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

Robotti Robert increased its position in UMH Properties, Inc. (NYSE:UMH) by 0.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 303,822 shares of the real estate investment trust’s stock after buying an additional 2,730 shares during the quarter. UMH Properties comprises 0.7% of Robotti Robert’s holdings, making the stock its 25th largest position. Robotti Robert’s holdings in UMH Properties were worth $4,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. boosted its stake in UMH Properties by 382.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,711 shares during the last quarter. EntryPoint Capital LLC raised its holdings in shares of UMH Properties by 843.9% during the first 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 during the period. Quadrant Capital Group LLC raised its holdings in shares of UMH Properties by 52.7% during the fourth 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 during the period. International Assets Investment Management LLC increased its holdings in shares of 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 acquiring an additional 7,391 shares during the period. Finally, New York Life Investment Management LLC acquired a new stake in shares of UMH Properties in the 4th quarter worth about $156,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other UMH Properties news, Director Michael P. Landy acquired 4,700 shares of UMH Properties stock in a transaction dated Tuesday, June 18th. The stock was bought at an average price of $15.45 per share, for a total transaction of $72,615.00. Following the transaction, the director now owns 341,796 shares in the company, valued at approximately $5,280,748.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Michael P. Landy bought 4,700 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of $15.45 per share, for a total transaction of $72,615.00. Following the completion of the acquisition, the director now directly owns 341,796 shares in the company, valued at approximately $5,280,748.20. The purchase was disclosed in a document filed with the SEC, which is available at 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 transaction, the chief executive officer now owns 1,149,565 shares of the company’s stock, valued at $17,254,970.65. The disclosure for this sale can be found here. Insiders own 8.63% of the company’s stock.

Wall Street Analyst Weigh In

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

UMH Properties Price Performance

UMH traded down $0.08 on Monday, reaching $17.60. The company had a trading volume of 210,393 shares, compared to its average volume of 380,144. The company has a fifty day moving average of $15.99 and a 200-day moving average of $15.68. The company has a market capitalization of $1.24 billion, a P/E ratio of -117.33, a PEG ratio of 3.24 and a beta of 1.29. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.59. UMH Properties, Inc. has a one year low of $13.26 and a one year high of $17.97.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.89%. UMH Properties’s dividend payout ratio (DPR) is -573.30%.

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.