This Is Too Hot For UMH Properties Inc (NYSE: UMH), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2023.

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Stocks Info

As a NYSE listed company, UMH falls under the Real Estate sector while operating within the REIT – Residential industry segment. At the end of the last regular session, the stock closed at $15.86 and fluctuated between $15.99 as its day high and $15.28 as its day low. The current market capitalization of UMH Properties Inc is $1.10B. A total of 0.68 million shares were traded on the day, compared to an average of 413.12K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, UMH has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 68 BUYs and 6 SELLs from insiders. Insiders purchased 287,239 shares during that period but sold 21,290.

In the most recent transaction, QUIGLEY KENNETH K JR bought 73 shares of UMH for 13.75 per share on Feb 15. After the transaction, the Director now owns 27,459 company shares. In a previous transaction on Jan 16, QUIGLEY KENNETH K JR bought 67 shares at 15.00 per share. UMH shares that Director owns now total 27,386.

Among the insiders who bought shares, Carus Jeffrey A acquired of 67 shares on Jan 16 at a per-share price of $15.00. This resulted in the Director holding 443 shares of UMH after the transaction. In another insider transaction, QUIGLEY KENNETH K JR bought 69 shares at $14.50 per share on Dec 15. Company shares held by the Director now total 26,362.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. UMH’s most recent ex-dividend date was 2/14/2024 when it declared a $0.2050 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/14/2023. The UMH stock dividend was $0.2050 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, UMH has a high of $16.88 and a low of $13.26.

As of this writing, UMH has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.05 per share and a lower estimate of -$0.01. The company reported an EPS of -$0.09 in the last quarter, which was -800.00% lower than expectations of -$0.01.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. UMH’s latest balance sheet shows that the firm has $229.92M in Cash & Short Term Investments as of fiscal 2021. There were $499.32M in debt and $21.44M in liabilities at the time. Its Book Value Per Share was $6.10, while its Total Shareholder’s Equity was $742.14M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UMH is Buy with a score of 4.20.

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