UMH PROPERTIES/SH SH (NYSE:UMH) Director Matthew I. Hirsch acquired 1,000 shares of UMH PROPERTIES/SH SH stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average cost of $12.77 per share, with a total value of $12,770.00. Following the completion of the acquisition, the director now owns 18,661 shares of the company’s stock, valued at approximately $238,300.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Matthew I. Hirsch also recently made the following trade(s):
- On Thursday, November 15th, Matthew I. Hirsch acquired 808 shares of UMH PROPERTIES/SH SH stock. The shares were purchased at an average cost of $12.38 per share, with a total value of $10,003.04.
UMH stock traded up $0.30 during midday trading on Thursday, hitting $13.14. 343,337 shares of the stock were exchanged, compared to its average volume of 184,720. The stock has a market cap of $483.63 million, a PE ratio of 18.51, a P/E/G ratio of 1.75 and a beta of 0.48. UMH PROPERTIES/SH SH has a fifty-two week low of $11.38 and a fifty-two week high of $16.69. The company has a debt-to-equity ratio of 2.44, a quick ratio of 4.12 and a current ratio of 4.12.
UMH PROPERTIES/SH SH (NYSE:UMH) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.28). The firm had revenue of $33.45 million for the quarter, compared to analyst estimates of $32.20 million. UMH PROPERTIES/SH SH had a negative return on equity of 14.43% and a negative net margin of 19.73%. As a group, equities research analysts predict that UMH PROPERTIES/SH SH will post 0.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.72 annualized dividend and a yield of 5.48%. UMH PROPERTIES/SH SH’s dividend payout ratio is presently 101.41%.
A number of hedge funds have recently modified their holdings of UMH. Nisa Investment Advisors LLC acquired a new position in UMH PROPERTIES/SH SH during the second quarter worth $139,000. Aperio Group LLC acquired a new position in shares of UMH PROPERTIES/SH SH in the second quarter worth $252,000. Boston Partners acquired a new position in shares of UMH PROPERTIES/SH SH in the second quarter worth $4,240,000. Rhumbline Advisers raised its holdings in shares of UMH PROPERTIES/SH SH by 18.9% in the second quarter. Rhumbline Advisers now owns 35,225 shares of the real estate investment trust’s stock worth $541,000 after acquiring an additional 5,609 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of UMH PROPERTIES/SH SH by 8.7% in the second quarter. Bank of New York Mellon Corp now owns 256,518 shares of the real estate investment trust’s stock worth $3,938,000 after acquiring an additional 20,482 shares during the last quarter. 54.82% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on UMH shares. Zacks Investment Research cut UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. B. Riley reduced their price objective on UMH PROPERTIES/SH SH from $17.00 to $16.00 and set a “buy” rating for the company in a report on Monday, November 5th. Boenning Scattergood set a $20.00 price objective on UMH PROPERTIES/SH SH and gave the stock a “buy” rating in a report on Monday, November 5th. Finally, ValuEngine raised UMH PROPERTIES/SH SH from a “hold” rating to a “buy” rating in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $17.33.
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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 115 manufactured home communities containing approximately 20,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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