UMH Properties, Inc. (UMH) Director Acquires $10,004.40 in Stock
UMH Properties, Inc. (NYSE:UMH) Director Matthew I. Hirsch purchased 630 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was acquired at an average cost of $15.88 per share, for a total transaction of $10,004.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Matthew I. Hirsch also recently made the following trade(s):
- On Monday, May 15th, Matthew I. Hirsch purchased 635 shares of UMH Properties stock. The stock was acquired at an average cost of $15.75 per share, for a total transaction of $10,001.25.
UMH Properties, Inc. (UMH) traded up 0.36% during midday trading on Tuesday, hitting $16.58. 115,278 shares of the company were exchanged. The stock’s market capitalization is $518.61 million. UMH Properties, Inc. has a 1-year low of $11.28 and a 1-year high of $17.90. The stock has a 50 day moving average of $17.07 and a 200-day moving average of $15.39.
UMH Properties (NYSE:UMH) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. UMH Properties had a return on equity of 0.46% and a net margin of 0.59%. The business had revenue of $26.45 million during the quarter. Equities analysts expect that UMH Properties, Inc. will post ($0.11) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be given a $0.18 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.72 annualized dividend and a yield of 4.36%. UMH Properties’s payout ratio is presently -720.00%.
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Several research firms have commented on UMH. Sidoti lifted their target price on shares of UMH Properties from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Wunderlich lifted their target price on shares of UMH Properties from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. ValuEngine cut shares of UMH Properties from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. FBR & Co reissued an “outperform” rating and set a $18.50 target price on shares of UMH Properties in a research report on Tuesday, July 11th. Finally, BidaskClub cut shares of UMH Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.88.
A hedge fund recently raised its stake in UMH Properties stock. Bank of Montreal Can boosted its position in UMH Properties, Inc. (NYSE:UMH) by 787.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,392 shares of the real estate investment trust’s stock after buying an additional 9,221 shares during the period. Bank of Montreal Can’s holdings in UMH Properties were worth $177,000 as of its most recent SEC filing. Institutional investors and hedge funds own 45.39% of the company’s stock.
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.
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