Insider Buying: UMH Properties (NYSE:UMH) Director Acquires 1,300 Shares of Stock

UMH Properties, Inc. (NYSE:UMH) Director William Mitchell bought 1,300 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were bought at an average price of $15.30 per share, for a total transaction of $19,890.00. Following the acquisition, the director directly owned 36,828 shares of the company’s stock, valued at $563,468.40. This represents a 3.66% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

William Edward Mitchell also recently made the following trade(s):

• On Tuesday, September 15th, William Mitchell bought 67 shares of UMH Properties stock. The shares were purchased at an average price of $14.88 per share, for a total transaction of $996.96.
• On Monday, August 17th, William Mitchell acquired 64 shares of UMH Properties stock. The stock was purchased at an average cost of $15.62 per share, with a total value of $999.68.

UMH Properties Stock Performance

NYSE:UMH traded up $0.10 during mid-day trading on Friday, hitting $15.41. The stock had a trading volume of 486,159 shares, compared to its average volume of 627,980. The company’s 50 day simple moving average is $15.88 and its 200 day simple moving average is $15.41. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 128.46 and a beta of 0.97. The company has a debt-to-equity ratio of 1.28, a quick ratio of 6.90 and a current ratio of 6.90. UMH Properties, Inc. has a twelve month low of $13.93 and a twelve month high of $16.77.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.The company had revenue of $71.64 million during the quarter, compared to analysts’ expectations of $60.76 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. On average, equities research analysts forecast that UMH Properties, Inc. will post 1.01 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th were issued a dividend of $0.2250 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.8%. UMH Properties’s dividend payout ratio (DPR) is currently 750.00%.

Institutional Investors Weigh In On UMH Properties

A number of institutional investors have recently made changes to their positions in UMH. BlackRock Inc. acquired a new stake in shares of UMH Properties during the second quarter worth $127,139,000. Private Management Group Inc. increased its stake in shares of UMH Properties by 1.7% in the 2nd quarter. Private Management Group Inc. now owns 1,970,696 shares of the real estate investment trust’s stock valued at $29,836,000 after acquiring an additional 33,589 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of UMH Properties by 4.2% during the 1st quarter. D.A. Davidson & CO. now owns 1,771,311 shares of the real estate investment trust’s stock valued at $25,560,000 after acquiring an additional 71,015 shares during the period. Dimensional Fund Advisors LP grew its holdings in UMH Properties by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,175,769 shares of the real estate investment trust’s stock worth $16,966,000 after purchasing an additional 42,964 shares during the period. Finally, Bank of America Corp DE acquired a new stake in UMH Properties in the second quarter worth $15,655,000. Institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UMH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UMH Properties in a report on Friday, July 31st. Odeon Capital Group set a $17.50 price objective on shares of UMH Properties in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, UMH Properties presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

UMH Properties Company Profile

UMH Properties, Inc is a real estate investment trust that owns and operates manufactured housing communities in the United States. The company provides residents with affordable housing options through land-lease communities, where homeowners typically own their manufactured homes while leasing the underlying land from UMH.

UMH’s activities include acquiring, developing, expanding and managing manufactured housing communities, as well as selling and leasing manufactured homes. Its portfolio includes company-owned homes that are offered for rent, providing an additional source of housing for residents who may prefer not to purchase a home.

Founded in 1968, UMH serves markets primarily in the Midwest and Mid-Atlantic regions, including communities in states such as Ohio, Indiana, Michigan, Pennsylvania, Tennessee, New Jersey, New York, Maryland, Illinois, Alabama and Kentucky.