Key Points
- Director purchase: UMH director William Edward Mitchell acquired 2,000 shares on Nov. 24 at $14.92 for $29,840, raising his stake to 28,737 shares (a 7.48% increase); he had sold 2,000 shares on Nov. 10 at $15.00 and the transaction was filed with the SEC.
- Dividend: UMH declared a quarterly dividend of $0.225 (annualized $0.90) for a ~6.0% yield, with an ex-dividend date of Nov. 17 and payment on Dec. 15, while the reported dividend payout ratio is an unusually high 1,125%.
- Analyst/valuation snapshot: The consensus rating is "Hold" with an average target of $18.50; UMH has a $1.27B market cap, a P/E of 106.32, and a 52-week range of $13.95–$20.03.
UMH Properties, Inc. (NYSE:UMH - Get Free Report) Director William Edward Mitchell acquired 2,000 shares of UMH Properties stock in a transaction dated Monday, November 24th. The stock was purchased at an average cost of $14.92 per share, with a total value of $29,840.00. Following the completion of the purchase, the director owned 28,737 shares of the company's stock, valued at approximately $428,756.04. This represents a 7.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
William Edward Mitchell also recently made the following trade(s):
- On Monday, November 10th, William Edward Mitchell sold 2,000 shares of UMH Properties stock. The shares were sold at an average price of $15.00, for a total value of $30,000.00.
UMH Properties Stock Performance
Shares of UMH Properties stock opened at $14.89 on Tuesday. The stock's fifty day moving average is $14.70 and its two-hundred day moving average is $15.86. The company has a quick ratio of 8.56, a current ratio of 8.56 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $1.27 billion, a PE ratio of 106.32, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06. UMH Properties, Inc. has a 52 week low of $13.95 and a 52 week high of $20.03.
UMH Properties (NYSE:UMH - Get Free Report) 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 the consensus estimate of $0.25. UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The company had revenue of $66.92 million during the quarter, compared to analysts' expectations of $68.70 million. As a group, analysts expect that UMH Properties, Inc. will post 0.93 earnings per share for the current year.
UMH Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, November 17th. UMH Properties's dividend payout ratio (DPR) is 1,125.00%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on UMH. Cantor Fitzgerald assumed coverage on shares of UMH Properties in a report on Wednesday, October 1st. They issued a "neutral" rating and a $15.00 price target on the stock. Weiss Ratings restated a "hold (c)" rating on shares of UMH Properties in a research note on Wednesday, October 8th. Finally, B. Riley decreased their price target on UMH Properties from $19.00 to $18.50 and set a "buy" rating for the company in a research note on Monday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $18.50.
View Our Latest Report on UMH
Institutional Investors Weigh In On UMH Properties
Several hedge funds have recently added to or reduced their stakes in UMH. Allianz Asset Management GmbH purchased a new position in UMH Properties during the first quarter valued at approximately $788,000. Avantax Advisory Services Inc. grew its position in shares of UMH Properties by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust's stock valued at $491,000 after acquiring an additional 671 shares during the period. XTX Topco Ltd purchased a new position in shares of UMH Properties in the 1st quarter valued at about $407,000. Deutsche Bank AG raised its holdings in UMH Properties by 0.8% in the 1st quarter. Deutsche Bank AG now owns 82,605 shares of the real estate investment trust's stock worth $1,545,000 after purchasing an additional 682 shares during the period. Finally, Nuveen LLC purchased a new position in UMH Properties during the first quarter worth approximately $19,209,000. 75.40% of the stock is owned by hedge funds and other institutional investors.
UMH Properties Company Profile
(
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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