SRS Capital Advisors Inc. Has $33,000 Holdings in UMH Properties, Inc. (NYSE:UMH)

SRS Capital Advisors Inc. raised its holdings in shares of UMH Properties, Inc. (NYSE:UMH) by 382.8% during the 4th quarter, HoldingsChannel reports. The fund owned 2,158 shares of the real estate investment trust’s stock after purchasing an additional 1,711 shares during the period. SRS Capital Advisors Inc.’s holdings in UMH Properties were worth $33,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Strs Ohio increased its stake 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. Arizona State Retirement System raised its holdings in shares of UMH Properties by 5.4% during the fourth quarter. Arizona State Retirement System now owns 17,334 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 894 shares in the last quarter. WealthTrust Axiom LLC boosted its position in UMH Properties by 1.1% during the fourth quarter. WealthTrust Axiom LLC now owns 134,814 shares of the real estate investment trust’s stock valued at $2,065,000 after purchasing an additional 1,500 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in UMH Properties by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 18,897 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Stifel Financial Corp increased its position in UMH Properties by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 122,471 shares of the real estate investment trust’s stock worth $1,717,000 after purchasing an additional 1,530 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insiders Place Their Bets

In other news, COO Brett Taft sold 9,800 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total value of $155,918.00. Following 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 document filed with the SEC, which is available at the SEC website. Company insiders own 8.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

UMH Properties Trading Down 4.3 %

Shares of UMH stock opened at $15.36 on Friday. UMH Properties, Inc. has a 12 month low of $13.26 and a 12 month high of $16.85. The company has a market cap of $1.07 billion, a PE ratio of -102.39, a price-to-earnings-growth ratio of 2.75 and a beta of 1.24. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66. The business’s 50 day moving average is $15.72 and its two-hundred day moving average is $15.08.

UMH Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase 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.