UMH Properties, Inc. (NYSE:UMH) Director Kenneth K. Quigley, Jr. bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average cost of $15.38 per share, for a total transaction of $15,380.00. Following the transaction, the director now owns 4,485 shares of the company’s stock, valued at $68,979.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kenneth K. Quigley, Jr. also recently made the following trade(s):

  • On Wednesday, November 15th, Kenneth K. Quigley, Jr. bought 70 shares of UMH Properties stock. The shares were bought at an average cost of $14.38 per share, for a total transaction of $1,006.60.
  • On Monday, October 16th, Kenneth K. Quigley, Jr. bought 66 shares of UMH Properties stock. The shares were bought at an average cost of $15.13 per share, for a total transaction of $998.58.
  • On Friday, September 15th, Kenneth K. Quigley, Jr. bought 66 shares of UMH Properties stock. The shares were bought at an average cost of $15.13 per share, for a total transaction of $998.58.

Shares of UMH Properties, Inc. (UMH) opened at $15.23 on Tuesday. UMH Properties, Inc. has a 52 week low of $12.96 and a 52 week high of $17.90. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $536.13, a PE ratio of 22.25, a PEG ratio of 2.10 and a beta of 0.60.

UMH Properties (NYSE:UMH) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.34). UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The company had revenue of $28.69 million during the quarter, compared to the consensus estimate of $28.79 million. During the same period last year, the firm posted ($0.02) EPS. The company’s revenue was up 13.1% on a year-over-year basis. analysts expect that UMH Properties, Inc. will post 0.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Tuesday, November 14th. UMH Properties’s payout ratio is -327.26%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank purchased a new stake in shares of UMH Properties in the 2nd quarter worth approximately $769,000. Susquehanna International Group LLP purchased a new stake in shares of UMH Properties in the 2nd quarter worth approximately $305,000. JPMorgan Chase & Co. grew its stake in shares of UMH Properties by 42.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 178,469 shares of the real estate investment trust’s stock worth $3,043,000 after buying an additional 53,511 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of UMH Properties by 58.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 105,678 shares of the real estate investment trust’s stock worth $1,802,000 after buying an additional 38,830 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of UMH Properties in the 2nd quarter worth approximately $2,749,000. 54.93% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on UMH. Janney Montgomery Scott began coverage on UMH Properties in a report on Friday, September 8th. They set a “buy” rating on the stock. Zacks Investment Research upgraded UMH Properties from a “strong sell” rating to a “hold” rating in a report on Friday, October 13th. DA Davidson began coverage on UMH Properties in a report on Friday, September 1st. They set a “buy” rating and a $18.00 price target on the stock. BidaskClub upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, B. Riley reiterated a “buy” rating and set a $17.50 price target on shares of UMH Properties in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.50.

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About UMH Properties

UMH Properties, Inc (UMH) is 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. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.

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

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