Strs Ohio Raises Position in UMH Properties, Inc. (NYSE:UMH)

Strs Ohio grew its position in UMH Properties, Inc. (NYSE:UMH) by 6.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,200 shares of the real estate investment trust’s stock after buying an additional 700 shares during the period. Strs Ohio’s holdings in UMH Properties were worth $186,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UMH. Spire Wealth Management raised its holdings in UMH Properties by 177.8% in the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,125 shares during the last quarter. International Assets Investment Management LLC raised its holdings in UMH Properties by 1,440.7% in 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 buying an additional 7,391 shares during the last quarter. Advisor Partners II LLC purchased a new position in shares of UMH Properties during the third quarter valued at approximately $145,000. Fox Run Management L.L.C. purchased a new position in shares of UMH Properties during the third quarter valued at approximately $208,000. Finally, Diversified Trust Co purchased a new position in shares of UMH Properties during the fourth quarter valued at approximately $209,000. 75.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at UMH Properties

In other UMH Properties news, COO Brett Taft sold 9,800 shares of the company’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 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 $1,544,049.59. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.63% of the stock is owned by corporate insiders.

UMH Properties Price Performance

Shares of UMH stock opened at $15.93 on Wednesday. UMH Properties, Inc. has a 12 month low of $13.26 and a 12 month high of $16.85. The stock has a market cap of $1.10 billion, a P/E ratio of -106.16, a P/E/G ratio of 2.81 and a beta of 1.24. The company has a current ratio of 6.52, a quick ratio of 6.52 and a debt-to-equity ratio of 1.66. The company has a 50 day simple moving average of $15.62 and a two-hundred day simple moving average of $15.05.

UMH Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.215 per share. This is a boost from UMH Properties’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Tuesday, May 14th. UMH Properties’s dividend payout ratio is currently -546.63%.

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.