UMH Properties (NYSE:UMH) Director Acquires $29,840.00 in Stock

UMH Properties, Inc. (NYSE:UMH) Director William Edward Mitchell acquired 2,000 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $14.92 per share, with a total value of $29,840.00. Following the completion of the transaction, the director directly owned 28,737 shares of the company’s stock, valued at $428,756.04. This trade represents a 7.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

William Edward Mitchell also recently made the following trade(s):

• On Monday, November 10th, William Edward Mitchell sold 2,000 shares of UMH Properties stock. The shares were sold at an average price of $15.00, for a total value of $30,000.00.

UMH Properties Trading Down 2.1%

Shares of UMH Properties stock traded down $0.33 during trading hours on Monday, hitting $14.92. The company’s stock had a trading volume of 449,853 shares, compared to its average volume of 494,938. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 106.61, a P/E/G ratio of 2.49 and a beta of 1.06. 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, Inc. has a twelve month low of $13.95 and a twelve month high of $20.03. The firm has a fifty day moving average of $14.70 and a 200-day moving average of $15.88.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $68.70 million. Research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 17th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, November 17th. UMH Properties’s payout ratio is 1,125.00%.

Institutional Investors Weigh In On UMH Properties

Several institutional investors have recently added to or reduced their stakes in UMH. Aberdeen Group plc increased its stake in UMH Properties by 3.6% in the first quarter. Aberdeen Group plc now owns 19,132 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 668 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of UMH Properties by 2.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 671 shares during the last quarter. Deutsche Bank AG grew its position in shares of UMH Properties by 0.8% in the 1st quarter. Deutsche Bank AG now owns 82,605 shares of the real estate investment trust’s stock valued at $1,545,000 after buying an additional 682 shares during the last quarter. Arizona State Retirement System raised its stake in UMH Properties by 3.3% during the 3rd quarter. Arizona State Retirement System now owns 23,634 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 746 shares in the last quarter. Finally, Keybank National Association OH lifted its position in UMH Properties by 3.1% in the second quarter. Keybank National Association OH now owns 24,981 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 762 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. B. Riley lowered their price objective on shares of UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Monday. Cantor Fitzgerald started coverage on UMH Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $15.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, UMH Properties currently has an average rating of “Hold” and a consensus target price of $18.50.

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.