Insider Selling: UMH Properties, Inc. (NYSE:UMH) Director Sells $19,781.85 in Stock

UMH Properties, Inc. (NYSE:UMH) Director Kiernan Conway sold 1,045 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.93, for a total transaction of $19,781.85. Following the completion of the transaction, the director now owns 142 shares of the company’s stock, valued at approximately $2,688.06. The trade was a 88.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

UMH Properties Stock Up 1.1 %

UMH opened at $19.85 on Friday. UMH Properties, Inc. has a twelve month low of $14.09 and a twelve month high of $20.64. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average price of $19.07 and a 200-day moving average price of $18.05. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 152.70, a PEG ratio of 3.40 and a beta of 1.29.

UMH Properties (NYSE:UMH) last released its quarterly 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 firm had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. During the same period in the previous year, the company earned $0.22 earnings per share. Equities research analysts forecast that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UMH shares. B. Riley raised their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Wedbush increased their target price on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.25.

Institutional Trading of UMH Properties

Several large investors have recently added to or reduced their stakes in UMH. Principal Financial Group Inc. bought a new stake in UMH Properties during the third quarter valued at about $675,000. Concurrent Investment Advisors LLC bought a new position in shares of UMH Properties during the 3rd quarter valued at approximately $614,000. Bank of New York Mellon Corp increased its holdings in UMH Properties by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock worth $6,218,000 after acquiring an additional 34,249 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in UMH Properties by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock worth $6,745,000 after acquiring an additional 41,774 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in UMH Properties by 4.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,033 shares of the real estate investment trust’s stock valued at $1,168,000 after purchasing an additional 3,081 shares in the last quarter. 75.40% of the stock is currently owned by 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.