UMH Properties (NYSE:UMH) CEO Sells $283,800.00 in Stock

UMH Properties, Inc. (NYSE:UMH) CEO Samuel Landy sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $14.19, for a total transaction of $283,800.00. Following the completion of the sale, the chief executive officer owned 1,054,568 shares in the company, valued at $14,964,319.92. This represents a 1.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

UMH Properties Stock Performance

NYSE:UMH opened at $14.10 on Friday. UMH Properties, Inc. has a 1 year low of $14.02 and a 1 year high of $20.42. The firm has a 50 day moving average of $15.33 and a 200-day moving average of $16.50. 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 stock has a market capitalization of $1.20 billion, a P/E ratio of 100.71, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

UMH Properties (NYSE:UMH) last posted its earnings results 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). UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The firm had revenue of $66.64 million during the quarter, compared to the consensus estimate of $66.07 million. As a group, sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, November 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.4%. UMH Properties’s dividend payout ratio (DPR) is 642.86%.

Institutional Investors Weigh In On UMH Properties

A number of institutional investors have recently made changes to their positions in UMH. KBC Group NV acquired a new stake in shares of UMH Properties during the first quarter worth $32,000. Stone House Investment Management LLC bought a new position in UMH Properties during the 1st quarter worth approximately $34,000. Summit Securities Group LLC bought a new position in UMH Properties during the 1st quarter worth approximately $35,000. Cloud Capital Management LLC bought a new position in UMH Properties during the 1st quarter worth approximately $37,000. Finally, Quantbot Technologies LP bought a new position in UMH Properties during the 2nd quarter worth approximately $52,000. 75.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UMH. Cantor Fitzgerald began coverage on UMH Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $15.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday. Wall Street Zen cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Finally, Wedbush raised shares of UMH Properties to a “hold” rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.