UMH Properties (NYSE:UMH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

UMH Properties, Inc. (NYSE:UMH)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.69 and traded as high as $16.17. UMH Properties shares last traded at $16.1550, with a volume of 713,562 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UMH shares. Colliers Securities upgraded shares of UMH Properties to a “buy” rating in a report on Thursday, December 4th. Cantor Fitzgerald assumed coverage on UMH Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $15.00 price objective on the stock. B. Riley reduced their price target on shares of UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Monday, November 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, UMH Properties presently has a consensus rating of “Moderate Buy” and an average price target of $18.20.

UMH Properties Stock Performance

The company has a market cap of $1.38 billion, a P/E ratio of 201.96, a price-to-earnings-growth ratio of 2.81 and a beta of 1.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.86 and a current ratio of 6.86. The business has a 50 day moving average price of $14.90 and a two-hundred day moving average price of $15.69.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $66.92 million for the quarter, compared to analysts’ expectations of $68.70 million. UMH Properties had a net margin of 10.47% and a return on equity of 4.47%. On average, sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 17th were issued a dividend of $0.225 per share. The ex-dividend date was Monday, November 17th. This represents a $0.90 annualized dividend and a dividend yield of 5.6%. UMH Properties’s dividend payout ratio (DPR) is presently 1,125.00%.

Insiders Place Their Bets

In other UMH Properties news, CEO Samuel A. Landy sold 22,100 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $14.76, for a total value of $326,196.00. Following the transaction, the chief executive officer directly owned 1,074,568 shares of the company’s stock, valued at approximately $15,860,623.68. This trade represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Edward Mitchell purchased 2,000 shares of the business’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $14.92 per share, with a total value of $29,840.00. Following the acquisition, the director directly owned 28,737 shares of the company’s stock, valued at $428,756.04. This trade represents a 7.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 12,809 shares of company stock valued at $185,944 and sold 44,100 shares valued at $639,996. 8.77% of the stock is owned by insiders.

Institutional Trading of UMH Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its holdings in UMH Properties by 0.8% during the first quarter. Deutsche Bank AG now owns 82,605 shares of the real estate investment trust’s stock worth $1,545,000 after acquiring an additional 682 shares during the period. Nuveen LLC purchased a new stake in shares of UMH Properties during the first quarter worth approximately $19,209,000. Russell Investments Group Ltd. boosted its position in UMH Properties by 71.9% during the first quarter. Russell Investments Group Ltd. now owns 366,810 shares of the real estate investment trust’s stock worth $6,859,000 after acquiring an additional 153,470 shares during the last quarter. Aberdeen Group plc increased its holdings in shares of UMH Properties by 3.6% in the first quarter. Aberdeen Group plc now owns 19,132 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 668 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of UMH Properties by 0.5% in the 1st quarter. American Century Companies Inc. now owns 2,105,608 shares of the real estate investment trust’s stock worth $39,375,000 after acquiring an additional 10,602 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

About UMH Properties

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.