Insider Selling: UMH Properties, Inc. (NYSE:UMH) Director Sells $677,159.56 in Stock

UMH Properties, Inc. (NYSE:UMH) Director William Edward Mitchell sold 39,974 shares of UMH Properties stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.94, for a total transaction of $677,159.56. Following the completion of the transaction, the director now directly owns 115,627 shares in the company, valued at $1,958,721.38. This trade represents a 25.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, May 8th, William Edward Mitchell sold 70,852 shares of UMH Properties stock. The stock was sold at an average price of $17.20, for a total transaction of $1,218,654.40.

UMH Properties Trading Up 1.0%

NYSE:UMH opened at $17.20 on Monday. 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 firm has a 50-day moving average of $17.62 and a 200-day moving average of $18.28. The company has a market cap of $1.45 billion, a PE ratio of 132.34, a PEG ratio of 2.93 and a beta of 1.14. UMH Properties, Inc. has a one year low of $14.73 and a one year high of $20.64.

UMH Properties (NYSE:UMH) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of $61.23 million for the quarter, compared to analysts’ expectations of $62.82 million. As a group, equities research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.23%. This is a positive change from UMH Properties’s previous quarterly dividend of $0.22. UMH Properties’s dividend payout ratio (DPR) is presently 750.00%.

Institutional Investors Weigh In On UMH Properties

Several large investors have recently modified their holdings of the stock. Swiss National Bank grew its stake in UMH Properties by 12.4% in the 4th quarter. Swiss National Bank now owns 146,800 shares of the real estate investment trust’s stock valued at $2,772,000 after buying an additional 16,200 shares in the last quarter. Barclays PLC grew its stake in UMH Properties by 101.1% in the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock valued at $3,155,000 after buying an additional 80,660 shares in the last quarter. Geode Capital Management LLC grew its stake in UMH Properties by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 1,838,555 shares of the real estate investment trust’s stock valued at $34,719,000 after buying an additional 134,761 shares in the last quarter. William Blair Investment Management LLC grew its stake in UMH Properties by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,992,420 shares of the real estate investment trust’s stock valued at $37,617,000 after buying an additional 48,480 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in UMH Properties by 43.5% in the 4th quarter. SG Americas Securities LLC now owns 36,228 shares of the real estate investment trust’s stock valued at $684,000 after buying an additional 10,984 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UMH. Maxim Group decreased their target price on shares of UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a research note on Monday, May 5th. B. Riley reissued a “buy” rating on shares of UMH Properties in a research note on Tuesday, May 13th. Finally, StockNews.com cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.00.

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.