Insider Selling: UMH Properties, Inc. (NYSE:UMH) Director Sells 1,200 Shares of Stock

UMH Properties, Inc. (NYSE:UMH) Director Kiernan Conway sold 1,200 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $14.17, for a total transaction of $17,004.00. Following the sale, the director now directly owns 141 shares in the company, valued at $1,997.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

UMH Properties Stock Performance

Shares of UMH opened at $14.06 on Monday. The firm has a fifty day moving average of $14.17 and a 200-day moving average of $15.18. The company has a market cap of $933.58 million, a price-to-earnings ratio of -58.58, a price-to-earnings-growth ratio of 4.24 and a beta of 1.28. The company has a debt-to-equity ratio of 1.72, a quick ratio of 6.17 and a current ratio of 6.17. UMH Properties, Inc. has a 1 year low of $13.26 and a 1 year high of $18.87.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.83%. The ex-dividend date is Tuesday, November 14th. UMH Properties’s dividend payout ratio (DPR) is -341.67%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UMH shares. Wedbush boosted their price objective on shares of UMH Properties from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. StockNews.com began coverage on UMH Properties in a report on Thursday, October 5th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.50.

Institutional Investors Weigh In On UMH Properties

Several large investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in UMH Properties in the 1st quarter worth approximately $58,000. Federated Hermes Inc. grew its stake in shares of UMH Properties by 54.9% in the third quarter. Federated Hermes Inc. now owns 2,414 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 856 shares in the last quarter. Spire Wealth Management grew its stake in shares of UMH Properties by 177.8% in the third quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,125 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of UMH Properties by 1,600.0% during the second quarter. Quantbot Technologies LP now owns 3,400 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 3,200 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of UMH Properties by 22.4% during the second quarter. Ameritas Investment Partners Inc. now owns 4,546 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 832 shares in the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia.