UMH PROPERTIES/SH SH (NYSE:UMH) Director Matthew I. Hirsch acquired 1,000 shares of the stock in a transaction dated Thursday, December 6th. The shares were purchased at an average price of $12.77 per share, for a total transaction of $12,770.00. Following the completion of the purchase, the director now directly owns 18,661 shares in the company, valued at $238,300.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Matthew I. Hirsch also recently made the following trade(s):

  • On Thursday, November 15th, Matthew I. Hirsch acquired 808 shares of UMH PROPERTIES/SH SH stock. The shares were purchased at an average price of $12.38 per share, for a total transaction of $10,003.04.

Shares of UMH PROPERTIES/SH SH stock traded down $0.07 during trading on Friday, hitting $13.07. 11,847 shares of the stock were exchanged, compared to its average volume of 159,061. The firm has a market capitalization of $483.63 million, a PE ratio of 18.41, a P/E/G ratio of 1.75 and a beta of 0.48. UMH PROPERTIES/SH SH has a 1-year low of $11.38 and a 1-year high of $16.69. The company has a debt-to-equity ratio of 2.44, a current ratio of 4.12 and a quick ratio of 4.12.

UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.28). The firm had revenue of $33.45 million for the quarter, compared to analyst estimates of $32.20 million. UMH PROPERTIES/SH SH had a negative return on equity of 14.43% and a negative net margin of 19.73%. As a group, analysts expect that UMH PROPERTIES/SH SH will post 0.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 5.51%. UMH PROPERTIES/SH SH’s dividend payout ratio is presently 101.41%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. ValuEngine upgraded shares of UMH PROPERTIES/SH SH from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. B. Riley lowered their price objective on shares of UMH PROPERTIES/SH SH from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Finally, Boenning Scattergood set a $20.00 price objective on shares of UMH PROPERTIES/SH SH and gave the stock a “buy” rating in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $17.33.

Several institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in shares of UMH PROPERTIES/SH SH during the 2nd quarter worth about $139,000. State of Alaska Department of Revenue bought a new stake in shares of UMH PROPERTIES/SH SH during the 3rd quarter worth about $166,000. SG Americas Securities LLC bought a new stake in shares of UMH PROPERTIES/SH SH during the 2nd quarter worth about $228,000. Aperio Group LLC bought a new stake in shares of UMH PROPERTIES/SH SH during the 2nd quarter worth about $252,000. Finally, Fiduciary Group LLC bought a new stake in shares of UMH PROPERTIES/SH SH during the 3rd quarter worth about $266,000. Institutional investors own 54.82% of the company’s stock.

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UMH PROPERTIES/SH SH Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 115 manufactured home communities containing approximately 20,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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Insider Buying and Selling by Quarter for UMH PROPERTIES/SH SH (NYSE:UMH)

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