International Assets Investment Management LLC Buys 7,391 Shares of UMH Properties, Inc. (NYSE:UMH)

International Assets Investment Management LLC lifted its stake in shares of UMH Properties, Inc. (NYSE:UMH) by 1,440.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,904 shares of the real estate investment trust’s stock after acquiring an additional 7,391 shares during the quarter. International Assets Investment Management LLC’s holdings in UMH Properties were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in UMH. Spire Wealth Management raised its position in shares of 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 last quarter. Advisor Partners II LLC bought a new position in shares of UMH Properties during the third quarter worth about $145,000. Bfsg LLC bought a new position in shares of UMH Properties during the third quarter worth about $151,000. Fox Run Management L.L.C. bought a new position in shares of UMH Properties during the third quarter worth about $208,000. Finally, Diversified Trust Co bought a new position in shares of UMH Properties during the fourth quarter worth about $209,000. 75.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at UMH Properties

In other UMH Properties news, COO Brett Taft sold 9,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was 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 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 this hyperlink. Insiders own 8.63% of the company’s stock.

UMH Properties Trading Up 1.7 %

Shares of UMH Properties stock opened at $15.93 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 6.52 and a current ratio of 6.52. UMH Properties, Inc. has a 52 week low of $13.26 and a 52 week high of $16.85. The stock has a 50 day moving average price of $15.62 and a two-hundred day moving average price of $15.05. The stock has a market capitalization of $1.10 billion, a PE ratio of -106.19, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24.

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be paid a $0.215 dividend. 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. This is a boost from UMH Properties’s previous quarterly dividend of $0.21. UMH Properties’s dividend payout ratio (DPR) is -546.63%.

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.