Financial Analysis: UMH Properties (UMH) & Its Peers
UMH Properties (NYSE: UMH) is one of 44 public companies in the “Residential REITs” industry, but how does it contrast to its competitors? We will compare UMH Properties to related businesses based on the strength of its institutional ownership, earnings, dividends, risk, profitability, valuation and analyst recommendations.
Risk and Volatility
UMH Properties has a beta of 0.69, suggesting that its stock price is 31% less volatile than the S&P 500. Comparatively, UMH Properties’ competitors have a beta of 0.57, suggesting that their average stock price is 43% less volatile than the S&P 500.
UMH Properties pays an annual dividend of $0.72 per share and has a dividend yield of 4.5%. UMH Properties pays out -799.9% of its earnings in the form of a dividend. As a group, “Residential REITs” companies pay a dividend yield of 3.3% and pay out 119.1% of their earnings in the form of a dividend. UMH Properties is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.
Earnings & Valuation
This table compares UMH Properties and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|UMH Properties||$105.77 million||$41.90 million||-177.20|
|UMH Properties Competitors||$635.77 million||$353.96 million||0.65|
UMH Properties’ competitors have higher revenue and earnings than UMH Properties. UMH Properties is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a summary of current ratings for UMH Properties and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|UMH Properties Competitors||171||1111||1162||30||2.42|
UMH Properties currently has a consensus price target of $18.88, indicating a potential upside of 18.34%. As a group, “Residential REITs” companies have a potential upside of 6.55%. Given UMH Properties’ stronger consensus rating and higher probable upside, research analysts plainly believe UMH Properties is more favorable than its competitors.
This table compares UMH Properties and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|UMH Properties Competitors||18.54%||5.04%||1.96%|
Insider & Institutional Ownership
54.0% of UMH Properties shares are held by institutional investors. Comparatively, 77.0% of shares of all “Residential REITs” companies are held by institutional investors. 11.6% of UMH Properties shares are held by company insiders. Comparatively, 7.1% of shares of all “Residential REITs” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
UMH Properties Company Profile
UMH Properties, Inc. (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F), conducts manufactured home sales in its communities. As of May 31, 2017, the Company owned 107 manufactured home communities consisting of approximately 19,400 developed sites. The communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. In connection with the operation of its communities, UMH also leases homes to prospective tenants. As of December 31, 2016, UMH owned a total of 4,700 rental homes, representing approximately 26% of its developed sites. These rental homes are owned by the Company and rented to residents.
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