Jennison Associates LLC Lowers Position in UMH Properties, Inc. $UMH

Key Points

• Jennison Associates cut its stake in UMH by 14.6% to 1,355,600 shares (≈$21.6M), while overall institutional ownership stands around 75.4%, indicating active repositioning by large holders.
• UMH beat Q1 expectations with GAAP EPS of $0.03 (vs. $0.01 est.) and FFO of $0.23 (vs. $0.21 est.), and management set FY‑2026 EPS guidance of $0.98–$1.04, roughly in line with consensus.
• The company announced a quarterly dividend of $0.225 (annualized $0.90) for a ~5.7% yield, but the dividend payout ratio is extremely high (1,285.71%), which may raise concerns about sustainability.

Jennison Associates LLC cut its holdings in shares of UMH Properties, Inc. (NYSE:UMH - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,355,600 shares of the real estate investment trust's stock after selling 232,676 shares during the quarter. Jennison Associates LLC owned about 1.59% of UMH Properties worth $21,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of UMH. Royal Bank of Canada grew its holdings in shares of UMH Properties by 2.9% during the 1st quarter. Royal Bank of Canada now owns 191,545 shares of the real estate investment trust's stock worth $3,583,000 after purchasing an additional 5,409 shares during the period. Amundi grew its holdings in shares of UMH Properties by 15.6% during the 1st quarter. Amundi now owns 41,420 shares of the real estate investment trust's stock worth $778,000 after purchasing an additional 5,590 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of UMH Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,976 shares of the real estate investment trust's stock worth $804,000 after purchasing an additional 1,871 shares during the period. Creative Planning purchased a new position in shares of UMH Properties during the 2nd quarter worth $244,000. Finally, Prudential Financial Inc. purchased a new position in shares of UMH Properties during the 2nd quarter worth $181,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

UMH Properties News Roundup

Here are the key news stories impacting UMH Properties this week:

• Positive Sentiment: Quarterly results beat consensus: GAAP EPS of $0.03 (vs. $0.01 est.) and revenue of $65.84M (vs. $59.35M est.); net income attributable to common shareholders was $2.6M versus a loss a year ago — signals operational improvement and drove buying interest. UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2026
• Positive Sentiment: FFO beat: Reported FFO of $0.23/sh vs. Zacks consensus $0.21 — FFO is a key REIT metric and the out‑performance supports valuation and dividend coverage expectations. UMH Properties (UMH) Beats Q1 FFO Estimates
• Positive Sentiment: Guidance roughly in line/slightly above consensus: Management set FY‑2026 EPS guidance of $0.980–$1.040 (consensus ~ $0.99), implying continued normalized earnings and reducing near‑term uncertainty. Investors often reward clear guidance like this. UMH Properties Inc. Q1 earnings / transcript
• Positive Sentiment: Earnings call & materials reinforced results: Management reviewed operations, presented the slide deck and answered questions — supporting the quarter’s narrative and giving investors more confidence. UMH Properties, Inc. (UMH) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Pre-earnings previews and coverage framed the quarter as a “test” after a prior miss; these previews likely amplified attention but became less relevant after the beat. UMH Properties faces earnings test after last quarter’s miss
• Neutral Sentiment: Post‑release summaries (Yahoo/others) recapped the beat and guidance — useful for momentum but largely redundant to the primary filings/call. UMH: Q1 Earnings Snapshot

UMH Properties Stock Performance

Shares of UMH Properties stock opened at $15.81 on Friday. The business has a 50-day moving average of $15.08 and a 200 day moving average of $15.34. UMH Properties, Inc. has a 12 month low of $13.93 and a 12 month high of $17.88. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 158.14 and a beta of 0.99. The company has a debt-to-equity ratio of 1.17, a current ratio of 8.93 and a quick ratio of 8.93.

UMH Properties (NYSE:UMH - Get Free Report) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. UMH Properties had a return on equity of 4.90% and a net margin of 11.03%.The company had revenue of $65.84 million during the quarter, compared to analysts' expectations of $59.35 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. As a group, sell-side analysts forecast that UMH Properties, Inc. will post 0.99 earnings per share for the current year.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, May 15th. UMH Properties's dividend payout ratio (DPR) is 1,285.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald reiterated a "neutral" rating and set a $16.00 price target on shares of UMH Properties in a report on Monday, January 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of UMH Properties in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded UMH Properties from a "strong sell" rating to a "sell" rating in a report on Saturday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $18.00.

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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