UMH Properties (NYSE:UMH) Sets New 12-Month High – Here’s What Happened

UMH Properties, Inc. (NYSE:UMH)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $16.66 and last traded at $16.5750, with a volume of 13384 shares traded. The stock had previously closed at $16.56.

Analysts Set New Price Targets

A number of brokerages have recently commented on UMH. Odeon Capital Group set a $17.50 price objective on shares of UMH Properties in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.25.

UMH Properties Stock Down 0.2%

The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 137.75 and a beta of 0.96. The business has a fifty day simple moving average of $15.50 and a 200 day simple moving average of $15.37. 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) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.The firm had revenue of $71.64 million for the quarter, compared to analyst estimates of $60.76 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. As a group, equities analysts forecast that UMH Properties, Inc. will post 0.99 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Monday, August 17th. UMH Properties’s payout ratio is 750.00%.

Institutional Investors Weigh In On UMH Properties

A number of hedge funds have recently modified their holdings of UMH. Allworth Financial LP purchased a new position in shares of UMH Properties in the second quarter worth about $45,000. Summit Securities Group LLC acquired a new stake in UMH Properties in the 1st quarter valued at about $46,000. Danske Bank A S purchased a new position in UMH Properties in the 4th quarter worth approximately $49,000. Quantbot Technologies LP acquired a new position in shares of UMH Properties during the 2nd quarter worth approximately $52,000. Finally, Creative Financial Designs Inc. ADV grew its position 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 valued at $56,000 after purchasing an additional 1,720 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

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.