UMH Properties (NYSE:UMH) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• UMH Properties shares crossed above their 200-day moving average, reaching $15.73 before closing at $15.5450, compared with a 200-day average of $15.39.
• Analysts have a consensus “Moderate Buy” rating and a $17.25 target price, with ratings ranging from Strong Buy to Hold.
• The REIT exceeded quarterly earnings and revenue expectations, reporting $0.05 EPS and $71.64 million in revenue, while paying a quarterly dividend of $0.225 per share for a 5.8% annualized yield.

UMH Properties, Inc. (NYSE:UMH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.39 and traded as high as $15.73. UMH Properties shares last traded at $15.5450, with a volume of 628,664 shares changing hands.

Wall Street Analyst Weigh In

UMH has been the topic of several research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of UMH Properties in a research report on Friday, July 31st. Odeon Capital Group set a $17.50 target price on shares of UMH Properties in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.25.

UMH Properties Price Performance

The firm has a market cap of $1.33 billion, a P/E ratio of 129.54 and a beta of 0.97. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.90 and a quick ratio of 6.90. The stock's 50-day simple moving average is $15.84 and its two-hundred day simple moving average is $15.39.

UMH Properties (NYSE:UMH - Get Free Report) last released its earnings results 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 firm 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. Equities research analysts forecast that UMH Properties, Inc. will post 1.01 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, August 17th. UMH Properties's payout ratio is currently 750.00%.

Hedge Funds Weigh In On UMH Properties

Several institutional investors have recently bought and sold shares of UMH. Engineers Gate Manager LP boosted its position in UMH Properties by 90.4% during the second quarter. Engineers Gate Manager LP now owns 52,153 shares of the real estate investment trust's stock valued at $790,000 after purchasing an additional 24,763 shares in the last quarter. Allworth Financial LP raised its stake in UMH Properties by 321.9% in the second quarter. Allworth Financial LP now owns 2,970 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 2,266 shares during the last quarter. Corient Private Wealth LP acquired a new stake in UMH Properties in the second quarter worth about $163,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of UMH Properties in the second quarter worth $300,000. Finally, Private Management Group Inc. raised its stake in shares of UMH Properties by 1.7% in the second quarter. Private Management Group Inc. now owns 1,970,696 shares of the real estate investment trust's stock worth $29,836,000 after purchasing an additional 33,589 shares during the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Company Profile

UMH Properties, Inc is a real estate investment trust that owns and operates manufactured housing communities in the United States. The company provides residents with affordable housing options through land-lease communities, where homeowners typically own their manufactured homes while leasing the underlying land from UMH.

UMH's activities include acquiring, developing, expanding and managing manufactured housing communities, as well as selling and leasing manufactured homes. Its portfolio includes company-owned homes that are offered for rent, providing an additional source of housing for residents who may prefer not to purchase a home.

Founded in 1968, UMH serves markets primarily in the Midwest and Mid-Atlantic regions, including communities in states such as Ohio, Indiana, Michigan, Pennsylvania, Tennessee, New Jersey, New York, Maryland, Illinois, Alabama and Kentucky.

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