Key Points
- Insider buying: UMH Properties Director William Mitchell purchased 1,300 shares for $19,890, increasing his direct ownership by 3.66% to 36,828 shares.
- Financial performance: UMH exceeded quarterly earnings expectations, reporting $0.05 EPS versus the $0.03 consensus and revenue of $71.64 million versus estimates of $60.76 million.
- Investor outlook: The company pays a quarterly dividend of $0.225, equivalent to a 5.8% yield, while analysts maintain a “Moderate Buy” consensus with a $17.25 target price.
UMH Properties, Inc. (NYSE:UMH - Get Free Report) Director William Mitchell purchased 1,300 shares of the company's stock in a transaction that occurred on Friday, September 25th. The shares were acquired at an average cost of $15.30 per share, with a total value of $19,890.00. Following the completion of the acquisition, the director directly owned 36,828 shares in the company, valued at approximately $563,468.40. This represents a 3.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
William Edward Mitchell also recently made the following trade(s):
- On Tuesday, September 15th, William Mitchell acquired 67 shares of UMH Properties stock. The stock was acquired at an average price of $14.88 per share, with a total value of $996.96.
- On Monday, August 17th, William Mitchell acquired 64 shares of UMH Properties stock. The stock was acquired at an average cost of $15.62 per share, for a total transaction of $999.68.
UMH Properties Price Performance
Shares of UMH stock opened at $15.41 on Friday. The stock's fifty day moving average is $15.88 and its 200-day moving average is $15.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 6.90 and a current ratio of 6.90. The stock has a market capitalization of $1.32 billion, a PE ratio of 128.46 and a beta of 0.97. UMH Properties, Inc. has a 52 week low of $13.93 and a 52 week high of $16.77.
UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.The company had revenue of $71.64 million during the quarter, compared to analyst estimates of $60.76 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Equities research analysts expect that UMH Properties, Inc. will post 1.01 EPS for the current fiscal year.
UMH Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 17th were given a $0.2250 dividend. This represents a $0.90 annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, August 17th. UMH Properties's dividend payout ratio (DPR) is presently 750.00%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Allworth Financial LP bought a new position in shares of UMH Properties in the 2nd quarter worth $45,000. Summit Securities Group LLC bought a new stake in UMH Properties in the first quarter valued at about $46,000. State of Wyoming acquired a new position in UMH Properties in the second quarter valued at about $72,000. Bard Associates Inc. acquired a new position in UMH Properties in the second quarter valued at about $128,000. Finally, AlphaCentric Advisors LLC bought a new position in UMH Properties during the first quarter worth about $144,000. Institutional investors and hedge funds own 75.40% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on UMH. Odeon Capital Group set a $17.50 target price on shares of UMH Properties in a research report on Thursday, July 9th. Weiss Ratings reissued a "hold (c)" rating on shares of UMH Properties in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, UMH Properties currently has an average rating of "Moderate Buy" and a consensus price target of $17.25.
Get Our Latest Analysis on UMH
About UMH Properties
(
Get Free Report)
UMH Properties, Inc is a real estate investment trust that owns and operates manufactured housing communities in the United States. The company provides residents with affordable housing options through land-lease communities, where homeowners typically own their manufactured homes while leasing the underlying land from UMH.
UMH's activities include acquiring, developing, expanding and managing manufactured housing communities, as well as selling and leasing manufactured homes. Its portfolio includes company-owned homes that are offered for rent, providing an additional source of housing for residents who may prefer not to purchase a home.
Founded in 1968, UMH serves markets primarily in the Midwest and Mid-Atlantic regions, including communities in states such as Ohio, Indiana, Michigan, Pennsylvania, Tennessee, New Jersey, New York, Maryland, Illinois, Alabama and Kentucky.
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