Pacific Heights Asset Management LLC Purchases Shares of 700,000 UMH Properties, Inc. $UMH

Key Points

• Pacific Heights Asset Management acquired 700,000 UMH Properties shares worth approximately $10.6 million, representing a 0.82% stake. Institutional investors collectively own 75.4% of the REIT.
• Analysts maintain a generally positive outlook, with UMH holding a consensus “Moderate Buy” rating and an average price target of $17.25 versus its recent $16.52 share price.
• UMH exceeded quarterly earnings expectations, reporting $0.05 EPS and $71.64 million in revenue. The company also declared a $0.225 quarterly dividend, equivalent to a 5.4% annualized yield.

Pacific Heights Asset Management LLC acquired a new position in UMH Properties, Inc. (NYSE:UMH - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 700,000 shares of the real estate investment trust's stock, valued at approximately $10,598,000. Pacific Heights Asset Management LLC owned 0.82% of UMH Properties as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP bought a new stake in UMH Properties during the 2nd quarter valued at approximately $45,000. Danske Bank A S purchased a new stake in UMH Properties during the 4th quarter valued at approximately $49,000. Quantbot Technologies LP bought a new stake in shares of UMH Properties during the second quarter valued at approximately $52,000. Summit Securities Group LLC bought a new stake in shares of UMH Properties during the first quarter valued at approximately $46,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of UMH Properties by 96.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,495 shares of the real estate investment trust's stock worth $56,000 after buying an additional 1,720 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company's stock.

Analysts Set New Price Targets

UMH has been the subject of several research analyst reports. Wall Street Zen raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Sunday, May 10th. Weiss Ratings restated a "hold (c)" rating on shares of UMH Properties in a report on Friday, July 31st. Finally, Odeon Capital Group set a $17.50 price target on shares of UMH Properties in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.25.

UMH Properties Stock Performance

Shares of NYSE:UMH opened at $16.52 on Friday. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28. UMH Properties, Inc. has a 12 month low of $13.93 and a 12 month high of $16.77. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 137.71 and a beta of 0.96. The firm's 50-day moving average is $15.68 and its 200 day moving average is $15.40.

UMH Properties (NYSE:UMH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $60.76 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Research analysts predict that UMH Properties, Inc. will post 0.99 EPS for the current year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, August 17th. UMH Properties's dividend payout ratio (DPR) 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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