UMH Properties, Inc. (NYSE:UMH) CEO Sells $977,500.00 in Stock

UMH Properties, Inc. (NYSE:UMH) CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the completion of the sale, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

UMH Properties Stock Performance

UMH stock opened at $19.76 on Thursday. The business’s 50-day moving average price is $19.24 and its two-hundred day moving average price is $17.70. UMH Properties, Inc. has a 1-year low of $13.91 and a 1-year high of $20.64. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.56 billion, a PE ratio of 151.97, a P/E/G ratio of 3.52 and a beta of 1.30.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The company had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the prior year, the company earned $0.22 EPS. As a group, research analysts forecast that UMH Properties, Inc. will post 0.92 earnings per share for the current year.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.35%. UMH Properties’s payout ratio is 661.59%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Alliance Global Partners began coverage on UMH Properties in a research report on Thursday, July 18th. They issued a “buy” rating and a $21.00 target price on the stock. B. Riley lifted their price target on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research report on Thursday, August 15th. Finally, Wedbush boosted their target price on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.25.

Hedge Funds Weigh In On UMH Properties

Several hedge funds and other institutional investors have recently modified their holdings of UMH. Swiss National Bank grew its holdings in UMH Properties by 1.9% during the 1st quarter. Swiss National Bank now owns 124,500 shares of the real estate investment trust’s stock worth $2,022,000 after acquiring an additional 2,300 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in UMH Properties in the first quarter valued at $234,000. Sei Investments Co. raised its stake in UMH Properties by 4.2% during the 1st quarter. Sei Investments Co. now owns 385,571 shares of the real estate investment trust’s stock worth $6,262,000 after buying an additional 15,553 shares during the period. ProShare Advisors LLC acquired a new stake in shares of UMH Properties in the 1st quarter worth about $178,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in UMH Properties by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,259 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 11,350 shares during the last quarter. Institutional investors own 75.40% 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.