UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.
IPO Year: 1994
Exchange: NYSE
Website: umh.reit
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/18/2024 | $21.00 | Buy | Alliance Global Partners |
3/25/2024 | $17.00 | Neutral | Wedbush |
3/21/2024 | $18.50 | Buy | B. Riley Securities |
7/12/2023 | Outperform → Peer Perform | Wolfe Research | |
10/13/2022 | $19.00 | Outperform | Wolfe Research |
1/19/2022 | $26.00 | Neutral | Colliers Securities |
11/4/2021 | $27.00 → $30.00 | Buy | Aegis Capital |
8/27/2021 | $27.50 | Outperform | Wedbush |
8/5/2021 | $25.00 → $27.00 | Buy | Aegis Capital |
FREEHOLD, NJ, May 01, 2025 (GLOBE NEWSWIRE) -- In a release issued under the same headline on May 1, 2025 by UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), please note that for the Full Year Guidance 2025 section in Note 3, "Net Loss Attributable to Common Shareholders per share – fully diluted" should be "Net Income Attributable to Common Shareholders per share – fully diluted" in the range of $0.13-$0.21. Further, Depreciation should be $0.80 instead of $0.08. The corrected release follows. UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended March 31, 2025 of $61.2 million as compared to $57.7 million for the quarter ended March 31, 2024, representing an
FREEHOLD, NJ, May 01, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended March 31, 2025 of $61.2 million as compared to $57.7 million for the quarter ended March 31, 2024, representing an increase of 6%. Net Loss Attributable to Common Shareholders amounted to $271,000 or $0.00 per diluted share for the quarter ended March 31, 2025 as compared to a Net Loss of $6.3 million or $0.09 per diluted share for the quarter ended March 31, 2024. Funds from Operations Attributable to Common Shareholders ("FFO"), was $18.2 million or $0.22 per diluted share for the quarter ended March 31, 2025 as compared to $14.0 million or $0.20 per dilu
FREEHOLD, NJ, April 02, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE: UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, is providing investors with an update on the first quarter of 2025 operating results: UMH converted 115 new homes from inventory to revenue generating rental homes. UMH now owns approximately 10,400 rental homes with an occupancy rate of 94.7%. Same Property occupancy increased by 113 units during the first quarter and 227 units over last year to 88%. UMH achieved gross home sales revenue of $6.7 million compared to $7.4 million las
FREEHOLD, NJ, April 01, 2025 (GLOBE NEWSWIRE) -- On April 1, 2025, UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced today that its Board of Directors approved a 4.7% increase in the Company's quarterly common stock dividend, raising it to $0.225 per share from $0.215 per share. The dividend is payable June 16, 2025, to shareholders of record at the close of business on May 15, 2025. This represents an annual dividend rate of $0.90 per share. Samuel A. Landy, President and Chief Executive Officer, commented, "We are pleased to announce a fifth consecutive annual increase of our common stock dividend. Revenue growth continues to meet our expectations. Over time, we expect our community
FREEHOLD, NJ, April 01, 2025 (GLOBE NEWSWIRE) -- On April 1, 2025, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared a quarterly dividend of $0.3984375 per share for the period from March 1, 2025, through May 31, 2025, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable June 16, 2025, to shareholders of record at the close of business on May 15, 2025. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 developed
FREEHOLD, NJ, March 24, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH, TASE: UMH)) closed on the acquisition of two age-restricted manufactured home communities, located in Mantua, New Jersey, for a total purchase price of $24.6 million. These communities contain 266 developed homesites, of which 100% are occupied. They are situated on approximately 38 acres. Samuel A. Landy, President and Chief Executive Officer, commented, "We are pleased to complete the acquisition of Cedar Grove Park and Maplewood Village. These are two high-quality stabilized communities that contain all modern, homeowner occupied, manufactured homes. These communities are well-located near Philadelphia and
FREEHOLD, NJ, March 19, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced today that it has published its 2024 Annual Report. It is now available on the Company's website at www.umh.reit. Samuel A. Landy, President and Chief Executive Officer, commented, "We are proud to announce that our 2024 Annual Report is now available on our website. We encourage everyone to read our Annual Report to gain further information on our Company and our future outlook." UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 139 manufactured home comm
