UMH Properties, Inc. (NYSE:UMH) Director Purchases $75,000.00 in Stock
UMH Properties, Inc. (NYSE:UMH) Director James E. Mitchell bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $75,000.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $75,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
UMH Properties, Inc. (NYSE UMH) traded up 0.24% on Friday, hitting $16.58. The company had a trading volume of 181,709 shares. The stock’s market capitalization is $518.61 million. UMH Properties, Inc. has a one year low of $11.28 and a one year high of $17.90. The stock has a 50 day moving average of $17.12 and a 200-day moving average of $15.65.
UMH Properties (NYSE:UMH) last issued its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The firm had revenue of $26.45 million during the quarter. UMH Properties had a net margin of 0.59% and a return on equity of 0.46%. Equities analysts anticipate that UMH Properties, Inc. will post ($0.11) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be paid a $0.18 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.72 annualized dividend and a dividend yield of 4.34%. UMH Properties’s payout ratio is presently -720.00%.
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A number of research firms recently weighed in on UMH. ValuEngine lowered UMH Properties from a “buy” rating to a “hold” rating in a 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 report on Tuesday, July 11th. BidaskClub lowered UMH Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Sidoti boosted their target price on UMH Properties from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Finally, Wunderlich boosted their target price on UMH Properties from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. UMH Properties has an average rating of “Buy” and a consensus target price of $17.88.
Hedge funds have recently modified their holdings of the stock. Aperio Group LLC raised its stake in shares of UMH Properties by 6.0% in the second quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 617 shares during the last quarter. Bank of Montreal Can raised its stake in shares of UMH Properties by 787.4% in the second quarter. Bank of Montreal Can now owns 10,392 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 9,221 shares during the last quarter. Finally, Creative Planning raised its stake in shares of UMH Properties by 227.1% in the second quarter. Creative Planning now owns 6,049 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors 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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