Samuel Landy Sells 22,100 Shares of UMH Properties (NYSE:UMH) Stock

UMH Properties, Inc. (NYSE:UMH) CEO Samuel Landy sold 22,100 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $14.76, for a total transaction of $326,196.00. Following the completion of the sale, the chief executive officer directly owned 1,074,568 shares of the company’s stock, valued at $15,860,623.68. This represents a 2.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

UMH Properties Stock Performance

NYSE UMH traded down $0.02 during trading on Monday, reaching $14.71. The company’s stock had a trading volume of 1,014,045 shares, compared to its average volume of 460,428. The company has a current ratio of 8.56, a quick ratio of 8.56 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 105.04, a price-to-earnings-growth ratio of 2.52 and a beta of 1.07. UMH Properties, Inc. has a 12 month low of $14.37 and a 12 month high of $20.42. The firm has a 50 day moving average price of $15.79 and a 200 day moving average price of $16.74.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $66.64 million during the quarter, compared to the consensus estimate of $66.07 million. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. As a group, equities analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.225 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.90 annualized dividend and a dividend yield of 6.1%. UMH Properties’s payout ratio is presently 642.86%.

Hedge Funds Weigh In On UMH Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in UMH Properties during the 1st quarter worth approximately $19,209,000. Alliancebernstein L.P. grew its holdings in UMH Properties by 1,091.0% during the 1st quarter. Alliancebernstein L.P. now owns 896,183 shares of the real estate investment trust’s stock worth $16,759,000 after acquiring an additional 820,934 shares during the last quarter. Strs Ohio grew its holdings in UMH Properties by 3,361.8% during the 2nd quarter. Strs Ohio now owns 470,800 shares of the real estate investment trust’s stock worth $7,905,000 after acquiring an additional 457,200 shares during the last quarter. Cherokee Insurance Co bought a new stake in UMH Properties during the 2nd quarter worth approximately $6,366,000. Finally, American Century Companies Inc. grew its holdings in UMH Properties by 13.5% during the 2nd quarter. American Century Companies Inc. now owns 2,389,308 shares of the real estate investment trust’s stock worth $40,116,000 after acquiring an additional 283,700 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UMH. Wedbush upgraded shares of UMH Properties to a “hold” rating in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.25.

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.