UMH Properties Inc. (NYSE:UMH) insider Real Estate Investmen Monmouth acquired 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were purchased at an average price of $11.76 per share, with a total value of $152,880.00. Following the acquisition, the insider now owns 1,002,326 shares of the company’s stock, valued at approximately $11,787,353.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

UMH Properties Inc. (NYSE:UMH) opened at 13.38 on Tuesday. The company’s 50-day moving average is $11.98 and its 200-day moving average is $11.44. UMH Properties Inc. has a one year low of $9.00 and a one year high of $13.50. The firm’s market cap is $383.59 million.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders 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 5.38%. UMH Properties’s dividend payout ratio (DPR) is currently -423.50%.

A number of research analysts recently issued reports on UMH shares. Zacks Investment Research upgraded shares of 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 shares of UMH Properties from $11.00 to $13.00 and gave the company 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.

5 Day Chart for NYSE:UMH

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