UMH PROPERTIES/SH SH (UMH) Chairman Eugene W. Landy Sells 8,000 Shares

UMH PROPERTIES/SH SH (NYSE:UMH) Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $13.20, for a total transaction of $105,600.00. Following the completion of the transaction, the chairman now directly owns 623,243 shares in the company, valued at $8,226,807.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Eugene W. Landy also recently made the following trade(s):

  • On Friday, March 15th, Eugene W. Landy sold 8,000 shares of UMH PROPERTIES/SH SH stock. The shares were sold at an average price of $13.56, for a total transaction of $108,480.00.

Shares of NYSE UMH opened at $13.15 on Monday. The firm has a market cap of $519.57 million, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.82 and a beta of 0.74. UMH PROPERTIES/SH SH has a one year low of $11.14 and a one year high of $16.69. The company has a debt-to-equity ratio of 3.05, a quick ratio of 2.73 and a current ratio of 2.73.

UMH PROPERTIES/SH SH (NYSE:UMH) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $34.29 million for the quarter, compared to analysts’ expectations of $34.67 million. UMH PROPERTIES/SH SH had a negative return on equity of 11.83% and a negative net margin of 13.68%. Analysts forecast that UMH PROPERTIES/SH SH will post 0.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 5.48%. UMH PROPERTIES/SH SH’s payout ratio is currently 97.30%.

Several hedge funds and other institutional investors have recently modified their holdings of UMH. Quantamental Technologies LLC purchased a new stake in shares of UMH PROPERTIES/SH SH in the 4th quarter worth about $33,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in UMH PROPERTIES/SH SH by 114.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,937 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,569 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of UMH PROPERTIES/SH SH during the 4th quarter valued at about $52,000. Great West Life Assurance Co. Can increased its stake in shares of UMH PROPERTIES/SH SH by 44.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 5,945 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 1,816 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of UMH PROPERTIES/SH SH by 32.0% during the 4th quarter. Legal & General Group Plc now owns 6,547 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 1,589 shares during the last quarter. Institutional investors own 54.76% of the company’s stock.

Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a research note on Saturday, May 11th. Boenning Scattergood reissued a “buy” rating and issued a $19.50 price objective on shares of UMH PROPERTIES/SH SH in a research note on Monday, March 11th.

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UMH PROPERTIES/SH SH Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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