UMH Properties (NYSE:UMH) Sees Unusually-High Trading Volume

UMH Properties, Inc. (NYSE:UMH) saw strong trading volume on Tuesday . 812,661 shares were traded during trading, an increase of 107% from the previous session’s volume of 393,039 shares.The stock last traded at $19.33 and had previously closed at $19.15.

Analyst Ratings Changes

Several equities analysts have weighed in on UMH shares. B. Riley reaffirmed a “buy” rating and issued a $18.50 target price on shares of UMH Properties in a research report on Thursday, May 30th. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. Alliance Global Partners began coverage on shares of UMH Properties in a research report on Thursday, July 18th. They issued a “buy” rating and a $21.00 price target for the company. Wedbush upped their price objective on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, William Blair reiterated a “neutral” rating on shares of UMH Properties in a report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.25.

UMH Properties Stock Performance

The stock’s 50-day simple moving average is $16.68 and its 200 day simple moving average is $15.89. The company has a market capitalization of $1.42 billion, a PE ratio of -128.66, a P/E/G ratio of 3.49 and a beta of 1.29. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.77 and a current ratio of 6.77.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The business had revenue of $60.33 million during the quarter, compared to analyst estimates of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same quarter in the prior year, the business earned $0.21 earnings per share. As a group, research analysts expect that UMH Properties, Inc. will post 0.92 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Thursday, August 15th. UMH Properties’s dividend payout ratio (DPR) is -573.30%.

Insiders Place Their Bets

In other news, CEO Samuel A. Landy sold 25,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $15.01, for a total value of $375,250.00. Following the completion of the transaction, the chief executive officer now owns 1,149,565 shares in the company, valued at approximately $17,254,970.65. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the sale, the chief executive officer now owns 1,149,565 shares in the company, valued at $17,254,970.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael P. Landy bought 4,700 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was purchased at an average cost of $15.45 per share, with a total value of $72,615.00. Following the completion of the transaction, the director now owns 341,796 shares in the company, valued at $5,280,748.20. The disclosure for this purchase can be found here. 8.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On UMH Properties

A number of institutional investors have recently modified their holdings of UMH. SRS Capital Advisors Inc. grew its position in UMH Properties by 382.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,711 shares during the last quarter. EntryPoint Capital LLC grew its holdings in shares of UMH Properties by 843.9% during the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,806 shares during the last quarter. Ridgewood Investments LLC acquired a new position in UMH Properties in the 2nd quarter valued at about $71,000. Quadrant Capital Group LLC raised its stake in UMH Properties by 52.7% during the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 1,856 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in UMH Properties by 1,440.7% during the 4th quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 7,391 shares during the period. 75.40% of the stock is owned by institutional investors and hedge funds.

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.