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

UMH Properties, Inc. (NYSE:UMHGet Free Report) Director Angela D. Pruitt sold 2,800 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the sale, the director now owns 7,993 shares in the company, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

UMH Properties Trading Down 2.0 %

UMH opened at $19.15 on Thursday. UMH Properties, Inc. has a 12 month low of $13.91 and a 12 month high of $20.64. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 147.28, a PEG ratio of 3.50 and a beta of 1.30. 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 stock has a fifty day moving average price of $19.20 and a 200-day moving average price of $17.82.

UMH Properties (NYSE:UMHGet Free Report) last released 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). 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 during the quarter, compared to analyst estimates of $61.57 million. During the same period in the previous year, the company earned $0.22 earnings per share. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.49%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is 661.59%.

Analysts Set New Price Targets

Several research firms have recently weighed in on UMH. Wedbush lifted 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. B. Riley lifted their price objective 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 note on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

Get Our Latest Analysis on UMH

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of UMH Properties by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock valued at $33,520,000 after purchasing an additional 59,705 shares during the period. Vestcor Inc acquired a new position in shares of UMH Properties in the third quarter worth about $1,119,000. Barclays PLC raised its position in shares of UMH Properties by 101.1% in the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after acquiring an additional 80,660 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of UMH Properties by 4.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 97,624 shares of the real estate investment trust’s stock worth $1,920,000 after acquiring an additional 3,925 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of UMH Properties by 4.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 82,200 shares of the real estate investment trust’s stock valued at $1,617,000 after acquiring an additional 3,200 shares during the period. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

About UMH Properties

(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.

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Insider Buying and Selling by Quarter for UMH Properties (NYSE:UMH)

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