UMH Properties
About: UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to residents . The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc. sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for their sites and homes, where the company is the lessor.
Employees: 480
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
60% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 52
1% more capital invested
Capital invested by funds: $855M [Q1] → $862M (+$7.27M) [Q2]
0.68% more ownership
Funds ownership: 75.91% [Q1] → 76.59% (+0.68%) [Q2]
0% more funds holding
Funds holding: 194 [Q1] → 194 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 20
30% less call options, than puts
Call options by funds: $364K | Put options by funds: $520K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
B. Riley Securities John Massocca 100% 1-year accuracy 1 / 1 met price target | 20%upside $23 | Buy Maintained | 15 Aug 2024 |
Wedbush Richard Anderson 90% 1-year accuracy 26 / 29 met price target | 7%upside $20 | Neutral Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 7 articles about UMH published over the past 30 days
