Wealthcare Advisory Partners LLC Raises Holdings in UMH Properties, Inc. (NYSE:UMH)

Wealthcare Advisory Partners LLC grew its position in shares of UMH Properties, Inc. (NYSE:UMH) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,615 shares of the real estate investment trust’s stock after buying an additional 1,090 shares during the period. Wealthcare Advisory Partners LLC’s holdings in UMH Properties were worth $254,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. lifted its position in shares of 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 buying an additional 1,711 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of UMH Properties by 52.7% during the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 1,856 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of UMH Properties by 1,440.7% during the 4th quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 7,391 shares during the last quarter. New York Life Investment Management LLC purchased a new position in shares of UMH Properties during the 4th quarter valued at $156,000. Finally, Strs Ohio raised its stake in shares of UMH Properties by 6.1% during the 4th quarter. Strs Ohio now owns 12,200 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

UMH Properties Price Performance

Shares of NYSE UMH opened at $16.04 on Tuesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of -106.93, a P/E/G ratio of 2.93 and a beta of 1.29. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.59. The stock’s 50-day simple moving average is $15.53 and its two-hundred day simple moving average is $15.43. UMH Properties, Inc. has a twelve month low of $13.26 and a twelve month high of $16.85.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $18.50 price objective on shares of UMH Properties in a research note on Thursday, May 30th. William Blair reiterated a “neutral” rating on shares of UMH Properties in a research note on Monday, May 13th. Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of UMH Properties in a research note on Monday, May 13th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, June 12th. Finally, Compass Point boosted their price objective on UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a research note on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.00.

Insiders Place Their Bets

In other UMH Properties news, CEO Samuel A. Landy sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total value of $375,250.00. Following the transaction, the chief executive officer now directly owns 1,149,565 shares in the company, valued at approximately $17,254,970.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Samuel A. Landy sold 25,000 shares of the 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 transaction, the chief executive officer now directly owns 1,149,565 shares in the company, valued at approximately $17,254,970.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Landy acquired 4,700 shares of UMH Properties stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average price of $15.45 per share, for a total transaction of $72,615.00. Following the completion of the transaction, the director now directly owns 341,796 shares in the company, valued at approximately $5,280,748.20. The disclosure for this purchase can be found here. Corporate insiders own 8.63% of the company’s stock.

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.