UMH Properties (NYSE:UMH) Director William Edward Mitchell Sells 2,000 Shares

UMH Properties, Inc. (NYSE:UMH) Director William Edward Mitchell sold 2,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $15.00, for a total value of $30,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

UMH Properties Price Performance

NYSE:UMH traded up $0.01 during trading hours on Thursday, reaching $15.17. The stock had a trading volume of 47,147 shares, compared to its average volume of 488,563. The stock has a market capitalization of $1.29 billion, a PE ratio of 108.26, a PEG ratio of 2.49 and a beta of 1.06. UMH Properties, Inc. has a 52 week low of $13.95 and a 52 week high of $20.03. The company has a 50 day moving average price of $14.73 and a two-hundred day moving average price of $16.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 8.56 and a current ratio of 8.56.

UMH Properties (NYSE:UMH) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The firm had revenue of $66.92 million during the quarter, compared to analyst estimates of $68.70 million. As a group, sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.9%. UMH Properties’s dividend payout ratio (DPR) is presently 1,125.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UMH. Cantor Fitzgerald initiated coverage on UMH Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $15.00 price objective on the stock. Wall Street Zen downgraded UMH Properties from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UMH. Stone House Investment Management LLC bought a new position in UMH Properties in the first quarter worth approximately $34,000. Summit Securities Group LLC bought a new stake in shares of UMH Properties in the first quarter valued at about $35,000. Cloud Capital Management LLC bought a new stake in shares of UMH Properties in the third quarter valued at about $29,000. KBC Group NV grew its holdings in UMH Properties by 74.0% during the 2nd quarter. KBC Group NV now owns 3,005 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,278 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in UMH Properties during the 2nd quarter worth about $52,000. 75.40% of the stock is currently owned by institutional investors.

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.