UMH Properties, Inc. (NYSE:UMH – Get Free Report) Director William Mitchell purchased 1,300 shares of UMH Properties stock in a transaction on Friday, September 25th. The stock was bought at an average cost of $15.30 per share, with a total value of $19,890.00. Following the completion of the acquisition, the director owned 36,828 shares in the company, valued at approximately $563,468.40. This trade represents a 3.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
William Edward Mitchell also recently made the following trade(s):
- On Tuesday, September 15th, William Mitchell acquired 67 shares of UMH Properties stock. The shares were bought at an average price of $14.88 per share, for a total transaction of $996.96.
- On Monday, August 17th, William Mitchell acquired 64 shares of UMH Properties stock. The shares were bought at an average price of $15.62 per share, for a total transaction of $999.68.
UMH Properties Stock Up 0.6%
Shares of UMH opened at $15.41 on Friday. The company has a 50-day simple moving average of $15.88 and a 200-day simple moving average of $15.41. The firm has a market capitalization of $1.32 billion, a P/E ratio of 128.46 and a beta of 0.97. The company has a debt-to-equity ratio of 1.28, a quick ratio of 6.90 and a current ratio of 6.90. UMH Properties, Inc. has a 52 week low of $13.93 and a 52 week high of $16.77.
UMH Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 17th were given a $0.2250 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.8%. UMH Properties’s dividend payout ratio (DPR) is currently 750.00%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on UMH shares. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research report on Friday, July 31st. Odeon Capital Group set a $17.50 target price on UMH Properties in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, UMH Properties presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.
View Our Latest Analysis on UMH
Institutional Investors Weigh In On UMH Properties
Several large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in UMH Properties during the 2nd quarter valued at about $127,139,000. Private Management Group Inc. boosted its position in UMH Properties by 1.7% in the second quarter. Private Management Group Inc. now owns 1,970,696 shares of the real estate investment trust’s stock valued at $29,836,000 after buying an additional 33,589 shares in the last quarter. D.A. Davidson & CO. grew its stake in UMH Properties by 4.2% during the first quarter. D.A. Davidson & CO. now owns 1,771,311 shares of the real estate investment trust’s stock worth $25,560,000 after buying an additional 71,015 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in UMH Properties by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,175,769 shares of the real estate investment trust’s stock worth $16,966,000 after buying an additional 42,964 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of UMH Properties during the second quarter worth approximately $15,655,000. Institutional investors own 75.40% of the company’s stock.
About UMH Properties
UMH Properties, Inc is a real estate investment trust that owns and operates manufactured housing communities in the United States. The company provides residents with affordable housing options through land-lease communities, where homeowners typically own their manufactured homes while leasing the underlying land from UMH.
UMH’s activities include acquiring, developing, expanding and managing manufactured housing communities, as well as selling and leasing manufactured homes. Its portfolio includes company-owned homes that are offered for rent, providing an additional source of housing for residents who may prefer not to purchase a home.
Founded in 1968, UMH serves markets primarily in the Midwest and Mid-Atlantic regions, including communities in states such as Ohio, Indiana, Michigan, Pennsylvania, Tennessee, New Jersey, New York, Maryland, Illinois, Alabama and Kentucky.
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