UMH Properties (NYSE:UMH) CEO Samuel Landy Sells 22,100 Shares

Key Points

• UMH Properties CEO Samuel Landy sold 22,100 shares at an average price of $14.76, resulting in a total transaction value of $326,196 and reducing his ownership by 2.02%.
• The company reported a quarterly earnings per share (EPS) of $0.23, missing analysts' estimates by $0.02, while revenue was slightly above expectations at $66.64 million.
• UMH Properties recently announced a quarterly dividend of $0.225, translating to an annualized dividend of $0.90 and a yield of 6.1%.

UMH Properties, Inc. (NYSE:UMH - Get Free Report) CEO Samuel Landy sold 22,100 shares of the firm's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $14.76, for a total transaction of $326,196.00. Following the sale, the chief executive officer owned 1,074,568 shares in the company, valued at approximately $15,860,623.68. The trade was a 2.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

UMH Properties Stock Down 0.1%

Shares of NYSE:UMH traded down $0.02 during midday trading on Monday, reaching $14.71. 1,014,045 shares of the company were exchanged, compared to its average volume of 460,428. UMH Properties, Inc. has a fifty-two week low of $14.37 and a fifty-two week high of $20.42. The company has a quick ratio of 8.56, a current ratio of 8.56 and a debt-to-equity ratio of 1.08. The stock has a fifty day simple moving average of $15.79 and a two-hundred day simple moving average of $16.74. The firm has a market cap of $1.25 billion, a PE ratio of 105.04, a P/E/G ratio of 2.52 and a beta of 1.07.

UMH Properties (NYSE:UMH - Get Free Report) last issued 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 company had revenue of $66.64 million for the quarter, compared to analyst estimates of $66.07 million. UMH Properties had a return on equity of 5.19% and a net margin of 12.18%. As a group, sell-side analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.90 dividend on an annualized basis and a yield of 6.1%. UMH Properties's dividend payout ratio (DPR) is 642.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UMH. Wedbush raised shares of UMH Properties to a "hold" rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded shares of UMH Properties from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, UMH Properties has a consensus rating of "Moderate Buy" and a consensus price target of $20.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of UMH Properties by 6.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 103,884 shares of the real estate investment trust's stock worth $1,961,000 after buying an additional 6,260 shares during the period. California State Teachers Retirement System boosted its holdings in shares of UMH Properties by 10.2% during the 4th quarter. California State Teachers Retirement System now owns 69,547 shares of the real estate investment trust's stock worth $1,313,000 after buying an additional 6,425 shares during the period. GAMMA Investing LLC boosted its holdings in shares of UMH Properties by 3,585.3% during the 1st quarter. GAMMA Investing LLC now owns 6,265 shares of the real estate investment trust's stock worth $117,000 after buying an additional 6,095 shares during the period. Summit Global Investments boosted its holdings in shares of UMH Properties by 26.2% during the 1st quarter. Summit Global Investments now owns 17,255 shares of the real estate investment trust's stock worth $323,000 after buying an additional 3,578 shares during the period. Finally, Vert Asset Management LLC boosted its holdings in shares of UMH Properties by 19.3% during the 1st quarter. Vert Asset Management LLC now owns 37,318 shares of the real estate investment trust's stock worth $698,000 after buying an additional 6,050 shares during the period. Institutional investors 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.

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