UMH Properties (NYSE:UMH) Sets New 12-Month Low - Here's Why

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) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.59 and last traded at $15.62, with a volume of 592292 shares. The stock had previously closed at $15.82.

Analyst Upgrades and Downgrades

UMH has been the topic of a number of recent analyst reports. B. Riley reissued a "buy" rating on shares of UMH Properties in a report on Tuesday, May 13th. Maxim Group lowered their price target on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a report on Monday, May 5th. Wedbush raised shares of UMH Properties to a "hold" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded shares of UMH Properties from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's 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 Price Performance

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's 50-day simple moving average is $16.64 and its two-hundred day simple moving average is $17.25. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 111.46, a PEG ratio of 2.71 and a beta of 1.13.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share 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%. Equities research analysts predict 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 will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Friday, August 15th. UMH Properties's dividend payout ratio is 642.86%.

Insider Transactions at UMH Properties

In other news, Director William Edward Mitchell sold 75,849 shares of the 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 directly owned 41,368 shares in the company, valued at $675,125.76. This represents a 64.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Samuel A. Landy sold 45,700 shares of the 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 owned 1,101,283 shares of the company's stock, valued at $18,061,041.20. This trade represents a 3.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,549 shares of company stock valued at $2,409,086 over the last quarter. Company insiders own 8.77% of the company's stock.

Institutional Investors Weigh In On UMH Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its position in 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 purchasing an additional 73,196 shares during the last quarter. American Century Companies Inc. increased its position in UMH Properties by 13.5% during the second quarter. American Century Companies Inc. now owns 2,389,308 shares of the real estate investment trust's stock worth $40,116,000 after purchasing an additional 283,700 shares during the last quarter. Geode Capital Management LLC increased its position in UMH Properties by 5.5% during the second quarter. Geode Capital Management LLC now owns 1,999,240 shares of the real estate investment trust's stock worth $33,571,000 after purchasing an additional 103,446 shares during the last quarter. Jennison Associates LLC increased its position in UMH Properties by 10.9% during the second quarter. Jennison Associates LLC now owns 1,536,362 shares of the real estate investment trust's stock worth $25,796,000 after purchasing an additional 150,718 shares during the last quarter. Finally, Northern Trust Corp increased its position in UMH Properties by 4.2% during the first quarter. Northern Trust Corp now owns 1,229,968 shares of the real estate investment trust's stock worth $23,000,000 after purchasing an additional 49,040 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

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.