Samuel A. Landy Sells 25,000 Shares of UMH Properties, Inc. (NYSE:UMH) Stock

UMH Properties, Inc. (NYSE:UMH) CEO Samuel A. Landy sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $17.11, for a total value of $427,750.00. Following the completion of the transaction, the chief executive officer now owns 1,165,265 shares in the company, valued at approximately $19,937,684.15. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

UMH Properties Stock Down 0.8%

Shares of NYSE:UMH opened at $17.03 on Wednesday. UMH Properties, Inc. has a 52-week low of $14.73 and a 52-week high of $20.64. The stock has a market cap of $1.43 billion, a P/E ratio of 131.01, a PEG ratio of 2.93 and a beta of 1.14. The business has a fifty day moving average of $17.59 and a two-hundred day moving average of $18.27. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $62.82 million. On average, research analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The company 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 $0.225 dividend. This is a boost from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.28%. UMH Properties’s dividend payout ratio is 750.00%.

Analysts Set New Price Targets

Several research analysts recently commented on UMH shares. StockNews.com downgraded UMH Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. B. Riley reiterated a “buy” rating on shares of UMH Properties in a research report on Tuesday, May 13th. Finally, Maxim Group lowered their price target on shares of UMH Properties from $22.00 to $20.50 and set a “buy” rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Institutional Trading of UMH Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in UMH. Vanguard Group Inc. lifted its holdings in UMH Properties by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock valued at $141,722,000 after acquiring an additional 799,798 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of UMH Properties by 1.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,324,531 shares of the real estate investment trust’s stock valued at $99,569,000 after purchasing an additional 73,196 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of UMH Properties by 124.5% during the 4th quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust’s stock worth $76,121,000 after purchasing an additional 2,236,080 shares during the period. Copeland Capital Management LLC grew its holdings in shares of UMH Properties by 2.4% during the 4th quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust’s stock worth $53,401,000 after purchasing an additional 67,353 shares during the period. Finally, American Century Companies Inc. increased its position in shares of UMH Properties by 0.5% during the 1st quarter. American Century Companies Inc. now owns 2,105,608 shares of the real estate investment trust’s stock worth $39,375,000 after purchasing an additional 10,602 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

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.