Insider Selling: UMH Properties, Inc. (NYSE:UMH) Director Sells 39,974 Shares of Stock

UMH Properties, Inc. (NYSE:UMH) Director William Edward Mitchell sold 39,974 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.94, for a total transaction of $677,159.56. Following the completion of the transaction, the director now directly owns 115,627 shares of the company’s stock, valued at approximately $1,958,721.38. The trade was a 25.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

William Edward Mitchell also recently made the following trade(s):

• On Thursday, May 8th, William Edward Mitchell sold 70,852 shares of UMH Properties stock. The stock was sold at an average price of $17.20, for a total transaction of $1,218,654.40.

UMH Properties Stock Performance

NYSE UMH opened at $17.20 on Monday. UMH Properties, Inc. has a 52-week low of $14.73 and a 52-week high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The company has a market capitalization of $1.45 billion, a P/E ratio of 132.34, a P/E/G ratio of 2.93 and a beta of 1.14. The company has a fifty day moving average of $17.62 and a 200-day moving average of $18.28.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $61.23 million during the quarter, compared to the consensus estimate of $62.82 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. As a group, equities research analysts predict that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.23%. UMH Properties’s payout ratio is currently 750.00%.

Institutional Trading of UMH Properties

Hedge funds have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. bought a new stake in UMH Properties in the fourth quarter worth $26,000. Farther Finance Advisors LLC grew its holdings in shares of UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,456 shares during the last quarter. KBC Group NV bought a new position in shares of UMH Properties in the first quarter worth approximately $32,000. Stone House Investment Management LLC bought a new position in shares of UMH Properties in the first quarter worth approximately $34,000. Finally, Summit Securities Group LLC bought a new position in shares of UMH Properties in the first quarter worth approximately $35,000. 75.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UMH. B. Riley reaffirmed a “buy” rating on shares of UMH Properties in a report on Tuesday, May 13th. Maxim Group dropped their price objective on shares of UMH Properties from $22.00 to $20.50 and set a “buy” rating for the company in a report on Monday, May 5th. Finally, StockNews.com downgraded shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.00.

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.