UMH Properties, Inc. (NYSE:UMH - Get Free Report) CEO Samuel A. Landy sold 25,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $16.87, for a total value of $421,750.00. Following the completion of the sale, the chief executive officer now owns 1,140,265 shares of the company's stock, valued at $19,236,270.55. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
UMH Properties Stock Down 0.7%
UMH Properties stock traded down $0.13 during mid-day trading on Wednesday, reaching $17.13. The stock had a trading volume of 556,641 shares, compared to its average volume of 432,827. The firm has a market capitalization of $1.44 billion, a PE ratio of 131.79, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12. UMH Properties, Inc. has a fifty-two week low of $15.23 and a fifty-two week high of $20.64. The stock's 50-day simple moving average is $17.07 and its 200-day simple moving average is $18.01. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.
UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $61.23 million for the quarter, compared to analysts' expectations of $62.82 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. On average, sell-side analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.
UMH Properties Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from UMH Properties's previous quarterly dividend of $0.22. UMH Properties's dividend payout ratio (DPR) is 750.00%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on UMH shares. Maxim Group reduced their price objective on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a research note on Monday, May 5th. B. Riley reiterated a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Finally, Wall Street Zen raised UMH Properties from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $21.00.
View Our Latest Stock Analysis on UMH Properties
Institutional Trading of UMH Properties
Hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its position in shares of UMH Properties by 4.7% during the 1st quarter. Inspire Investing LLC now owns 22,379 shares of the real estate investment trust's stock valued at $418,000 after acquiring an additional 1,007 shares during the period. Strs Ohio bought a new position in UMH Properties during the first quarter valued at $254,000. McIlrath & Eck LLC grew its holdings in UMH Properties by 161.3% during the first quarter. McIlrath & Eck LLC now owns 266,398 shares of the real estate investment trust's stock valued at $4,982,000 after purchasing an additional 164,465 shares during the period. UniSuper Management Pty Ltd increased its position in UMH Properties by 14.4% in the first quarter. UniSuper Management Pty Ltd now owns 20,700 shares of the real estate investment trust's stock worth $387,000 after buying an additional 2,600 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of UMH Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,976 shares of the real estate investment trust's stock valued at $804,000 after buying an additional 1,871 shares during the period. Institutional investors own 75.40% of the company's stock.
About UMH Properties
(
Get Free Report)
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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