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 firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $16.40, for a total value of $749,480.00. Following the completion of the transaction, the chief executive officer directly owned 1,101,283 shares of the company's stock, valued at $18,061,041.20. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

UMH Properties Trading Down 0.2%

Shares of NYSE:UMH traded down $0.04 during midday trading on Friday, reaching $15.96. The company's stock had a trading volume of 70,609 shares, compared to its average volume of 396,926. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 114.05, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13. 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, Inc. has a 1 year low of $15.74 and a 1 year high of $20.64. The business has a 50 day moving average price of $16.81 and a 200 day moving average price of $17.37.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The business had revenue of $66.64 million during 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%. Research analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.225 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.90 dividend on an annualized basis and a yield of 5.6%. UMH Properties's dividend payout ratio (DPR) is presently 642.86%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UMH. Wedbush raised UMH Properties to a "hold" rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded UMH Properties from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Maxim Group dropped their price target on UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, B. Riley reissued a "buy" rating on shares of UMH Properties in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its stake in shares of UMH Properties by 1.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,324,531 shares of the real estate investment trust's stock worth $99,569,000 after purchasing an additional 73,196 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of UMH Properties by 124.5% during 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 purchasing an additional 2,236,080 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of UMH Properties by 13.5% during the second quarter. American Century Companies Inc. now owns 2,389,308 shares of the real estate investment trust's stock worth $40,116,000 after purchasing an additional 283,700 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of UMH Properties by 5.5% during 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 purchasing an additional 103,446 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of UMH Properties by 10.9% during 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 purchasing an additional 150,718 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

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.