UMH Properties (NYSE:UMH) Hits New 52-Week Low - Time to Sell?

Key Points

• UMH Properties' stock has reached a new 52-week low at $15.43, with a recent trading volume of 30,845 shares.
• The company reported Q2 earnings of $0.23 EPS, falling short of analyst estimates of $0.25, while revenue slightly exceeded projections at $66.64 million.
• UMH Properties declared a quarterly dividend of $0.225 per share, representing a yield of 5.9%, despite a high dividend payout ratio of 642.86%.

UMH Properties, Inc. (NYSE:UMH - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $15.43 and last traded at $15.47, with a volume of 30845 shares changing hands. The stock had previously closed at $15.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UMH shares. Wedbush raised UMH Properties to a "hold" rating in a research report on Wednesday, July 2nd. Wall Street Zen lowered shares of 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 research note on Tuesday, May 13th. Two investment 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, the company has a consensus rating of "Moderate Buy" and an average 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 company has a market cap of $1.29 billion, a PE ratio of 108.61, a price-to-earnings-growth ratio of 2.55 and a beta of 1.07. The firm has a 50 day simple moving average of $16.39 and a 200-day simple moving average of $17.09.

UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $66.64 million during 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, research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, August 15th. UMH Properties's dividend payout ratio (DPR) is currently 642.86%.

Insider Buying and Selling

In related news, CEO Samuel A. Landy sold 10,000 shares of UMH Properties stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $15.25, for a total transaction of $152,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,091,283 shares in the company, valued at approximately $16,642,065.75. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Angela D. Pruitt sold 1,600 shares of UMH Properties stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $16.06, for a total value of $25,696.00. Following the transaction, the director owned 9,905 shares of the company's stock, valued at approximately $159,074.30. This represents a 13.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,149 shares of company stock valued at $2,587,282 over the last quarter. 8.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Cherry Creek Investment Advisors Inc. purchased a new stake in shares of UMH Properties in the first quarter valued at approximately $675,000. KBC Group NV acquired a new position in UMH Properties during the first quarter worth $32,000. Allianz Asset Management GmbH acquired a new position in shares of UMH Properties in the 1st quarter valued at $788,000. Principal Financial Group Inc. lifted its stake in shares of UMH Properties by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 38,816 shares of the real estate investment trust's stock valued at $726,000 after purchasing an additional 1,362 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of UMH Properties by 28.9% in the 4th quarter. Deutsche Bank AG now owns 81,923 shares of the real estate investment trust's stock valued at $1,547,000 after purchasing an additional 18,375 shares during the last quarter. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

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.