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 currently 2.8 days.

Insider Transactions at UMH Properties

In related news, COO Brett Taft sold 9,800 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 97,049 shares of the company’s stock, valued at $1,544,049.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Brett Taft sold 9,800 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 97,049 shares of the company’s stock, valued at $1,544,049.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Samuel A. Landy sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were 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 in the company, valued at $17,254,970.65. The disclosure for this sale can be found here. Insiders own 8.63% of the company’s stock.

Institutional Trading of UMH Properties

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in UMH Properties by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock valued at $100,212,000 after acquiring an additional 629,427 shares in the last quarter. American Century Companies Inc. boosted its holdings in UMH Properties by 29.5% in the third quarter. American Century Companies Inc. now owns 2,532,194 shares of the real estate investment trust’s stock valued at $35,501,000 after acquiring an additional 576,304 shares in the last quarter. Private Management Group Inc. boosted its holdings in UMH Properties by 27.1% in the fourth quarter. Private Management Group Inc. now owns 1,316,789 shares of the real estate investment trust’s stock valued at $20,173,000 after acquiring an additional 280,436 shares in the last quarter. Jennison Associates LLC boosted its holdings in UMH Properties by 0.4% in the first quarter. Jennison Associates LLC now owns 1,305,618 shares of the real estate investment trust’s stock valued at $21,203,000 after acquiring an additional 5,015 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in UMH Properties by 24.1% in the first quarter. Raymond James & Associates now owns 825,371 shares of the real estate investment trust’s stock valued at $13,404,000 after acquiring an additional 160,503 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

UMH Properties Trading Up 0.3 %

NYSE:UMH opened at $16.04 on Tuesday. The firm’s fifty day simple moving average is $15.53 and its 200 day simple moving average is $15.43. UMH Properties has a twelve month low of $13.26 and a twelve month high of $16.85. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.59.

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.