Hsbc Holdings PLC Acquires New Stake in UMH Properties, Inc. $UMH

Key Points

• HSBC Holdings acquired 157,910 shares of UMH Properties in the second quarter, valued at roughly $2.39 million, while institutional investors collectively held 75.4% of the REIT’s stock.
• Analysts maintain a generally positive outlook, with UMH carrying a consensus “Moderate Buy” rating and an average price target of $17.25.
• UMH reported quarterly EPS of $0.05, beating estimates of $0.03, and revenue of $71.64 million versus expectations of $60.76 million. The company also declared a quarterly dividend of $0.225, equivalent to a 5.5% annualized yield.

Hsbc Holdings PLC bought a new position in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 157,910 shares of the real estate investment trust's stock, valued at approximately $2,390,000. Hsbc Holdings PLC owned 0.18% of UMH Properties at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UMH. Legal & General Group Plc bought a new stake in UMH Properties during the second quarter valued at $5,080,000. The Manufacturers Life Insurance Company acquired a new position in shares of UMH Properties during the 2nd quarter valued at $975,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in UMH Properties during the second quarter worth $880,000. Capital Square LLC bought a new position in UMH Properties during the second quarter worth $274,000. Finally, Globeflex Capital L P acquired a new stake in UMH Properties in the second quarter worth $533,000. 75.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UMH. Wall Street Zen upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Sunday, May 10th. Odeon Capital Group set a $17.50 target price on UMH Properties in a research note on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of UMH Properties in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.25.

UMH Properties Price Performance

Shares of UMH opened at $16.51 on Monday. The business's fifty day moving average is $15.71 and its 200 day moving average is $15.41. UMH Properties, Inc. has a 12-month low of $13.93 and a 12-month high of $16.77. The company has a quick ratio of 6.90, a current ratio of 6.90 and a debt-to-equity ratio of 1.28. The stock has a market cap of $1.41 billion, a P/E ratio of 137.58 and a beta of 0.96.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. UMH Properties had a net margin of 11.55% and a return on equity of 5.40%. The business had revenue of $71.64 million during the quarter, compared to analyst estimates of $60.76 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Sell-side analysts anticipate that UMH Properties, Inc. will post 0.99 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Monday, August 17th. UMH Properties's dividend payout ratio is currently 750.00%.

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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