UMH Properties, Inc. (NYSE:UMH – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.23 and traded as high as $15.41. UMH Properties shares last traded at $15.3650, with a volume of 717,429 shares traded.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on UMH. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research report on Wednesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and set a $16.00 target price on shares of UMH Properties in a research report on Monday, January 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, UMH Properties presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.
Check Out Our Latest Research Report on UMH
UMH Properties Trading Up 2.2%
UMH Properties (NYSE:UMH – Get Free Report) last released 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). UMH Properties had a net margin of 10.12% and a return on equity of 4.43%. The business had revenue of $66.97 million for the quarter, compared to the consensus estimate of $68.70 million. UMH Properties has set its FY 2026 guidance at 0.970-1.050 EPS. Equities research analysts anticipate that UMH Properties, Inc. will post 0.93 EPS for the current year.
UMH Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be given a dividend of $0.225 per share. The ex-dividend date is Friday, May 15th. This represents a $0.90 annualized dividend and a yield of 5.9%. UMH Properties’s dividend payout ratio (DPR) is 1,285.71%.
Hedge Funds Weigh In On UMH Properties
Several institutional investors have recently bought and sold shares of the business. Arizona State Retirement System lifted its position in UMH Properties by 3.3% during the third quarter. Arizona State Retirement System now owns 23,634 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 746 shares during the last quarter. Osaic Holdings Inc. lifted its position in UMH Properties by 6.8% during the second quarter. Osaic Holdings Inc. now owns 13,062 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 827 shares during the last quarter. M&G PLC lifted its position in UMH Properties by 8.2% during the third quarter. M&G PLC now owns 12,000 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 909 shares during the last quarter. McIlrath & Eck LLC lifted its position in UMH Properties by 0.4% during the third quarter. McIlrath & Eck LLC now owns 256,937 shares of the real estate investment trust’s stock valued at $3,816,000 after purchasing an additional 975 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in UMH Properties by 2.3% during the fourth quarter. State of Alaska Department of Revenue now owns 43,865 shares of the real estate investment trust’s stock valued at $697,000 after purchasing an additional 995 shares during 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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