Samuel A. Landy Sells 45,700 Shares of UMH Properties, Inc. (NYSE:UMH) Stock

Key Points

• CEO Samuel A. Landy sold 45,700 shares of UMH Properties stock for a total of $749,480, reducing his holdings by 3.98% to 1,101,283 shares.
• UMH Properties reported $0.23 earnings per share for the last quarter, missing estimates by $0.02, while revenue was slightly above expectations at $66.64 million.
• The company declared a quarterly $0.225 dividend, with a yield of 5.5%, and a payout ratio of 642.86% for its investors.

UMH Properties, Inc. (NYSE:UMH - Get Free Report) CEO Samuel A. Landy sold 45,700 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $16.40, for a total value of $749,480.00. Following the sale, the chief executive officer owned 1,101,283 shares in the company, valued at approximately $18,061,041.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

UMH Properties Trading Down 0.4%

NYSE UMH traded down $0.07 during trading hours on Monday, hitting $16.28. 408,238 shares of the company's stock were exchanged, compared to its average volume of 345,405. The stock has a 50-day simple moving average of $16.83 and a 200 day simple moving average of $17.40. UMH Properties, Inc. has a 1-year low of $15.74 and a 1-year high of $20.64. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 116.31, a PEG ratio of 2.73 and a beta of 1.13. The company has a current ratio of 8.56, a quick ratio of 8.56 and a debt-to-equity ratio of 1.08.

UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results 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). The company had revenue of $66.64 million for the quarter, compared to analysts' expectations of $66.07 million. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. On average, equities analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a $0.225 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.5%. UMH Properties's payout ratio is presently 642.86%.

Analysts Set New Price Targets

Several brokerages recently commented on UMH. B. Riley reissued a "buy" rating on shares of UMH Properties in a research note on Tuesday, May 13th. Wall Street Zen lowered UMH Properties from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Maxim Group decreased their target price on UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Wedbush upgraded UMH Properties to a "hold" rating in a report on Wednesday, July 2nd.

Hedge Funds Weigh In On UMH Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of UMH Properties by 1.4% during 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 buying an additional 73,196 shares during the period. Capital Research Global Investors increased its position in UMH Properties by 124.5% in the fourth quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust's stock worth $76,121,000 after buying an additional 2,236,080 shares in the last quarter. American Century Companies Inc. increased its position in UMH Properties by 0.5% in the first quarter. American Century Companies Inc. now owns 2,105,608 shares of the real estate investment trust's stock worth $39,375,000 after buying an additional 10,602 shares in the last quarter. Geode Capital Management LLC increased its position in UMH Properties by 5.5% in the second quarter. Geode Capital Management LLC now owns 1,999,240 shares of the real estate investment trust's stock worth $33,571,000 after buying an additional 103,446 shares in the last quarter. Finally, Jennison Associates LLC increased its position in UMH Properties by 10.9% in the second quarter. Jennison Associates LLC now owns 1,536,362 shares of the real estate investment trust's stock worth $25,796,000 after buying an additional 150,718 shares in the last quarter. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

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.

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