Insider Trading Update: UMH Properties, Inc. $UMH

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UMH Properties, Inc. (NYSE:UMH) insider have most recently took part in a trading activity. On Jun 15, 2017 Quigley Kenneth K Jr, Director bought 61 shares having total worth of $1,007 at the price of $16.5 per share, following the transaction a total of 2,027 shares owned by Quigley Kenneth K Jr. Before this latest buy, Quigley Kenneth K Jr purchased UMH at 2 other times during the past twelve months, for a total investment of $6,372 at an average of $14.6 per share.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 1 sell activities and 3 buy trades. Furthermore, over the past 12 months , the stock was traded 15 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 13 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 3 1 17.54%
12 Month 13 2 76.67%

Shares of UMH Properties, Inc. (NYSE:UMH) traded up 0.11% on Jun 19, 2017, hitting $17.42. 209,767 shares of the company’s stock traded hands. UMH Properties, Inc. has a 52 week low of $9.15 and a 52 week high of $17.89. The company’s market cap is $334 million.

UMH Properties, Inc. (NYSE:UMH) last announced its earnings results on May 9, 2017. The company reported 0.17 earnings per share (EPS) for the quarter, higher than the consensus estimate of -0.04 by $0.21. The company had revenue of $26 million for the quarter, compared to the consensus estimate of $27 million. During the same quarter in the previous year, the company posted 0.16 earnings per share. The company’s revenue for the quarter was up 13% on a year-over-year basis.

2017-05-09 2017-03-08 2016-11-08 2016-08-04 2016-05-09 2016-03-09 2015-11-04 2015-08-06 2015-03-11 2014-08-07
earnings per share 0.17 0.18 0.16 0.16 0.16 0.14 0.15 0.12 0.15 0.11
Revenue(M) 26.45 25.14 25.36 25.21 23.5 21.92 21.7 19.55 18.88 18.1

UMH Properties, Inc. has been the subject of a number of recent research reports. Analysts at Wunderlich Maintains shares of UMH Properties, Inc. to an Buy rating in a research note. They now have a $18.00 price target on the stock.

UMH Properties Inc, formerly known as United Mobile Homes, Inc., was incorporated in the state of New Jersey in 1968. On September 29, 2003, the Company changed its state of incorporation from New Jersey to Maryland. The Company’s main business is the ownership and operation of manufactured home communities – leasing manufactured home spaces on a month-to-month basis to private manufactured home owners. The Company also leases homes to residents, and through its wholly-owned taxable REIT subsidiary, sells homes to residents and prospective residents of its communities. A manufactured home community is designed to accommodate detached, single-family manufactured homes. These manufactured homes are produced off-site by manufacturers and installed on sites within the community. These homes are often improved with the addition of features constructed on site, including garages, screened rooms and carports. Manufactured homes are available in a variety of designs and floor plans, offering many amenities and custom options.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.