UMH
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
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
165% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 17
37% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 59
34% more capital invested
Capital invested by funds: $877M [Q2] → $1.18B (+$301M) [Q3]
28% more call options, than puts
Call options by funds: $402K | Put options by funds: $314K
13% more funds holding
Funds holding: 194 [Q2] → 220 (+26) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1.56% less ownership
Funds ownership: 77.93% [Q2] → 76.37% (-1.56%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$20
11%
upside
Avg. target
$20
11%
upside
High target
$20
11%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Wedbush Richard Anderson 53% 1-year accuracy 17 / 32 met price target | 11%upside $20 | Neutral Reiterated | 13 Jan 2025 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS
FREEHOLD, NJ, Jan. 07, 2025 (GLOBE NEWSWIRE) -- On January 7, 2025, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared its quarterly cash dividend on the Company's Common Stock of $0.215 per share payable March 17, 2025, to shareholders of record at the close of business on February 18, 2025. The Company's annual dividend rate on its Common Stock is $0.86 per share.
Positive
Seeking Alpha
1 month ago
Sector Spotlight: Manufactured Housing REITs
Despite high employment and wage growth, demand for affordable housing is at an all-time high, making MHC REITs a compelling investment. The four MHC REITs (ELS, MHCUF, SUI, UMH) show varied YTD returns, with market valuations and SSNOI differing significantly. Flagship Communities stands out as the growth and value leader, offering opportunistically cheap shares despite a recent equity issuance.
Positive
Seeking Alpha
1 month ago
UMH Properties: The 6.9% Yielding Preferred Shares Enjoy Good Coverage
UMH Properties' strong FFO and AFFO performance ensures excellent dividend coverage, despite increased share count and preferred dividend payments. Issuing new common shares has reduced debt and interest expenses, enhancing the balance sheet's safety and equity cushion. Preferred shares offer a secure 6.89% yield, supported by ample common equity and prudent financial management.
Positive
Seeking Alpha
1 month ago
Take Advantage Of The Recent Correction Of The Preferred Stock Of UMH Properties
UMH Properties' preferred stock has provided a 19% total return in less than 18 months, driven by reduced debt and lower interest rates. The REIT has significantly improved its financial health, lowering its leverage ratio from 7.7x to 4.9x and reducing interest expenses. The 6.9% preferred dividend is secure, given UMH's strong performance and historical resilience, making it an attractive investment amid current market conditions.
Neutral
Seeking Alpha
2 months ago
UMH Properties, Inc. (UMH) Q3 2024 Earnings Call Transcript
UMH Properties, Inc. (NYSE:UMH ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Craig Koster – Executive Vice President and General Counsel Eugene Landy – Founder and Chairman Samuel Landy – President and Chief Executive Officer Anna Chew – Executive Vice President and Chief Financial Officer Brett Taft – Executive Vice President and Chief Operating Officer Conference Call Participants Rob Stevenson – Janney Gaurav Mehta – Alliance Global Partners Rich Anderson – Wedbush Craig Kucera – Lucid Capital Markets John Massocca – B. Riley Securities Operator Thank you for standing by.
Positive
Zacks Investment Research
2 months ago
Compared to Estimates, UMH (UMH) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for UMH (UMH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
2 months ago
UMH Properties (UMH) Q3 FFO Meet Estimates
UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.22 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
UMH PROPERTIES, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2024
FREEHOLD, NJ, Nov. 06, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended September 30, 2024 of $60.7 million, as compared to $56.0 million for the quarter ended September 30, 2023, representing an increase of 8%. Net Income Attributable to Common Shareholders amounted to $8.2 million or $0.11 per diluted share for the quarter ended September 30, 2024, as compared to a Net Loss of $5.8 million or $0.09 per diluted share for the quarter ended September 30, 2023.
Neutral
GlobeNewsWire
2 months ago
UMH PROPERTIES, INC. SURPASSES 1,000 SELF-STORAGE UNITS
FREEHOLD, NJ, Nov. 04, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced that on November 1, 2024, the company closed on an acquisition of a self-storage facility adjoining one of UMH's communities in Anderson, Indiana. The facility contains 246 self-storage units. UMH now has more than 1,000 storage units in its portfolio. All of UMH's storage units either adjoin or are in close proximity to a UMH community.
Neutral
Seeking Alpha
2 months ago
These REITs Trade At Premiums, But Should They?
REIT sectors are often mispriced due to broad-brush analysis; individual property types react differently to economic news, creating investment opportunities. Industrial REITs face weakened fundamentals but still have growth potential; STAG Industrial and Plymouth are undervalued within the sector. Manufactured housing REITs deserve their premium due to affordability and constrained supply; UMH Properties and Flagship offer cheaper entry points.
Charts implemented using Lightweight Charts™