UMH Properties (NYSE:UMH) Hits New 1-Year Low - What's Next?

Key Points

• UMH Properties' stock price hit a new 52-week low at $14.31, with the last trading position at $14.35.
• The company's quarterly earnings report indicated an EPS of $0.23, missing analysts' estimates, despite revenue exceeding consensus expectations at $66.64 million.
• UMH Properties declared a quarterly dividend of $0.225, reflecting an annualized yield of 6.4%, but has a high payout ratio of 642.86%.

UMH Properties, Inc. (NYSE:UMH - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The company traded as low as $14.31 and last traded at $14.35, with a volume of 99037 shares changing hands. The stock had previously closed at $14.57.

Analyst Upgrades and Downgrades

UMH has been the topic of a number of recent research reports. Wall Street Zen downgraded UMH Properties from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Cantor Fitzgerald began coverage on UMH Properties in a research report on Wednesday, October 1st. They set a "neutral" rating and a $15.00 target price on the stock. Weiss Ratings restated a "hold (c)" rating on shares of UMH Properties in a research report on Saturday, September 27th. Finally, Wedbush raised shares of UMH Properties to a "hold" rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, UMH Properties presently has a consensus rating of "Hold" and a consensus price target of $18.50.

UMH Properties Stock Performance

The firm has a market capitalization of $1.20 billion, a P/E ratio of 101.19, a P/E/G ratio of 2.54 and a beta of 1.05. The firm has a 50-day moving average price of $15.56 and a two-hundred day moving average price of $16.62. The company has a debt-to-equity ratio of 1.08, a current ratio of 8.56 and a quick ratio of 8.56.

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

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be issued a $0.225 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.4%. UMH Properties's payout ratio is presently 642.86%.

Insider Transactions at UMH Properties

In other UMH Properties news, Director Michael P. Landy bought 10,000 shares of the company's stock in a transaction on Monday, September 29th. The shares were bought at an average cost of $14.46 per share, for a total transaction of $144,600.00. Following the acquisition, the director directly owned 362,052 shares in the company, valued at approximately $5,235,271.92. The trade was a 2.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Angela D. Pruitt sold 1,600 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $16.06, for a total transaction of $25,696.00. Following the completion of the transaction, the director directly owned 9,905 shares of the company's stock, valued at $159,074.30. This trade represents a 13.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,249 shares of company stock valued at $2,491,728. Company insiders own 8.77% of the company's stock.

Hedge Funds Weigh In On UMH Properties

Several institutional investors and hedge funds have recently bought and sold shares of UMH. KBC Group NV acquired a new stake in shares of UMH Properties in the 1st quarter worth $32,000. Stone House Investment Management LLC acquired a new stake in UMH Properties in the first quarter worth about $34,000. Summit Securities Group LLC purchased a new stake in shares of UMH Properties during the first quarter worth about $35,000. Cloud Capital Management LLC acquired a new position in shares of UMH Properties during the first quarter valued at about $37,000. Finally, Quantbot Technologies LP purchased a new position in shares of UMH Properties in the 2nd quarter valued at approximately $52,000. 75.40% of the stock is owned by hedge funds and other institutional investors.

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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