYSE:UMH – Get Free Report) 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
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.
Get Our Latest Report on UMH Properties
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.
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