Key Points
- UMH Properties director William Mitchell bought 1,300 shares at an average price of $15.06, spending $19,578. After the purchase, he owned 38,682 shares, a 3.48% increase in his position.
- Third-quarter revenue of $74.14 million topped the $62.23 million consensus estimate, but EPS was a loss of $0.02, missing the expected $0.04.
- UMH declared a quarterly dividend of $0.225 per share, equivalent to $0.90 annually and a reported yield of 5.8%.
UMH Properties, Inc. (NYSE:UMH - Get Free Report) Director William Mitchell purchased 1,300 shares of the firm's stock in a transaction dated Wednesday, November 4th. The stock was acquired at an average cost of $15.06 per share, with a total value of $19,578.00. Following the purchase, the director owned 38,682 shares of the company's stock, valued at approximately $582,550.92. This represents a 3.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
William Edward Mitchell also recently made the following trade(s):
- On Thursday, October 15th, William Mitchell purchased 68 shares of UMH Properties stock. The shares were acquired at an average cost of $14.62 per share, for a total transaction of $994.16.
- On Friday, September 25th, William Mitchell acquired 1,300 shares of UMH Properties stock. The shares were bought at an average price of $15.30 per share, for a total transaction of $19,890.00.
- On Tuesday, September 15th, William Mitchell acquired 67 shares of UMH Properties stock. The shares were bought at an average price of $14.88 per share, for a total transaction of $996.96.
- On Monday, August 17th, William Mitchell acquired 64 shares of UMH Properties stock. The stock was bought at an average cost of $15.62 per share, with a total value of $999.68.
UMH Properties Stock Performance
UMH stock opened at $15.47 on Thursday. The company has a market capitalization of $1.33 billion, a P/E ratio of 309.50 and a beta of 0.99. The company has a 50-day simple moving average of $15.53 and a 200 day simple moving average of $15.46. UMH Properties, Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $16.77. The company has a quick ratio of 6.90, a current ratio of 6.83 and a debt-to-equity ratio of 1.43.
UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Monday, November 2nd. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). The company had revenue of $74.14 million during the quarter, compared to the consensus estimate of $62.23 million. UMH Properties had a net margin of 9.04% and a return on equity of 4.47%. Sell-side analysts predict that UMH Properties, Inc. will post 0.99 earnings per share for the current fiscal year.
UMH Properties Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be paid a $0.2250 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, November 16th. UMH Properties's dividend payout ratio is currently 750.00%.
Key UMH Properties News
Here are the key news stories impacting UMH Properties this week:
- Positive Sentiment: Management highlighted record home sales and roughly 10% growth in net operating income (NOI), pointing to continued strength in the company’s manufactured-home communities. Earnings call highlights
- Positive Sentiment: UMH tightened its 2026 normalized FFO guidance to $0.99–$1.03 per share; the midpoint is above the cited analyst consensus of $0.99. The company also discussed housing policy developments as part of its plans for 2027. 2026 guidance and plans
- Positive Sentiment: Two directors bought shares on Nov. 4: William Mitchell purchased 1,300 shares and Jeffrey Carus bought 500. Insider buying can signal confidence, though the purchases were modest in dollar terms. Mitchell SEC filing Carus SEC filing
- Neutral Sentiment: Third-quarter revenue of $74.1 million exceeded the cited $62.2 million estimate, but the quarter’s results were mixed. Third-quarter results
- Negative Sentiment: UMH reported EPS of negative $0.02, missing the $0.04 consensus estimate. The earnings shortfall may temper the positive reaction to revenue growth and operating metrics.
Institutional Trading of UMH Properties
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of UMH Properties by 56.1% in the third quarter. Farther Finance Advisors LLC now owns 2,039 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 733 shares during the period. Allworth Financial LP acquired a new position in UMH Properties during the second quarter worth about $45,000. Summit Securities Group LLC acquired a new position in UMH Properties during the first quarter worth about $46,000. State of Wyoming acquired a new position in UMH Properties during the second quarter worth about $72,000. Finally, Bard Associates Inc. bought a new stake in UMH Properties in the second quarter worth about $128,000. Institutional investors own 75.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on UMH. Weiss Ratings reiterated a "hold (c)" rating on shares of UMH Properties in a research note on Thursday, October 29th. Odeon Capital Group set a $17.50 target price on UMH Properties in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, UMH Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.
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