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 |
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
8-K - UMH PROPERTIES, INC. (0000752642) (Filer)
8-K - UMH PROPERTIES, INC. (0000752642) (Filer)
8-K - UMH PROPERTIES, INC. (0000752642) (Filer)
8-K - UMH PROPERTIES, INC. (0000752642) (Filer)
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FREEHOLD, NJ, July 22, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH, TASE: UMH)) (the "Company"), announced today that it has completed the sale to investors in Israel of approximately $80.2 million of its 5.85% Series B Bonds due 2030 (the "2030 Bonds"). The 2030 Bonds are unsecured obligations of the Company denominated in Israeli shekels (NIS) and were issued pursuant to a deed of trust between the Company and Reznik Paz Nevo Trusts Ltd., as trustee. The net proceeds of the offering will be used for working capital and general corporate purposes. The principal amount of the 2030 Bonds will be payable on June 30, 2030. The 2030 Bonds will pay interest at a rate of 5.85% per y
FREEHOLD, NJ, July 02, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH, TASE: UMH)) closed on the acquisition of two manufactured home communities, located in Conowingo, Maryland, for a total purchase price of $14.625 million. These communities contain 191 developed homesites, of which 79% are occupied. They are situated on approximately 82 acres. Samuel A. Landy, President and Chief Executive Officer, commented, "We are pleased to complete the acquisition of Conowingo Court and Maybelle Manor, further expanding our footprint in the Maryland market. These two communities adjoin our existing Maryland community, Cinnamon Woods, which will create efficiencies in our operation, result
FREEHOLD, NJ, July 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 second quarter of 2025 operating results: UMH converted 188 new homes from inventory to revenue generating rental homes. UMH now owns approximately 10,600 rental homes with an occupancy rate of 94.4%.Same Property occupancy increased by 76 units during the second quarter and 251 units over last year to 88.2%.UMH achieved gross home sales revenue of $10.3 million compared to $8.8 million last year, representing an increase of approximately
FREEHOLD, NJ, July 01, 2025 (GLOBE NEWSWIRE) -- On July 1, 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 $0.225 per share payable September 15, 2025, to shareholders of record at the close of business on August 15, 2025. The Company's annual dividend rate on its Common Stock is $0.90 per share. Also, on July 1, 2025, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from June 1, 2025, through August 31, 2025, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable September 15, 2025, to shareholders of record at the close of b
FREEHOLD, NJ, June 23, 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 Second Quarter 2025 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, August 7, 2025, at 10:00 a.m. Eastern Time. UMH's Second Quarter 2025 results will be released on Wednesday, August 6, 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 w
FREEHOLD, NJ, May 27, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE: UMH), today announced that the Company will participate in Nareit's REITweek: 2025 Investor Conference, to be held in New York City, at the New York Hilton Midtown. UMH's senior management team is scheduled to present on Tuesday, June 3, 2025, at 10:15 a.m. Eastern Time. The presentation will be available live via webcast and accessible on the Company's website, www.umh.reit, in the Upcoming Events section. The webcast replay will be available for 30 days after the presentation. Presentation materials will also be available on the Company's website homepage. UMH Properties, Inc., which was organized in
FREEHOLD, NJ, May 16, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE: UMH) announced that on May 15, 2025 it completed the addition of ten communities containing 2,001 sites, to its Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately $101.4 million. This interest only loan is at a fixed rate of 5.855% with a 10-year term. The proceeds will be used to invest in additional acquisitions, expansions, rental homes and repay higher interest rate debt on a short-term basis. Samuel A. Landy, President and Chief Executive Officer, commented "We are proud to complete another addition to our Fannie Mae credit facility. This refinancing furth
FREEHOLD, NJ, May 12, 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 Sustainability Report. It is now available on the Company's website at www.umh.reit. Aaron Potter, Vice President of Sustainability and Urban Development, commented, "UMH's approach to sustainability is grounded in our long-standing commitment to providing safe, high-quality, and affordable housing. We believe that strong communities are built through responsible management, thoughtful environmental practices, and a focus on long-term value creation. From enhancing reso
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
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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,
FREEHOLD, NJ, July 02, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH, TASE: UMH)) closed on the acquisition of two manufactured home communities, located in Conowingo, Maryland, for a total purchase price of $14.625 million. These communities contain 191 developed homesites, of which 79% are occupied. They are situated on approximately 82 acres. Samuel A. Landy, President and Chief Executive Officer, commented, "We are pleased to complete the acquisition of Conowingo Court and Maybelle Manor, further expanding our footprint in the Maryland market. These two communities adjoin our existing Maryland community, Cinnamon Woods, which will create efficiencies in our operation, result
FREEHOLD, NJ, July 01, 2025 (GLOBE NEWSWIRE) -- On July 1, 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 $0.225 per share payable September 15, 2025, to shareholders of record at the close of business on August 15, 2025. The Company's annual dividend rate on its Common Stock is $0.90 per share. Also, on July 1, 2025, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from June 1, 2025, through August 31, 2025, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable September 15, 2025, to shareholders of record at the close of b
FREEHOLD, NJ, June 23, 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 Second Quarter 2025 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, August 7, 2025, at 10:00 a.m. Eastern Time. UMH's Second Quarter 2025 results will be released on Wednesday, August 6, 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 w
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