WealthTrust Axiom LLC Boosts Stock Position in UMH Properties, Inc. (NYSE:UMH)

WealthTrust Axiom LLC increased its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 1.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 134,814 shares of the real estate investment trust’s stock after acquiring an additional 1,500 shares during the period. WealthTrust Axiom LLC’s holdings in UMH Properties were worth $2,065,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Spire Wealth Management raised its position in UMH Properties by 177.8% during the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,125 shares during the period. International Assets Investment Management LLC increased its position in UMH Properties by 1,440.7% during the fourth quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 7,391 shares during the last quarter. Advisor Partners II LLC purchased a new stake in shares of UMH Properties during the 3rd quarter valued at approximately $145,000. Bfsg LLC purchased a new stake in UMH Properties in the third quarter valued at $151,000. Finally, Strs Ohio raised its holdings in UMH Properties by 6.1% in the 4th quarter. Strs Ohio now owns 12,200 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Up 0.4 %

UMH Properties stock traded up $0.07 during mid-day trading on Tuesday, reaching $16.00. 234,191 shares of the company’s stock were exchanged, compared to its average volume of 354,537. The company has a market cap of $1.11 billion, a P/E ratio of -106.19, a P/E/G ratio of 2.81 and a beta of 1.24. The company has a fifty day moving average of $15.62 and a 200-day moving average of $15.05. UMH Properties, Inc. has a twelve month low of $13.26 and a twelve month high of $16.85. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66.

UMH Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 5.38%. The ex-dividend date is Tuesday, May 14th. This is a boost from UMH Properties’s previous quarterly dividend of $0.21. UMH Properties’s dividend payout ratio (DPR) is presently -546.63%.

Insiders Place Their Bets

In other news, 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 transaction of $155,918.00. Following the completion of the sale, the chief operating officer now directly owns 97,049 shares of the company’s stock, valued at approximately $1,544,049.59. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on UMH shares. Compass Point upped their price objective on shares of UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a report on Thursday, March 21st. B. Riley began coverage on UMH Properties in a research note on Thursday, March 21st. They set a “buy” rating and a $18.50 price target on the stock. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wedbush reissued a “neutral” rating and set a $17.00 target price on shares of UMH Properties in a research note on Monday, March 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.00.

UMH Properties 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.