UMH PROPERTIES/SH SH (NYSE:UMH) Chairman Sells $94,880.00 in Stock

UMH PROPERTIES/SH SH (NYSE:UMH) Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $11.86, for a total transaction of $94,880.00. Following the transaction, the chairman now owns 603,555 shares in the company, valued at approximately $7,158,162.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NYSE:UMH opened at $13.20 on Friday. The firm has a market cap of $531.67 million, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.62. UMH PROPERTIES/SH SH has a 12 month low of $11.14 and a 12 month high of $15.99. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 2.59. The company’s 50-day moving average price is $12.70 and its two-hundred day moving average price is $13.25.

UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.32). The firm had revenue of $37.23 million during the quarter, compared to analyst estimates of $36.26 million. UMH PROPERTIES/SH SH had a negative net margin of 23.38% and a negative return on equity of 22.16%. On average, research analysts expect that UMH PROPERTIES/SH SH will post 0.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.45%. UMH PROPERTIES/SH SH’s payout ratio is 97.30%.

Several analysts have recently weighed in on the stock. Compass Point assumed coverage on shares of UMH PROPERTIES/SH SH in a research report on Monday, July 22nd. They set a “buy” rating and a $19.50 target price on the stock. DA Davidson reiterated a “buy” rating on shares of UMH PROPERTIES/SH SH in a research report on Monday, July 29th. Zacks Investment Research lowered shares of UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a research report on Tuesday, June 11th. TheStreet lowered shares of UMH PROPERTIES/SH SH from a “c” rating to a “d+” rating in a research report on Wednesday, August 21st. Finally, Maxim Group set a $17.00 price target on shares of UMH PROPERTIES/SH SH and gave the company a “buy” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $17.40.

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in UMH PROPERTIES/SH SH by 137.5% in the 4th quarter. Bank of America Corp DE now owns 19,154 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 11,088 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of UMH PROPERTIES/SH SH by 5,101.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,918 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 6,785 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of UMH PROPERTIES/SH SH by 32.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 1,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of UMH PROPERTIES/SH SH by 114.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,937 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,569 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of UMH PROPERTIES/SH SH by 2.3% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 436,000 shares of the real estate investment trust’s stock worth $6,139,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors own 59.33% of the company’s stock.

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.

Featured Story: Why Invest in Dividend Achievers?

Insider Buying and Selling by Quarter for UMH PROPERTIES/SH SH (NYSE:UMH)

Receive News & Ratings for UMH PROPERTIES/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH PROPERTIES/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.