UMH Properties Inc. (NYSE:UMH) saw a downside of -0.92% to close Friday at $15.05 after subtracting -$0.14 on the day. The 5-day average trading volume is 614,020 shares of the company’s common stock. It has gained $15.82 in the past week and touched a new high 1 time within the past 5 days. An average of 500,345 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 516,558.
UMH’s 1-month performance is -7.50% or -$0.98 on its low of $15.00 reached on 08/16/23. The company’s shares have touched a 52-week low of $13.73 and high of $19.40, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, UMH has lost -6.52% or -$1.05 and has reached a new high 9 times. However, the current price is down -22.43% from the 52-week high price.
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Insider Transactions
UMH stock investors last saw insider trading activity on Aug 15.Conway Kiernan (Director) most recently sold 1,000 shares at $15.33 per share on Aug 15. This transaction cost the insider $15,330. Director, Conway Kiernan, sold 2,500 shares at a price of $15.34 on May 22.
Valuation Metrics
UMH stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.59 while the price-to-book (PB) in the most recent quarter is 2.49.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.96, while the total debt to equity was 1.96. In terms of profitability, the gross margin trailing 12 months is 52.40%. The firm’s gross profit as reported stood at $29.52 million against revenue of $195.78 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -408.6% to -$4.42 million, while revenue of -$5.3 million was -19.91% off the previous quarter. Analysts expected UMH to announce -$0.02 per share in earnings in its latest quarter, but it posted -$0.07, representing a -250.00% surprise. EBITDA for the quarter stood at more than $23.21 million. Shareholders hold equity totaling $65.27 million.
Let’s look briefly at UMH Properties Inc. (UMH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 27.86% to suggest the stock is trending oversold, with historical volatility in this time period at 16.64%.
The stock’s 5-day moving average is $15.24, reflecting a -5.58% or -$0.89 change from its current price. UMH is currently trading -7.16% above its 20-day SMA, +4.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.18% and SMA200 by-14.20%.
Stochastic %K and %D was 6.08% and 6.30% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 33.73%, while the 14-day stochastic is at 2.94% with the period’s ATR at 0.37. The stock’s 9-day MACD Oscillator is pointing at -0.46 and -0.75 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for UMH Properties Inc. (NYSE: UMH), Wolfe Research downgraded it to a Peer perform rating. They previously had an Outperform rating on the stock.
