Insider Selling: UMH Properties, Inc. (NYSE:UMH) CEO Sells 50,000 Shares of Stock

UMH Properties, Inc. (NYSE:UMH) CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the sale, the chief executive officer now directly owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

UMH Properties Trading Down 1.1 %

UMH opened at $19.54 on Friday. UMH Properties, Inc. has a one year low of $13.91 and a one year high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 150.32, a P/E/G ratio of 3.54 and a beta of 1.30. The stock’s 50 day moving average price is $19.24 and its 200-day moving average price is $17.71.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The business had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the previous year, the business earned $0.22 EPS. On average, equities analysts forecast that UMH Properties, Inc. will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Institutional Trading of UMH Properties

Several institutional investors and hedge funds have recently modified their holdings of UMH. Concurrent Investment Advisors LLC purchased a new position in UMH Properties during the 3rd quarter worth $614,000. Bank of New York Mellon Corp increased its stake in shares of UMH Properties by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 388,861 shares of the real estate investment trust’s stock valued at $6,218,000 after buying an additional 34,249 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of UMH Properties by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 421,850 shares of the real estate investment trust’s stock valued at $6,745,000 after acquiring an additional 41,774 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in UMH Properties by 245.9% in the first quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock worth $10,789,000 after acquiring an additional 472,307 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in UMH Properties by 843.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,806 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UMH. StockNews.com cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Wedbush upped their price objective on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. B. Riley lifted their target price on UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Alliance Global Partners started coverage on UMH Properties in a report on Thursday, July 18th. They set a “buy” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.25.

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.