Dividend Alert: Can UMH Properties, Inc. (NYSE:UMH) truly back claims of $0.18 dividends by Dec 15, 2016?

Dividend Alert: Can UMH Properties, Inc. (NYSE:UMH) truly back claims of $0.18 dividends by Dec 15, 2016?

UMH Properties, Inc. (NYSE:UMH) is expected to pay $0.18 on Dec 15, 2016. The indicated annual dividend is $0.72. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on UMH Properties, Inc.’s current price of $12.23, the dividend is 1.47%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 3, 2016. The stock increased 1.16% or $0.14 during the last trading session, hitting $12.23. UMH Properties, Inc (NYSE:UMH) has risen 27.26% since April 7, 2016 and is uptrending. It has outperformed by 22.48% the S&P500.

UMH Properties, Inc. operates as a real estate investment trust . The company has a market cap of $348.43 million. The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. It currently has negative earnings. It also leases homes to residents, and through its REIT subsidiary, UMH Sales and Finance, Inc. (S&F), the Company sells and finances the sale of manufactured homes in its communities.

Insitutional Activity: The institutional sentiment increased to 1.69 in 2016 Q2. Its up 0.21, from 1.48 in 2016Q1. The ratio improved, as 5 funds sold all UMH Properties, Inc shares owned while 21 reduced positions. 11 funds bought stakes while 33 increased positions. They now own 11.44 million shares or 4.09% more from 10.99 million shares in 2016Q1.
Teachers Advsrs has 0% invested in the company for 36,761 shares. Barclays Public Ltd holds 0% or 1,100 shares in its portfolio. Connors Investor Ser accumulated 26,913 shares or 0.06% of the stock. Nationwide Fund Advsrs last reported 0% of its portfolio in the stock. The New York-based Millennium Lc has invested 0% in UMH Properties, Inc (NYSE:UMH). Strs Ohio owns 43,452 shares or 0% of their US portfolio. Manufacturers Life The owns 24,029 shares or 0% of their US portfolio. Creative Planning owns 2,149 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys reported 10,715 shares or 0% of all its holdings. Jpmorgan Chase And owns 28,496 shares or 0% of their US portfolio. Moreover, Renaissance Technologies Limited has 0.01% invested in UMH Properties, Inc (NYSE:UMH) for 454,800 shares. Diam Ltd holds 0.01% of its portfolio in UMH Properties, Inc (NYSE:UMH) for 57,761 shares. Arcadia Corporation Mi accumulated 2,700 shares or 0.01% of the stock. Credit Suisse Ag accumulated 11,410 shares or 0% of the stock. Wells Fargo & Communications Mn holds 0.01% of its portfolio in UMH Properties, Inc (NYSE:UMH) for 1.75M shares.

Insider Transactions: Since May 10, 2016, the stock had 7 insider purchases, and 0 sales for $475,423 net activity. The insider LANDY EUGENE W bought $10,460. MITCHELL JAMES E had bought 5,000 shares worth $49,250 on Friday, May 13. 899 shares were bought by HIRSCH MATTHEW I, worth $10,001. Koster Craig had bought 500 shares worth $4,968 on Tuesday, May 10. On Friday, May 27 the insider MONMOUTH REAL ESTATE INVESTMENT CORP bought $99,336.

More notable recent UMH Properties, Inc (NYSE:UMH) news were published by: Prnewswire.com which released: “UMH Properties, Inc. Reports 3rd Quarter 2016 Earnings” on November 08, 2016, also Prnewswire.com with their article: “UMH Properties, Inc. Announces New Mortgage Loans” published on November 01, 2016, Prnewswire.com published: “UMH Properties, Inc. Reports 2nd Quarter 2016 Earnings” on August 04, 2016. More interesting news about UMH Properties, Inc (NYSE:UMH) were released by: Prnewswire.com and their article: “UMH Properties, Inc. Receives The Manufactured Housing Institute’s Community …” published on May 05, 2016 as well as Prnewswire.com‘s news article titled: “UMH Properties, Inc. Prices Public Offering of 8.0% Series B Cumulative …” with publication date: April 01, 2016.

UMH Company Profile

UMH Properties, Inc., incorporated on June 20, 2003, operates as a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Firm also leases homes to residents, and through its REIT subsidiary, UMH Sales and Finance, Inc. (S&F), the Company sells and finances the sale of manufactured homes in its communities. The Firm owns and operates approximately 100 manufactured home communities containing over 17,800 developed sites. The communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. The Company’s focus is on real estate investments.

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