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 6,831 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 58% 1-year accuracy 18 / 31 met price target | 11%upside $20 | Neutral Reiterated | 13 Jan 2025 |
Financial journalist opinion
Based on 6 articles about UMH published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2024 DISTRIBUTIONS
FREEHOLD, NJ, Jan. 22, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) today announced the tax treatment of its 2024 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH's common and preferred shares during the calendar year ended December 31, 2024.
Positive
Seeking Alpha
2 weeks ago
UMH Properties Preferreds: Near 7% Yield, Manufacturing Housing Tailwinds, Good Coverage
UMH Properties benefits from the ongoing U.S. housing shortage, offering affordable manufactured homes with high occupancy rates and strong demand, leading to impressive earnings growth. The company plans to develop 200 expansion sites in 2024 and 500 in 2025, enabling organic growth without acquisitions. We rate UMH-D a BUY due to its well-covered yield and the supportive US housing market tailwind.
Neutral
Zacks Investment Research
2 weeks ago
Zacks Industry Outlook LifeStyle Properties, Veris Residential and UMH Properties
LifeStyle Properties, Veris Residential and UMH Properties have been highlighted in this Industry Outlook article.
Positive
Zacks Investment Research
2 weeks ago
3 Residential REITs to Buy Despite Ongoing Industry Challenges
Despite the elevated supply of new units and concession utilization, healthy rental demand amid a strong labor market and favorable demographic trends poise the Zacks Equity REIT - Residential industry players like ELS, VRE and UMH are well for growth.
Neutral
GlobeNewsWire
2 weeks ago
UMH PROPERTIES, INC. WILL HOST FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL
FREEHOLD, NJ, Jan. 16, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its Fourth Quarter and Full Year 2024 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, February 27, 2025, at 10:00 a.m. Eastern Time.
Neutral
GlobeNewsWire
4 weeks 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
2 months 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
2 months 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
2 months 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.
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