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, Nov. 06, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended September 30, 2024 of $60.7 million, as compared to $56.0 million for the quarter ended September 30, 2023, representing an increase of 8%. Net Income Attributable to Common Shareholders amounted to $8.2 million or $0.11 per diluted share for the quarter ended September 30, 2024, as compared to a Net Loss of $5.8 million or $0.09 per diluted share for the quarter ended September 30, 2023. Normalized Funds from Operations Attributable to Common Shareholders ("Normalized FFO"), was $18.5 million or $0.24 per diluted share for the quarter ended Septembe
FREEHOLD, NJ, Nov. 04, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced that on November 1, 2024, the company closed on an acquisition of a self-storage facility adjoining one of UMH's communities in Anderson, Indiana. The facility contains 246 self-storage units. UMH now has more than 1,000 storage units in its portfolio. All of UMH's storage units either adjoin or are in close proximity to a UMH community. Samuel A. Landy, President and Chief Executive Officer, commented "UMH is proud to surpass 1,000 self-storage units. UMH has a wonderful staff in our communities and when the opportunity presents itself for nearby additional storage, our staff can
FREEHOLD, NJ, Oct. 11, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE: UMH) reported today on the impact of Hurricane Milton on its portfolio of manufactured housing communities. Samuel A. Landy, President and Chief Executive Officer, commented, "Our communities in Florida experienced high winds and heavy rain which resulted in relatively minor damage. Most importantly, all of our residents and employees are safe. The limited damage to our homes and our communities demonstrates the quality and durability of our homes. We are taking appropriate measures to clean up and repair any damages sustained at our communities. We do not expect the effects of the storm to have a mater
FREEHOLD, NJ, Oct. 03, 2024 (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 our third quarter 2024 operating results: As of quarter end, UMH achieved an equity market capitalization of over $1.5 billion.During the third quarter, UMH converted 179 new homes from inventory to revenue generating homes. UMH now owns approximately 10,300 rental homes with an occupancy rate of 94.4%.During the third quarter, UMH sold 100 homes of which 32 were new home sales. Gross home sales revenue for the third quarter was $8.7 million
FREEHOLD, NJ, Oct. 02, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE: UMH) reported today on the impact of Hurricane Helene on its portfolio of manufactured housing communities. Samuel A. Landy, President and Chief Executive Officer, commented, "Our communities in Florida, Alabama, South Carolina and Georgia experienced high winds and heavy rain which resulted in minor damage to these communities. Additionally, several of our communities in Tennessee and Ohio had trees down and other minor damage. The limited damage to our homes and our communities demonstrates the quality and durability of our homes. Most importantly, all of our residents and employees are safe. We are t
FREEHOLD, NJ, Oct. 02, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE: UMH) announced that it will present to the Philadelphia Securities Association (PSA) on Wednesday, October 9, 2024. The Forum will be held at the Union League of Philadelphia, located in Philadelphia, PA. Samuel A. Landy, President and Chief Executive Officer, will present an overview of the Company followed by a question and answer session. It is a luncheon meeting that will start at 11:30 a.m. Eastern Time. The presentation materials will be available on the homepage of the Company's website at www.umh.reit. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and oper
FREEHOLD, NJ, Oct. 01, 2024 (GLOBE NEWSWIRE) -- On October 1, 2024, 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 December 16, 2024, to shareholders of record at the close of business on November 15, 2024. The Company's annual dividend rate on its Common Stock is $0.86 per share. Also, on October 1, 2024, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from September 1, 2024, through November 30, 2024, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable December 16, 2024, to shareholders of record at th
FREEHOLD, NJ, Sept. 23, 2024 (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 Third Quarter 2024 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, November 7, 2024, at 10:00 a.m. Eastern Time. UMH's Third Quarter 2024 results will be released on Wednesday, November 6, 2024, 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
FREEHOLD, NJ, Aug. 20, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE: UMH) is pleased to announce that on August 19, 2024, Samuel A. Landy, President and Chief Executive Officer, was inducted into the RV/MH Hall of Fame. Mr. Landy started his career at UMH in 1991 and was promoted to his current role of President and Chief Executive Officer in 1995. Under his leadership, UMH has grown its portfolio of manufactured housing communities from 22 communities containing approximately 4,200 homesites in 1991 to 136 communities containing approximately 25,800 homesites, currently. His strategy of acquiring value-add communities with vacancies and deferred maintenance has allowed
FREEHOLD, NJ, Aug. 08, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) is proud to promote T.C. Sheppard to Senior Vice President of Sales and Consumer Finance. Samuel A. Landy, President and Chief Executive Officer, commented, "T.C. has excelled in his prior role of Vice President of Consumer Finance. Since his last promotion in 2020, sales have increased from $20.3 million in 2020 to $31.2 million in 2023, or an increase of 54%. Additionally, our notes receivable portfolio has increased from $44.3 million at year end 2020 to $83.3 million as of Q2 2024, representing an increase of 88%. He has done an excellent job working with our community managers and customers to obtain fina
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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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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
FREEHOLD, NJ, Nov. 06, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended September 30, 2024 of $60.7 million, as compared to $56.0 million for the quarter ended September 30, 2023, representing an increase of 8%. Net Income Attributable to Common Shareholders amounted to $8.2 million or $0.11 per diluted share for the quarter ended September 30, 2024, as compared to a Net Loss of $5.8 million or $0.09 per diluted share for the quarter ended September 30, 2023. Normalized Funds from Operations Attributable to Common Shareholders ("Normalized FFO"), was $18.5 million or $0.24 per diluted share for the quarter ended Septembe
