UMH Properties (NYSE:UMH) Sets New 52-Week High – Time to Buy?

UMH Properties, Inc. (NYSE:UMH)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.66 and last traded at $16.6260, with a volume of 748019 shares. The stock had previously closed at $16.29.

Analysts Set New Price Targets

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

UMH Properties Stock Performance

The company has a market cap of $1.40 billion, a PE ratio of 137.04 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. The business has a 50-day moving average of $15.44 and a 200 day moving average of $15.35.

UMH Properties (NYSE:UMH) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $71.64 million for the quarter, compared to the consensus estimate of $60.76 million. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Equities research analysts anticipate 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. Investors of record on Monday, August 17th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.5%. The ex-dividend date is Monday, August 17th. UMH Properties’s payout ratio is 750.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of UMH Properties during the 2nd quarter worth $127,139,000. Goldman Sachs Group Inc. raised its holdings in UMH Properties by 110.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,865,018 shares of the real estate investment trust’s stock worth $29,672,000 after purchasing an additional 980,043 shares during the period. Schroder Investment Management Group bought a new position in UMH Properties in the 4th quarter worth $11,891,000. William Blair Investment Management LLC purchased a new position in UMH Properties during the second quarter valued at $10,175,000. Finally, Bank of New York Mellon Corp bought a new stake in UMH Properties during the second quarter valued at about $7,212,000. 75.40% of the stock is currently owned by institutional investors.

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.