FREEHOLD, NJ, March 14, 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 First Quarter 2025 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Friday, May 2, 2025, at 10:00 a.m. Eastern Time. UMH's First Quarter 2025 results will be released on Thursday, May 1, 2025, after the close of trading on the New York Stock Exchange and will be available on the Company's website at www.umh.reit, in the Financials section. To participate in the webcast, select the webcast icon
FREEHOLD, NJ, Feb. 26, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income of $240.6 million for the year ended December 31, 2024 as compared to $220.9 million for the year ended December 31, 2023, representing an increase of 9%. Total Income for the quarter ended December 31, 2024 was $61.9 million as compared to $57.0 million for the quarter ended December 31, 2023, representing an increase of 9%. Net Income (Loss) Attributable to Common Shareholders amounted to income of $2.5 million or $0.03 per diluted share for the year ended December 31, 2024 as compared to a loss of $8.7 million or $0.15 per diluted share for the year ended December 31, 2023. N
FREEHOLD, NJ, Jan. 22, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) today announced the tax treatment of its 2024 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH's common and preferred shares during the calendar year ended December 31, 2024. Common - CUSIP 903002103 Shown as Dollars ($)Payment DateDistributions Per ShareNon-Qualifying Ord. Income (1a)Total Long-Term Capital Gain (2a)Unrecaptured Sec. 1250 Gain (2b)Return of Capital (3)Section 199A Dividends (5)3/15/24$0.205 $0.040241$0.00$0.00$0.164759$0.0402416/17/24$0.215 $0.042204$0.00$0.00$0.172796$0.0422049/16/24$0.215 $0.04220
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FREEHOLD, N.J., Sept. 23, 2021 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) today announced that, on September 22, 2021, the Board of Directors approved an increase in the size of the Board from 11 to 12 directors and appointed Ms. Angela D. Pruitt as a Class II Director for the term of Class II expiring in 2023. Ms. Pruitt is an innovative, creative global communications expert with over 20 years of experience, including 16 years at the Wall Street Journal/Dow Jones covering diverse topics and industries such as financial markets, mutual funds, emerging markets, commercial real estate, entertainment, hotels and casinos. Ms. Pruitt leverages journalistic skills to create an impactf
FREEHOLD, NJ, Jan. 13, 2021 (GLOBE NEWSWIRE) -- On January 13, 2021, UMH Properties, Inc. (NYSE:UMH) announced today that its Board of Directors approved a 6% increase in the Company’s quarterly common stock dividend, raising it from $0.18 per share to $0.19 per share. The dividend is payable March 15, 2021, to shareholders of record at the close of business on February 16, 2021. This represents an annual dividend rate of $0.76 per share. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 125 manufactured home communities containing approximately 23,600 developed homesites. These communities are located in New Jersey, New York, Ohio,
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FREEHOLD, NJ, May 01, 2025 (GLOBE NEWSWIRE) -- In a release issued under the same headline on May 1, 2025 by UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), please note that for the Full Year Guidance 2025 section in Note 3, "Net Loss Attributable to Common Shareholders per share – fully diluted" should be "Net Income Attributable to Common Shareholders per share – fully diluted" in the range of $0.13-$0.21. Further, Depreciation should be $0.80 instead of $0.08. The corrected release follows. UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended March 31, 2025 of $61.2 million as compared to $57.7 million for the quarter ended March 31, 2024, representing an
FREEHOLD, NJ, May 01, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended March 31, 2025 of $61.2 million as compared to $57.7 million for the quarter ended March 31, 2024, representing an increase of 6%. Net Loss Attributable to Common Shareholders amounted to $271,000 or $0.00 per diluted share for the quarter ended March 31, 2025 as compared to a Net Loss of $6.3 million or $0.09 per diluted share for the quarter ended March 31, 2024. Funds from Operations Attributable to Common Shareholders ("FFO"), was $18.2 million or $0.22 per diluted share for the quarter ended March 31, 2025 as compared to $14.0 million or $0.20 per dilu
FREEHOLD, NJ, April 02, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE: UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, is providing investors with an update on the first quarter of 2025 operating results: UMH converted 115 new homes from inventory to revenue generating rental homes. UMH now owns approximately 10,400 rental homes with an occupancy rate of 94.7%. Same Property occupancy increased by 113 units during the first quarter and 227 units over last year to 88%. UMH achieved gross home sales revenue of $6.7 million compared to $7.4 million las
