UMH Properties (NYSE:UMH) Hits New 12-Month Low - Time to Sell?

Key Points

• UMH Properties' stock hit a new **52-week low** of **$15.59** on Thursday, reflecting a decrease from its previous close of **$15.82** and a trading volume of **592,292 shares**.
• The company reported **Q2 earnings** of **$0.23 per share**, falling short of the consensus estimate of **$0.25**, with a reported revenue of **$66.64 million** exceeding expectations.
• Insider **selling** has been notable, with CEO Samuel A. Landy and Director William Edward Mitchell recently selling a combined total of **146,549 shares**, valued at over **$2.4 million**.

UMH Properties, Inc. (NYSE:UMH - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $15.59 and last traded at $15.62, with a volume of 592292 shares trading hands. The stock had previously closed at $15.82.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UMH shares. Wedbush raised shares of UMH Properties to a "hold" rating in a research note on Wednesday, July 2nd. Maxim Group reduced their price objective on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating for the company in a research note on Monday, May 5th. Wall Street Zen cut UMH Properties from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Finally, B. Riley reiterated a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, UMH Properties presently has an average rating of "Moderate Buy" and an average target price of $20.25.

UMH Properties Price Performance

The firm has a 50 day simple moving average of $16.66 and a 200-day simple moving average of $17.27. 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 company has a market cap of $1.36 billion, a PE ratio of 114.39, a price-to-earnings-growth ratio of 2.71 and a beta of 1.13.

UMH Properties (NYSE:UMH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The company had revenue of $66.64 million during the quarter, compared to analysts' expectations of $66.07 million. As a group, research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, August 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.6%. UMH Properties's payout ratio is presently 642.86%.

Insider Transactions at UMH Properties

In other news, CEO Samuel A. Landy sold 45,700 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $16.40, for a total transaction of $749,480.00. Following the sale, the chief executive officer owned 1,101,283 shares in the company, valued at approximately $18,061,041.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Edward Mitchell sold 75,849 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $16.32, for a total value of $1,237,855.68. Following the sale, the director owned 41,368 shares in the company, valued at $675,125.76. The trade was a 64.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,549 shares of company stock worth $2,409,086 in the last 90 days. Insiders own 8.77% of the company's stock.

Institutional Investors Weigh In On UMH Properties

A number of large investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. grew 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 acquiring an additional 73,196 shares during the last quarter. American Century Companies Inc. boosted its position in UMH Properties by 13.5% in the second quarter. American Century Companies Inc. now owns 2,389,308 shares of the real estate investment trust's stock valued at $40,116,000 after buying an additional 283,700 shares during the last quarter. Geode Capital Management LLC boosted its position in UMH Properties by 5.5% in the second quarter. Geode Capital Management LLC now owns 1,999,240 shares of the real estate investment trust's stock valued at $33,571,000 after buying an additional 103,446 shares during the last quarter. Jennison Associates LLC boosted its position in UMH Properties by 10.9% in the second quarter. Jennison Associates LLC now owns 1,536,362 shares of the real estate investment trust's stock valued at $25,796,000 after buying an additional 150,718 shares during the last quarter. Finally, Northern Trust Corp boosted its position in UMH Properties by 4.2% in the first quarter. Northern Trust Corp now owns 1,229,968 shares of the real estate investment trust's stock valued at $23,000,000 after buying an additional 49,040 shares during the last quarter. Hedge funds and other institutional investors 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.