Insider Buying: UMH Properties (NYSE:UMH) Director Purchases 10,000 Shares of Stock

UMH Properties, Inc. (NYSE:UMH) Director Michael Landy acquired 10,000 shares of the stock in a transaction dated Monday, September 29th. The shares were bought at an average cost of $14.46 per share, with a total value of $144,600.00. Following the completion of the purchase, the director directly owned 362,052 shares in the company, valued at approximately $5,235,271.92. This trade represents a 2.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

UMH Properties Trading Down 0.4%

Shares of NYSE UMH traded down $0.06 during trading on Monday, hitting $14.67. 653,901 shares of the company traded hands, compared to its average volume of 458,289. UMH Properties, Inc. has a 1 year low of $14.37 and a 1 year high of $20.42. The company has a 50-day moving average price of $15.79 and a 200-day moving average price of $16.74. The firm has a market capitalization of $1.25 billion, a P/E ratio of 104.82, a P/E/G ratio of 2.52 and a beta of 1.07. The company has a quick ratio of 8.56, a current ratio of 8.56 and a debt-to-equity ratio of 1.08.

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

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Friday, August 15th. UMH Properties’s dividend payout ratio is 642.86%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UMH shares. Wedbush raised shares of UMH Properties to a “hold” rating in a research report on Wednesday, July 2nd. Wall Street Zen lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.

Institutional Investors Weigh In On UMH Properties

A number of institutional investors have recently modified their holdings of UMH. KBC Group NV acquired a new stake in shares of UMH Properties in the 1st quarter valued at about $32,000. Stone House Investment Management LLC acquired a new stake in UMH Properties during the first quarter worth about $34,000. Summit Securities Group LLC acquired a new stake in UMH Properties during the first quarter worth about $35,000. Cloud Capital Management LLC acquired a new stake in UMH Properties during the first quarter worth about $37,000. Finally, Quantbot Technologies LP acquired a new stake in UMH Properties during the second quarter worth about $52,000. 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.