UMH Properties, Inc. (NYSE:UMH – Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $13.93 and last traded at $14.04, with a volume of 153372 shares trading hands. The stock had previously closed at $14.41.
Analyst Upgrades and Downgrades
UMH has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of UMH Properties in a report on Monday, January 5th. B. Riley Financial dropped their target price on UMH Properties from $19.00 to $18.50 and set a “buy” rating on the stock in a research report on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, January 21st. Finally, Colliers Securities upgraded shares of UMH Properties to a “buy” rating in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.
Check Out Our Latest Report on UMH Properties
UMH Properties Stock Down 2.1%
UMH Properties (NYSE:UMH – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.25). The company had revenue of $66.97 million during the quarter, compared to the consensus estimate of $68.70 million. UMH Properties had a return on equity of 4.43% and a net margin of 10.12%.UMH Properties has set its FY 2026 guidance at 0.970-1.050 EPS. Sell-side analysts anticipate that UMH Properties, Inc. will post 0.93 earnings per share for the current fiscal year.
UMH Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Tuesday, February 17th were paid a $0.225 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.4%. UMH Properties’s dividend payout ratio is 1,285.71%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of UMH Properties by 2.9% in the first quarter. Royal Bank of Canada now owns 191,545 shares of the real estate investment trust’s stock valued at $3,583,000 after acquiring an additional 5,409 shares in the last quarter. Amundi boosted its stake in UMH Properties by 15.6% in the 1st quarter. Amundi now owns 41,420 shares of the real estate investment trust’s stock worth $778,000 after purchasing an additional 5,590 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in UMH Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,976 shares of the real estate investment trust’s stock valued at $804,000 after buying an additional 1,871 shares in the last quarter. KBC Group NV raised its position in shares of UMH Properties by 74.0% during the second quarter. KBC Group NV now owns 3,005 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,278 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of UMH Properties by 5.5% in the second quarter. Geode Capital Management LLC now owns 1,999,240 shares of the real estate investment trust’s stock worth $33,571,000 after buying an additional 103,446 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.
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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