Samuel A. Landy Sells 50,000 Shares of UMH Properties, Inc. (NYSE:UMH) Stock

UMH Properties, Inc. (NYSE:UMH) CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $19.54 on Friday. The company has a market capitalization of $1.54 billion, a P/E ratio of 150.32, a P/E/G ratio of 3.54 and a beta of 1.30. UMH Properties, Inc. has a 1-year low of $13.91 and a 1-year high of $20.64. The firm’s 50 day simple moving average is $19.24 and its two-hundred day simple moving average is $17.71. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of $60.67 million for the quarter, compared to analysts’ expectations of $61.57 million. During the same quarter last year, the firm posted $0.22 EPS. Research analysts expect that UMH Properties, Inc. will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio is currently 661.59%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its position in shares of UMH Properties by 2.2% during the third quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 663 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in UMH Properties by 36.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 698 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of UMH Properties by 7.2% during the 2nd quarter. Diversified Trust Co now owns 15,212 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 1,024 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of UMH Properties by 6.4% during the 2nd quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. grew its position in shares of UMH Properties by 2.4% during the second quarter. Cornercap Investment Counsel Inc. now owns 48,046 shares of the real estate investment trust’s stock valued at $768,000 after purchasing an additional 1,124 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on UMH. B. Riley upped their price objective on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research report on Thursday, August 15th. Alliance Global Partners started coverage on shares of UMH Properties in a research note on Thursday, July 18th. They issued a “buy” rating and a $21.00 price objective on the stock. StockNews.com lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Wedbush raised their target price on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.25.

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.