UMH Properties, Inc. (NYSE:UMH) Director Sells $53,928.00 in Stock

UMH Properties, Inc. (NYSE:UMH) Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the sale, the director now directly owns 7,993 shares in the company, valued at $153,945.18. This represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

UMH Properties Stock Performance

Shares of NYSE UMH opened at $19.25 on Friday. UMH Properties, Inc. has a one year low of $13.91 and a one year high of $20.64. The business’s 50-day moving average price is $19.16 and its two-hundred day moving average price is $17.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The company has a market capitalization of $1.52 billion, a P/E ratio of 148.05, a price-to-earnings-growth ratio of 3.46 and a beta of 1.30.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The business had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. During the same period in the previous year, the business posted $0.22 EPS. Analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.215 per share. The ex-dividend date is Friday, November 15th. This represents a $0.86 annualized dividend and a yield of 4.47%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Institutional Trading of UMH Properties

Several hedge funds have recently added to or reduced their stakes in UMH. Concurrent Investment Advisors LLC acquired a new stake in shares of UMH Properties in the third quarter worth $614,000. Bank of New York Mellon Corp raised its position in UMH Properties by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock worth $6,218,000 after purchasing an additional 34,249 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of UMH Properties by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock worth $6,745,000 after buying an additional 41,774 shares in the last quarter. Kennedy Capital Management LLC lifted its position in shares of UMH Properties by 245.9% during the 1st quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock worth $10,789,000 after buying an additional 472,307 shares during the period. Finally, EntryPoint Capital LLC grew its position in UMH Properties by 843.9% in the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,806 shares during the period. Institutional investors own 75.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UMH shares. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. B. Riley lifted their price target on UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Wedbush upped their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.25.

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.