UMH Properties (NYSE:UMH) Director Michael Landy Buys 10,000 Shares of Stock

UMH Properties, Inc. (NYSE:UMH) Director Michael Landy bought 10,000 shares of UMH Properties stock in a transaction that occurred on Monday, September 29th. The shares were acquired at an average cost of $14.46 per share, for a total transaction of $144,600.00. Following the acquisition, the director owned 362,052 shares in the company, valued at $5,235,271.92. The trade was a 2.84% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

UMH Properties Price Performance

UMH stock opened at $14.71 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 8.56 and a current ratio of 8.56. UMH Properties, Inc. has a 52 week low of $14.37 and a 52 week high of $20.42. The firm’s fifty day moving average is $15.75 and its 200 day moving average is $16.72. The firm has a market cap of $1.25 billion, a P/E ratio of 105.04, a P/E/G ratio of 2.52 and a beta of 1.07.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The business had revenue of $66.64 million for the quarter, compared to the consensus estimate of $66.07 million. Research analysts predict that UMH Properties, Inc. will post 0.93 earnings per share for the current year.

Analyst Ratings Changes

UMH has been the topic of several recent research reports. Wall Street Zen lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Wedbush raised shares of UMH Properties to a “hold” rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.25.

Institutional Trading of UMH Properties

A number of large investors have recently made changes to their positions in UMH. Osaic Holdings Inc. grew its position in UMH Properties by 6.8% during the second quarter. Osaic Holdings Inc. now owns 13,062 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 827 shares during the period. CANADA LIFE ASSURANCE Co grew its position in UMH Properties by 13.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 118,627 shares of the real estate investment trust’s stock valued at $1,990,000 after buying an additional 14,343 shares during the period. Tower Research Capital LLC TRC grew its position in UMH Properties by 468.6% during the second quarter. Tower Research Capital LLC TRC now owns 14,385 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 11,855 shares during the period. BNP Paribas Financial Markets grew its position in UMH Properties by 127.5% during the second quarter. BNP Paribas Financial Markets now owns 9,182 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 5,146 shares during the period. Finally, Bank of America Corp DE grew its position in UMH Properties by 8.3% during the second quarter. Bank of America Corp DE now owns 1,189,252 shares of the real estate investment trust’s stock valued at $19,968,000 after buying an additional 91,202 shares during the period. 75.40% of the stock is currently owned by institutional investors.

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.