UMH Properties, Inc. (NYSE:UMH - Get Free Report) CEO Samuel A. Landy sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the completion of the sale, the chief executive officer now owns 1,104,826 shares of the company's stock, valued at approximately $21,599,348.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
UMH Properties Stock Performance
UMH stock opened at $19.76 on Thursday. The business's 50-day moving average price is $19.24 and its two-hundred day moving average price is $17.70. UMH Properties, Inc. has a 1-year low of $13.91 and a 1-year high of $20.64. 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 cap of $1.56 billion, a PE ratio of 151.97, a P/E/G ratio of 3.52 and a beta of 1.30.
UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the prior year, the company earned $0.22 EPS. As a group, research analysts forecast that UMH Properties, Inc. will post 0.92 earnings per share for the current year.
UMH Properties Dividend Announcement
Why buying gold might be a mistake
From DTI | Ad
Something strange just happened with gold.
With the recent Fed rate cut… My charts are showing a breakout signal I haven't seen in years.
But for now, I'm not rushing to buy gold.
In fact, I'm telling everyone I know to hold off.
Because I believe there’s a far better way to play this upcoming surge.
It's a method that could turn a 1% gold price change into gains like 59%, 118%, or even 228%.
And it doesn't involve buying a single ounce of physical gold or even buying any regular gold stock.
I've been trading gold for nearly 20 years now and this is my #1 recommended approach for trading gold right now.
Most traders miss them completely… But for those who know how to spot them, it takes their trades to a whole new level.
If you're interested, check out the recording here while the link's still up.
The business 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.35%. UMH Properties's payout ratio is 661.59%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. StockNews.com lowered shares of UMH Properties from a "hold" rating to a "sell" rating in a research note on Friday, November 8th. Alliance Global Partners began coverage on UMH Properties in a research report on Thursday, July 18th. They issued a "buy" rating and a $21.00 target price on the stock. B. Riley lifted their price target on UMH Properties from $18.50 to $22.50 and gave the company a "buy" rating in a research report on Thursday, August 15th. Finally, Wedbush boosted their target price on UMH Properties from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $21.25.
Get Our Latest Research Report on UMH Properties
Hedge Funds Weigh In On UMH Properties
Several hedge funds and other institutional investors have recently modified their holdings of UMH. Swiss National Bank grew its holdings in UMH Properties by 1.9% during the 1st quarter. Swiss National Bank now owns 124,500 shares of the real estate investment trust's stock worth $2,022,000 after acquiring an additional 2,300 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in UMH Properties in the first quarter valued at $234,000. Sei Investments Co. raised its stake in UMH Properties by 4.2% during the 1st quarter. Sei Investments Co. now owns 385,571 shares of the real estate investment trust's stock worth $6,262,000 after buying an additional 15,553 shares during the period. ProShare Advisors LLC acquired a new stake in shares of UMH Properties in the 1st quarter worth about $178,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in 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 worth $403,000 after acquiring an additional 11,350 shares during the last quarter. Institutional investors own 75.40% of the company's stock.
UMH Properties Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
