Angela D. Pruitt Sells 2,800 Shares of UMH Properties, Inc. (NYSE:UMH) Stock

UMH Properties, Inc. (NYSE:UMH) Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total transaction of $53,928.00. Following the transaction, the director now directly owns 7,993 shares in the company, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

UMH Properties Trading Down 2.0 %

NYSE:UMH traded down $0.40 on Wednesday, reaching $19.13. The company’s stock had a trading volume of 125,446 shares, compared to its average volume of 403,460. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The firm has a market cap of $1.51 billion, a PE ratio of 150.24, a PEG ratio of 3.43 and a beta of 1.30. The business’s 50-day moving average price is $19.21 and its two-hundred day moving average price is $17.81. UMH Properties, Inc. has a 1-year low of $13.91 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The company had revenue of $60.67 million for the quarter, compared to analyst estimates of $61.57 million. During the same period in the prior year, the company earned $0.22 EPS. Equities research analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 annualized dividend and a yield of 4.50%. UMH Properties’s payout ratio is 661.59%.

Institutional Investors Weigh In On UMH Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank boosted its holdings in shares of 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 purchasing an additional 2,300 shares during the period. ProShare Advisors LLC bought a new stake in UMH Properties in the 1st quarter worth approximately $178,000. State Board of Administration of Florida Retirement System grew its position in shares of UMH Properties by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,259 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 11,350 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of UMH Properties by 13.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 83,437 shares of the real estate investment trust’s stock valued at $1,355,000 after buying an additional 9,615 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its stake in UMH Properties by 843.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,806 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.