UMH Properties (NYSE:UMH) Sets New 1-Year High at $17.94

Shares of UMH Properties, Inc. (NYSE:UMH) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.94 and last traded at $17.91, with a volume of 54533 shares trading hands. The stock had previously closed at $17.70.

Analyst Ratings Changes

A number of research firms have recently issued reports on UMH. B. Riley reiterated a “buy” rating and issued a $18.50 target price on shares of UMH Properties in a research note on Thursday, May 30th. Alliance Global Partners began coverage on UMH Properties in a research note on Thursday, July 18th. They issued a “buy” rating and a $21.00 target price for the company. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Wedbush reiterated a “neutral” rating and issued a $17.00 target price on shares of UMH Properties in a research note on Monday, May 13th. Finally, William Blair reiterated a “neutral” rating on shares of UMH Properties in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UMH Properties has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

UMH Properties Trading Down 1.6 %

The business has a 50 day simple moving average of $15.87 and a two-hundred day simple moving average of $15.62. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.59. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -116.06, a price-to-earnings-growth ratio of 3.20 and a beta of 1.29.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.86 dividend on an annualized basis and a yield of 4.94%. UMH Properties’s dividend payout ratio (DPR) is presently -573.30%.

Insider Buying and Selling at UMH Properties

In other UMH Properties news, Director Michael P. Landy acquired 4,700 shares of the stock in a transaction on Tuesday, June 18th. The stock was purchased at an average price of $15.45 per share, for a total transaction of $72,615.00. Following the purchase, the director now directly owns 341,796 shares in the company, valued at $5,280,748.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael P. Landy bought 4,700 shares of UMH Properties stock in a transaction on Tuesday, June 18th. The shares were bought at an average price of $15.45 per share, with a total value of $72,615.00. Following the acquisition, the director now directly owns 341,796 shares in the company, valued at approximately $5,280,748.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total value of $375,250.00. Following the transaction, the chief executive officer now directly owns 1,149,565 shares in the company, valued at approximately $17,254,970.65. The disclosure for this sale can be found here. 8.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EntryPoint Capital LLC lifted its holdings in UMH Properties by 843.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,806 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of UMH Properties by 382.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,711 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of UMH Properties by 52.7% in the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 1,856 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of UMH Properties by 1,440.7% in the 4th quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 7,391 shares during the last quarter. Finally, New York Life Investment Management LLC bought a new stake in shares of UMH Properties in the 4th quarter worth approximately $156,000. Institutional investors own 75.40% of the company’s stock.

About UMH Properties

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.