UMH Properties, Inc. (NYSE:UMH – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $17.25.
UMH has been the subject of several recent research reports. Odeon Capital Group set a $17.50 price target on UMH Properties in a report on Thursday, July 9th. Wall Street Zen raised UMH Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a report on Friday, July 31st.
Get Our Latest Stock Report on UMH
UMH Properties Stock Performance
UMH Properties (NYSE:UMH – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. UMH Properties had a net margin of 11.55% and a return on equity of 5.40%. The company had revenue of $71.64 million during the quarter, compared to analysts’ expectations of $60.76 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. On average, sell-side analysts forecast that UMH Properties will post 0.99 earnings per share for the current fiscal year.
UMH Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.90 annualized dividend and a dividend yield of 5.5%. UMH Properties’s payout ratio is presently 750.00%.
Institutional Investors Weigh In On UMH Properties
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in UMH Properties in the 2nd quarter valued at about $127,139,000. Vanguard Group Inc. increased its holdings in shares of UMH Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 8,128,983 shares of the real estate investment trust’s stock worth $129,332,000 after buying an additional 144,368 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of UMH Properties by 5.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,386,288 shares of the real estate investment trust’s stock valued at $69,786,000 after buying an additional 237,609 shares during the period. Geode Capital Management LLC raised its position in shares of UMH Properties by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,072,652 shares of the real estate investment trust’s stock valued at $32,982,000 after buying an additional 16,978 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in UMH Properties by 110.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,865,018 shares of the real estate investment trust’s stock valued at $29,672,000 after acquiring an additional 980,043 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.
UMH Properties Company Profile
UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.
The company generates revenue through rental lot fees, home sales and related community services.
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