UMH Properties, Inc. (NYSE:UMH) Director Kiernan Conway Sells 2,500 Shares of Stock

UMH Properties, Inc. (NYSE:UMH – Get Rating) Director Kiernan Conway sold 2,500 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $15.34, for a total transaction of $38,350.00. Following the completion of the sale, the director now directly owns 492 shares of the company’s stock, valued at approximately $7,547.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

UMH Properties Price Performance

Shares of NYSE UMH opened at $15.45 on Tuesday. UMH Properties, Inc. has a twelve month low of $13.73 and a twelve month high of $21.46. The company has a debt-to-equity ratio of 2.18, a current ratio of 5.49 and a quick ratio of 5.49. The firm has a 50-day moving average of $14.97 and a two-hundred day moving average of $16.30.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, May 15th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Friday, May 12th. UMH Properties’s payout ratio is -122.39%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UMH. EF Hutton Acquisition Co. I reaffirmed a “buy” rating and issued a $21.00 price objective on shares of UMH Properties in a report on Wednesday, March 1st. StockNews.com began coverage on shares of UMH Properties in a report on Thursday, May 18th. They issued a “sell” rating for the company. Finally, TheStreet raised shares of UMH Properties from a “d+” rating to a “c” rating in a report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, UMH Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

Institutional Investors Weigh In On UMH Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. lifted its holdings in UMH Properties by 54.9% in the 3rd quarter. Federated Hermes Inc. now owns 2,414 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 856 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in UMH Properties during the 1st quarter worth about $58,000. Quantbot Technologies LP raised its holdings in UMH Properties by 1,600.0% during the 2nd quarter. Quantbot Technologies LP now owns 3,400 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 3,200 shares during the period. Ridgewood Investments LLC acquired a new stake in UMH Properties during the 1st quarter worth about $72,000. Finally, Quarry LP raised its holdings in UMH Properties by 344.6% during the 1st quarter. Quarry LP now owns 5,713 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 4,428 shares during the period. 71.25% of the stock is owned by institutional investors and hedge funds.

UMH Properties Company Profile

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UMH Properties, Inc operates as a real estate investment trust. It engages in the ownership and operation of manufactured home communities in seven states throughout the northeast. These states include New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. Manufactured home communities provide long-term appreciation, recession resistant qualities, and stable income streams.