William Edward Mitchell Sells 2,000 Shares of UMH Properties (NYSE:UMH) Stock

UMH Properties, Inc. (NYSE:UMH) Director William Edward Mitchell sold 2,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $15.00, for a total transaction of $30,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

UMH Properties Price Performance

NYSE:UMH opened at $15.17 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 8.56 and a quick ratio of 8.56. UMH Properties, Inc. has a one year low of $13.95 and a one year high of $20.03. The company has a fifty day moving average price of $14.73 and a 200 day moving average price of $16.01. The stock has a market cap of $1.29 billion, a P/E ratio of 108.36, a PEG ratio of 2.49 and a beta of 1.06.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The company had revenue of $66.92 million for the quarter, compared to analyst estimates of $68.70 million. Analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, November 17th. UMH Properties’s payout ratio is currently 1,125.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stone House Investment Management LLC bought a new stake in shares of UMH Properties in the 1st quarter valued at approximately $34,000. Summit Securities Group LLC bought a new position in shares of UMH Properties during the 1st quarter worth approximately $35,000. Cloud Capital Management LLC bought a new position in shares of UMH Properties during the 3rd quarter worth approximately $29,000. KBC Group NV boosted its stake in UMH Properties by 74.0% in the 2nd quarter. KBC Group NV now owns 3,005 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,278 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in UMH Properties in the second quarter valued at $52,000. Institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on UMH. Wall Street Zen cut UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald initiated coverage on UMH Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $15.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.50.

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.