UMH Properties (NYSE:UMH) Sets New 12-Month High – Still a Buy?

UMH Properties, Inc. (NYSE:UMH) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.77 and last traded at $16.5850, with a volume of 800861 shares changing hands. The stock had previously closed at $16.62.

Analysts Set New Price Targets

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

UMH Properties Stock Down 0.8%

The company has a debt-to-equity ratio of 1.28, a quick ratio of 6.90 and a current ratio of 6.90. The company has a market capitalization of $1.41 billion, a PE ratio of 137.71 and a beta of 0.96. The firm’s 50-day simple moving average is $15.68 and its 200 day simple moving average is $15.40.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, equities research analysts forecast that UMH Properties, Inc. will post 0.99 earnings per share for the current year.

UMH Properties Announces Dividend

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

Institutional Investors Weigh In On UMH Properties

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in UMH Properties by 2.9% during the first quarter. Royal Bank of Canada now owns 191,545 shares of the real estate investment trust’s stock worth $3,583,000 after purchasing an additional 5,409 shares during the last quarter. Amundi boosted its position in UMH Properties by 15.6% during the first quarter. Amundi now owns 41,420 shares of the real estate investment trust’s stock worth $778,000 after purchasing an additional 5,590 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in UMH Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,976 shares of the real estate investment trust’s stock valued at $804,000 after purchasing an additional 1,871 shares during the last quarter. Creative Planning acquired a new stake in UMH Properties in the second quarter valued at $244,000. Finally, Prudential Financial Inc. purchased a new position in shares of UMH Properties during the 2nd quarter worth approximately $181,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.

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.