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 company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.93, for a total value of $19,781.85. Following the sale, the director now owns 142 shares in the company, valued at approximately $2,688.06. This trade represents a 88.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

UMH Properties Stock Performance

Shares of NYSE:UMH traded up $0.04 on Tuesday, hitting $19.00. 817,331 shares of the company were exchanged, compared to its average volume of 408,008. UMH Properties, Inc. has a 1-year low of $14.09 and a 1-year high of $20.64. The stock’s 50 day moving average price is $19.08 and its 200 day moving average price is $18.02. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.50 billion, a P/E ratio of 145.24, a price-to-earnings-growth ratio of 3.40 and a beta of 1.29.

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

UMH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Wedbush lifted their price target 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. Finally, B. Riley increased their price objective on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its stake in UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after purchasing an additional 863,089 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in UMH Properties by 476.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,874 shares of the real estate investment trust’s stock worth $6,607,000 after acquiring an additional 277,590 shares during the period. Franklin Resources Inc. purchased a new stake in UMH Properties in the third quarter valued at $4,421,000. Brookfield Corp ON purchased a new position in UMH Properties during the third quarter worth about $4,331,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of UMH Properties in the third quarter valued at $3,513,000. 75.40% of the stock is 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.