UMH Properties, Inc. (NYSE:UMH) CEO Samuel A. Landy Sells 50,000 Shares

UMH Properties, Inc. (NYSE:UMH) CEO Samuel A. Landy sold 50,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total transaction of $977,500.00. Following the transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

UMH Properties Stock Up 1.9 %

Shares of UMH Properties stock opened at $19.76 on Thursday. UMH Properties, Inc. has a 52-week low of $13.91 and a 52-week high of $20.64. The company has a 50-day simple moving average of $19.24 and a two-hundred day simple moving average of $17.70. The stock has a market capitalization of $1.56 billion, a PE ratio of 151.97, a price-to-earnings-growth ratio of 3.52 and a beta of 1.30. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The company had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. During the same period in the prior year, the firm posted $0.22 EPS. On average, analysts anticipate that UMH Properties, Inc. will post 0.92 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $0.215 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.86 annualized dividend and a yield of 4.35%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Institutional Trading of UMH Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in UMH Properties by 1.9% during the first quarter. Swiss National Bank now owns 124,500 shares of the real estate investment trust’s stock worth $2,022,000 after buying an additional 2,300 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in UMH Properties during the first quarter worth approximately $234,000. Sei Investments Co. raised its holdings in UMH Properties by 4.2% during the first quarter. Sei Investments Co. now owns 385,571 shares of the real estate investment trust’s stock worth $6,262,000 after purchasing an additional 15,553 shares in the last quarter. ProShare Advisors LLC acquired a new position in UMH Properties in the first quarter valued at $178,000. Finally, State Board of Administration of Florida Retirement System grew its position in shares of UMH Properties by 71.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 27,259 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 11,350 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

Analysts Set New Price Targets

UMH has been the subject of several recent analyst reports. StockNews.com cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. B. Riley boosted their target price on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research report on Thursday, August 15th. Wedbush boosted their target price on shares of UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Alliance Global Partners began coverage on shares of UMH Properties in a research report on Thursday, July 18th. They set a “buy” rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, UMH Properties presently has an average rating of “Hold” and an average price target of $21.25.

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.