UMH Properties, Inc. (NYSE:UMH - Get Free Report) COO Brett Taft sold 9,800 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total value of $155,918.00. Following the completion of the transaction, the chief operating officer now directly owns 97,049 shares in the company, valued at approximately $1,544,049.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
UMH Properties Trading Down 1.4 %
UMH opened at $15.61 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 6.52 and a current ratio of 6.52. UMH Properties, Inc. has a 12 month low of $13.26 and a 12 month high of $16.85. The company has a fifty day simple moving average of $15.36 and a 200 day simple moving average of $14.85.
UMH Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be given a $0.215 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.51%. This is a boost from UMH Properties's previous quarterly dividend of $0.21. UMH Properties's dividend payout ratio is currently -546.63%.
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UMH has been the topic of a number of analyst reports. Compass Point increased their price target on UMH Properties from $20.00 to $21.50 and gave the company a "buy" rating in a research note on Thursday, March 21st. B. Riley initiated coverage on UMH Properties in a research note on Thursday, March 21st. They issued a "buy" rating and a $18.50 price target on the stock. Wedbush reissued a "neutral" rating and issued a $17.00 price target on shares of UMH Properties in a research note on Monday, March 25th. Finally, StockNews.com downgraded UMH Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.00.
Read Our Latest Analysis on UMH
Institutional Trading of UMH Properties
A number of large investors have recently made changes to their positions in the company. Private Management Group Inc. increased its holdings in UMH Properties by 609.8% during the 3rd quarter. Private Management Group Inc. now owns 1,036,353 shares of the real estate investment trust's stock worth $14,530,000 after purchasing an additional 890,355 shares in the last quarter. BlackRock Inc. increased its holdings in UMH Properties by 22.9% during the 2nd quarter. BlackRock Inc. now owns 4,759,328 shares of the real estate investment trust's stock worth $76,054,000 after purchasing an additional 886,892 shares in the last quarter. Vanguard Group Inc. increased its holdings in UMH Properties by 10.6% during the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust's stock worth $100,212,000 after purchasing an additional 629,427 shares in the last quarter. American Century Companies Inc. increased its holdings in UMH Properties by 29.5% during the 3rd quarter. American Century Companies Inc. now owns 2,532,194 shares of the real estate investment trust's stock worth $35,501,000 after purchasing an additional 576,304 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in UMH Properties by 106.2% during the 4th quarter. JPMorgan Chase & Co. now owns 923,943 shares of the real estate investment trust's stock worth $14,875,000 after purchasing an additional 475,945 shares in the last quarter. Institutional investors own 75.40% of the company's stock.
About UMH Properties
(
Get Free Report)
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.
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