Matthew I. Hirsch Purchases 899 Shares of UMH Properties Inc. (UMH) Stock
UMH Properties Inc. (NYSE:UMH) Director Matthew I. Hirsch acquired 899 shares of the stock in a transaction dated Monday, October 17th. The shares were bought at an average price of $11.13 per share, for a total transaction of $10,005.87. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
UMH Properties Inc. (NYSE:UMH) traded up 1.88% during mid-day trading on Tuesday, hitting $11.95. 91,891 shares of the stock traded hands. UMH Properties Inc. has a 12 month low of $9.00 and a 12 month high of $12.70. The company’s 50 day moving average is $11.83 and its 200 day moving average is $11.14. The company’s market cap is $330.87 million.
UMH Properties (NYSE:UMH) last announced its earnings results on Thursday, August 4th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. UMH Properties had a negative net margin of 5.23% and a negative return on equity of 4.24%. On average, analysts expect that UMH Properties Inc. will post $0.73 earnings per share for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/matthew-i-hirsch-purchases-899-shares-of-umh-properties-inc-umh-stock.html
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 15th will be given 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 6.14%. UMH Properties’s payout ratio is currently -399.98%.
UMH has been the topic of several research reports. Wunderlich raised their price objective on shares of UMH Properties from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of UMH Properties from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday, July 28th.
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.
Receive News & Ratings for UMH Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.