UMH Properties (NYSE:UMH) Hits New 52-Week High - Still a Buy?

Key Points

• UMH Properties reached a new 52-week high of $16.66, while analysts maintain a consensus “Moderate Buy” rating and a $17.25 price target.
• The REIT exceeded quarterly expectations, reporting $0.05 earnings per share versus a $0.03 estimate and revenue of $71.64 million versus $60.76 million expected.
• UMH declared a quarterly dividend of $0.225 per share, equivalent to a $0.90 annualized payout and a 5.4% yield; however, its reported dividend payout ratio is notably high at 750%.

UMH Properties, Inc. (NYSE:UMH - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.66 and last traded at $16.5750, with a volume of 13384 shares trading hands. The stock had previously closed at $16.56.

Analysts Set New Price Targets

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

UMH Properties Price Performance

The stock has a fifty day moving average of $15.50 and a 200 day moving average of $15.37. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 137.75 and a beta of 0.96. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.90 and a quick ratio of 6.90.

UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share 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 company had revenue of $71.64 million for 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. On average, analysts expect that UMH Properties, Inc. will post 0.99 EPS 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 dividend of $0.225 per share. This represents a $0.90 annualized dividend 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 750.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMH. Allworth Financial LP acquired a new stake in UMH Properties during the 2nd quarter worth about $45,000. Summit Securities Group LLC acquired a new position in shares of UMH Properties in the 1st quarter valued at about $46,000. Danske Bank A S purchased a new stake in shares of UMH Properties in the fourth quarter worth about $49,000. Quantbot Technologies LP purchased a new stake in shares of UMH Properties in the second quarter worth about $52,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in UMH Properties by 96.9% during 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 acquiring an additional 1,720 shares during the period. 75.40% of the stock is currently owned by institutional investors and hedge funds.

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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