UMH Properties, Inc. (NYSE:UMH – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $17.25.
A number of equities research analysts have recently weighed in on the stock. Odeon Capital Group set a $17.50 price objective on shares of UMH Properties in a report on Thursday. Weiss Ratings upgraded shares of UMH Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Wall Street Zen raised UMH Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Odean Cap Resea upgraded UMH Properties to a “strong-buy” rating in a research note on Thursday.
UMH Properties Stock Up 0.0%
UMH Properties (NYSE:UMH – Get Free Report) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. UMH Properties had a net margin of 11.03% and a return on equity of 4.96%. The firm had revenue of $65.84 million for the quarter, compared to analysts’ expectations of $59.35 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. As a group, equities analysts forecast that UMH Properties will post 0.99 EPS for the current year.
UMH Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th will be issued a $0.225 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.9%. UMH Properties’s dividend payout ratio is presently 900.00%.
Institutional Investors Weigh In On UMH Properties
Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in shares of UMH Properties by 629.3% in the 4th quarter. SG Americas Securities LLC now owns 1,493,476 shares of the real estate investment trust’s stock valued at $23,761,000 after buying an additional 1,288,703 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in UMH Properties by 110.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,865,018 shares of the real estate investment trust’s stock worth $29,672,000 after acquiring an additional 980,043 shares in the last quarter. Schroder Investment Management Group acquired a new stake in UMH Properties during the 4th quarter worth $11,891,000. Private Management Group Inc. lifted its position in UMH Properties by 37.9% in the third quarter. Private Management Group Inc. now owns 1,680,180 shares of the real estate investment trust’s stock valued at $24,951,000 after acquiring an additional 461,463 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in UMH Properties in the fourth quarter valued at $6,696,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.
About UMH Properties
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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