Matthew I. Hirsch Purchases 899 Shares of UMH Properties Inc. (UMH) Stock
UMH Properties Inc. (NYSE:UMH) Director Matthew I. Hirsch purchased 899 shares of UMH Properties stock in a transaction that occurred on Monday, October 17th. The shares were acquired at an average price of $11.13 per share, with a total value of $10,005.87. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Shares of UMH Properties Inc. (NYSE:UMH) traded up 1.88% during midday trading on Tuesday, hitting $11.95. The stock had a trading volume of 91,891 shares. The company’s market cap is $330.87 million. The stock’s 50-day moving average price is $11.83 and its 200 day moving average price is $11.14. UMH Properties Inc. has a 52 week low of $9.00 and a 52 week high of $12.70.
UMH Properties (NYSE:UMH) last posted its earnings results on Thursday, August 4th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. UMH Properties had a negative net margin of 5.23% and a negative return on equity of 4.24%. On average, equities analysts forecast that UMH Properties Inc. will post $0.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 15th will be issued a $0.18 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.14%. UMH Properties’s dividend payout ratio is presently -399.98%.
A number of equities research analysts have recently issued reports on UMH shares. Zacks Investment Research upgraded UMH Properties from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Thursday, July 28th. Wunderlich boosted their price objective on UMH Properties from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, August 8th.
About UMH Properties
UMH Properties, Inc operates as a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. It also leases homes to residents, and through its REIT subsidiary, UMH Sales and Finance, Inc (S&F), the Company sells and finances the sale of manufactured homes in its communities.
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