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UMH Properties, Inc. (NYSE:UMH – Get Free Report) Director William Edward Mitchell sold 75,849 shares of UMH Properties stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $16.32, for a total value of $1,237,855.68. Following the completion of the sale, the director owned 41,368 shares in the company, valued at approximately $675,125.76. This trade represents a 64.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
UMH Properties Stock Performance
Shares of UMH stock opened at $16.26 on Friday. The stock has a fifty day moving average price of $16.81 and a 200 day moving average price of $17.37. The company has a debt-to-equity ratio of 1.08, a quick ratio of 8.56 and a current ratio of 8.56. The stock has a market cap of $1.38 billion, a PE ratio of 116.11, a P/E/G ratio of 2.75 and a beta of 1.13. UMH Properties, Inc. has a 1 year low of $15.74 and a 1 year high of $20.64.
UMH Properties (NYSE:UMH – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). UMH Properties had a return on equity of 5.19% and a net margin of 12.18%. The firm had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.07 million. Sell-side analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.
UMH Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, August 15th. UMH Properties’s dividend payout ratio is 642.86%.
Analyst Ratings Changes
A number of equities research analysts have commented on UMH shares. B. Riley reissued a “buy” rating on shares of UMH Properties in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Wedbush upgraded shares of UMH Properties to a “hold” rating in a research note on Wednesday, July 2nd. Finally, Maxim Group lowered their target price on shares of UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, May 5th.
Check Out Our Latest Research Report on UMH Properties
Institutional Trading of UMH Properties
Several institutional investors and hedge funds have recently modified their holdings of UMH. Capital Research Global Investors increased its position in UMH Properties by 124.5% during the 4th quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust’s stock worth $76,121,000 after purchasing an additional 2,236,080 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of UMH Properties during the 4th quarter worth about $23,396,000. Nuveen LLC purchased a new stake in shares of UMH Properties during the first quarter worth about $19,209,000. Alliancebernstein L.P. grew its holdings in shares of UMH Properties by 1,091.0% during the first quarter. Alliancebernstein L.P. now owns 896,183 shares of the real estate investment trust’s stock worth $16,759,000 after buying an additional 820,934 shares in the last quarter. Finally, Strs Ohio raised its position in shares of UMH Properties by 3,361.8% in the second quarter. Strs Ohio now owns 470,800 shares of the real estate investment trust’s stock valued at $7,905,000 after buying an additional 457,200 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.
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.
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