FREEHOLD, NJ, Oct. 01, 2024 (GLOBE NEWSWIRE) -- On October 1, 2024, 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 December 16, 2024, to shareholders of record at the close of business on November 15, 2024. The Company's annual dividend rate on its Common Stock is $0.86 per share. Also, on October 1, 2024, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from September 1, 2024, through November 30, 2024, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable December 16, 2024, to shareholders of record at th
FREEHOLD, NJ, Sept. 23, 2024 (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 Third Quarter 2024 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, November 7, 2024, at 10:00 a.m. Eastern Time. UMH's Third Quarter 2024 results will be released on Wednesday, November 6, 2024, 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
FREEHOLD, NJ, Aug. 06, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended June 30, 2024 of $60.3 million as compared to $55.3 million for the quarter ended June 30, 2023, representing an increase of 9%. Net Income Attributable to Common Shareholders amounted to $527,000 or $0.01 per diluted share for the quarter ended June 30, 2024 as compared to a Net Loss of $4.4 million or $0.07 per diluted share for the quarter ended June 30, 2023. Normalized Funds from Operations Attributable to Common Shareholders ("Normalized FFO"), was $16.8 million or $0.23 per diluted share for the quarter ended June 30, 2024, as compared to $13.0 milli
FREEHOLD, NJ, July 01, 2024 (GLOBE NEWSWIRE) -- On July 1, 2024, 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 September 16, 2024, to shareholders of record at the close of business on August 15, 2024. The Company's annual dividend rate on its Common Stock is $0.86 per share. Also, on July 1, 2024, the Board of Directors declared a quarterly dividend of $0.3984375 per share for the period from June 1, 2024, through August 31, 2024, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable September 16, 2024, to shareholders of record at the close of
FREEHOLD, NJ, June 26, 2024 (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 2024 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Wednesday, August 7, 2024, at 10:00 a.m. Eastern Time. UMH's Second Quarter 2024 results will be released on Tuesday, August 6, 2024, 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 web
FREEHOLD, NJ, May 02, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended March 31, 2024 of $57.7 million as compared to $52.6 million for the quarter ended March 31, 2023, representing an increase of 10%. Net Loss Attributable to Common Shareholders amounted to $6.3 million or $0.09 per diluted share for the quarter ended March 31, 2024 as compared to a Net Loss of $5.3 million or $0.09 per diluted share for the quarter ended March 31, 2023. Funds from Operations Attributable to Common Shareholders ("FFO"), was $14.0 million or $0.20 per diluted share for the quarter ended March 31, 2024 as compared to $10.6 million
FREEHOLD, NJ, April 01, 2024 (GLOBE NEWSWIRE) -- On April 1, 2024, 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, 2024, through May 31, 2024, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable June 17, 2024, to shareholders of record at the close of business on May 15, 2024. 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 135 manufactured home communities containing approximately 25,800 developed h
FREEHOLD, NJ, April 01, 2024 (GLOBE NEWSWIRE) -- On April 1, 2024, UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced today that its Board of Directors approved a 4.9% increase in the Company's quarterly common stock dividend, raising it to $0.215 per share from $0.205 per share. The dividend is payable June 17, 2024, to shareholders of record at the close of business on May 15, 2024. This represents an annual dividend rate of $0.86 per share. Samuel A. Landy, President and Chief Executive Officer, commented, "We are pleased to announce a fourth consecutive annual increase of our common stock dividend. In 2023, we experienced three consecutive quarters of normalized FFO per share growth
FREEHOLD, NJ, March 25, 2024 (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 2024 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Friday, May 3, 2024, at 10:00 a.m. Eastern Time. UMH's First Quarter 2024 results will be released on Thursday, May 2, 2024, 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
Alliance Global Partners analyst Gaurav Mehta initiates coverage on UMH Properties (NYSE:UMH) with a Buy rating and announces Price Target of $21.
Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors. Let's take a look at two REITs with dividend yields up to 5.7% and track records of dividend growth. CubeSmart CubeSmart (NYSE:CUBE) is the third largest owner and operator of self storage facili
UMH Properties (NYSE:UMH) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $18.5, with a high estimate of $21.50 and a low estimate of $17.00. Observing a downward trend, the current averag
B. Riley Securities analyst John Massocca reiterates UMH Properties (NYSE:UMH) with a Buy and maintains $18.5 price target.
In the latest quarter, 4 analysts provided ratings for UMH Properties (NYSE:UMH), showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $18.5, a high estimate of $21.50, and a low estimate of $17.00. This current average represents a 3.9% decrease from the previou
Wedbush analyst Richard Anderson reiterates UMH Properties (NYSE:UMH) with a Neutral and maintains $17 price target.
UMH Properties (NYSE:UMH) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.23 by 4.35 percent. This is a 10 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $57.680 million which beat the analyst consensus estimate of $55.892 million by 3.20 percent. This is a 9.64 percent increase over sales of $52.607 million the same period last year.
On April 1, 2024, UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced today that its Board of Directors approved a 4.9% increase in the Company's quarterly common stock dividend, raising it to $0.215 per share from $0.205 per share. The dividend is payable June 17, 2024, to shareholders of record at the close of business on May 15, 2024. This represents an annual dividend rate of $0.86 per share. Samuel A. Landy, President and Chief Executive Officer, commented, "We are pleased to announce a fourth consecutive annual increase of our common stock dividend. In 2023, we experienced three consecutive quarters of normalized FFO per share growth. Manufactured homes for sale or rent remain highly
Wedbush analyst Richard Anderson assumes UMH Properties (NYSE:UMH) with a Neutral rating and announces Price Target of $17.