FREEHOLD, NJ, April 01, 2025 (GLOBE NEWSWIRE) -- On April 1, 2025, UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced today that its Board of Directors approved a 4.7% increase in the Company's quarterly common stock dividend, raising it to $0.225 per share from $0.215 per share. The dividend is payable June 16, 2025, to shareholders of record at the close of business on May 15, 2025. This represents an annual dividend rate of $0.90 per share. Samuel A. Landy, President and Chief Executive Officer, commented, "We are pleased to announce a fifth consecutive annual increase of our common stock dividend. Revenue growth continues to meet our expectations. Over time, we expect our community
FREEHOLD, NJ, April 01, 2025 (GLOBE NEWSWIRE) -- On April 1, 2025, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared a quarterly dividend of $0.3984375 per share for the period from March 1, 2025, through May 31, 2025, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable June 16, 2025, to shareholders of record at the close of business on May 15, 2025. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 developed
FREEHOLD, NJ, March 14, 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 First Quarter 2025 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Friday, May 2, 2025, at 10:00 a.m. Eastern Time. UMH's First Quarter 2025 results will be released on Thursday, May 1, 2025, after the close of trading on the New York Stock Exchange and will be available on the Company's website at www.umh.reit, in the Financials section. To participate in the webcast, select the webcast icon
FREEHOLD, NJ, Feb. 26, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income of $240.6 million for the year ended December 31, 2024 as compared to $220.9 million for the year ended December 31, 2023, representing an increase of 9%. Total Income for the quarter ended December 31, 2024 was $61.9 million as compared to $57.0 million for the quarter ended December 31, 2023, representing an increase of 9%. Net Income (Loss) Attributable to Common Shareholders amounted to income of $2.5 million or $0.03 per diluted share for the year ended December 31, 2024 as compared to a loss of $8.7 million or $0.15 per diluted share for the year ended December 31, 2023. N
FREEHOLD, NJ, Jan. 22, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) today announced the tax treatment of its 2024 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH's common and preferred shares during the calendar year ended December 31, 2024. Common - CUSIP 903002103 Shown as Dollars ($)Payment DateDistributions Per ShareNon-Qualifying Ord. Income (1a)Total Long-Term Capital Gain (2a)Unrecaptured Sec. 1250 Gain (2b)Return of Capital (3)Section 199A Dividends (5)3/15/24$0.205 $0.040241$0.00$0.00$0.164759$0.0402416/17/24$0.215 $0.042204$0.00$0.00$0.172796$0.0422049/16/24$0.215 $0.04220
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. UMH's Fourth Quarter and Full Year 2024 results will be released on Wednesday, February 26, 2025, after the close of trading on the New York Stock Exchange and will be available on the Company's website at www.umh.reit, in the Financials section. To partici
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. Also, on January 7, 2025, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from December 1, 2024, through February 28, 2025, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable March 17, 2025, to shareholders of record at the close
Alliance Global Partners initiated coverage of UMH Properties with a rating of Buy and set a new price target of $21.00
Wedbush resumed coverage of UMH Properties with a rating of Neutral and set a new price target of $17.00
B. Riley Securities resumed coverage of UMH Properties with a rating of Buy and set a new price target of $18.50
Wolfe Research downgraded UMH Properties from Outperform to Peer Perform
Wolfe Research initiated coverage of UMH Properties with a rating of Outperform and set a new price target of $19.00
Colliers Securities initiated coverage of UMH Properties with a rating of Neutral and set a new price target of $26.00
Aegis Capital reiterated coverage of UMH Properties with a rating of Buy and set a new price target of $30.00 from $27.00 previously
Wedbush initiated coverage of UMH Properties with a rating of Outperform and set a new price target of $27.50
Aegis Capital reiterated coverage of UMH Properties with a rating of Buy and set a new price target of $27.00 from $25.00 previously
Aegis Capital initiated coverage of UMH Properties with a rating of Buy and set a new price target of $25.00