UMH Properties (NYSE:UMH) Sets New 12-Month Low on Insider Selling

Key Points

• UMH Properties (NYSE:UMH) reached a new 12-month low of **$15.70** during trading, driven by significant **insider selling**, with Director William Edward Mitchell selling over **75,000 shares**.
• The company reported earnings of **$0.23 per share**, which fell short of analysts' expectations of **$0.25 per share**, despite revenue exceeding estimates at **$66.64 million**.
• UMH Properties declared a quarterly dividend of **$0.225 per share**, equating to an annualized yield of **5.6%**, with a high dividend payout ratio of **642.86%**.

UMH Properties, Inc. (NYSE:UMH - Get Free Report) shares hit a new 52-week low during trading on Friday following insider selling activity. The stock traded as low as $15.70 and last traded at $15.96, with a volume of 984614 shares traded. The stock had previously closed at $16.00.

Specifically, Director William Edward Mitchell sold 75,849 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.32, for a total value of $1,237,855.68. Following the completion of the sale, the director owned 41,368 shares of the company's stock, valued at approximately $675,125.76. The trade was a 64.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Samuel A. Landy sold 45,700 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $16.40, for a total transaction of $749,480.00. Following the completion of the sale, the chief executive officer directly owned 1,101,283 shares of the company's stock, valued at $18,061,041.20. This represents a 3.98% decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

UMH has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of UMH Properties from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Wedbush upgraded UMH Properties to a "hold" rating in a research note on Wednesday, July 2nd. B. Riley reiterated a "buy" rating on shares of UMH Properties in a research report on Tuesday, May 13th. Finally, Maxim Group reduced 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. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.

UMH Properties Trading Down 1.3%

The firm has a 50-day moving average of $16.70 and a two-hundred day moving average of $17.31. The firm has a market capitalization of $1.33 billion, a P/E ratio of 111.54, a P/E/G ratio of 2.68 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 issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business 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%. On average, analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.90 annualized dividend and a yield of 5.8%. UMH Properties's dividend payout ratio is presently 642.86%.

Institutional Trading of UMH Properties

Hedge funds have recently added to or reduced their stakes in the stock. Aberdeen Group plc grew its position in shares of UMH Properties by 3.6% in the 1st quarter. Aberdeen Group plc now owns 19,132 shares of the real estate investment trust's stock valued at $358,000 after buying an additional 668 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of UMH Properties by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust's stock worth $491,000 after acquiring an additional 671 shares during the period. Deutsche Bank AG lifted its stake in shares of UMH Properties by 0.8% in the first quarter. Deutsche Bank AG now owns 82,605 shares of the real estate investment trust's stock worth $1,545,000 after acquiring an additional 682 shares during the period. Keybank National Association OH boosted its holdings in UMH Properties by 3.1% in the second quarter. Keybank National Association OH now owns 24,981 shares of the real estate investment trust's stock valued at $419,000 after acquiring an additional 762 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in UMH Properties by 2.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust's stock valued at $883,000 after purchasing an additional 918 shares during the period. Institutional investors and hedge funds own 75.40% of the company's stock.

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.