UMH Properties (NYSE:UMH) Hits New 52-Week High – Here’s What Happened

UMH Properties, Inc. (NYSE:UMH) reached a new 52-week high during trading on Thursday . The company 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

Several equities analysts have recently issued reports on the company. Odeon Capital Group set a $17.50 price target on UMH Properties in a research report on Thursday, July 9th. Wall Street Zen raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research note on Friday, July 31st. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.25.

UMH Properties Trading Up 2.1%

The firm has a market capitalization of $1.42 billion, a PE ratio of 138.55 and a beta of 0.96. The firm has a 50 day simple moving average of $15.39 and a 200 day simple moving average of $15.34. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28.

UMH Properties (NYSE:UMH) last posted 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 return on equity of 5.40% and a net margin of 11.55%.The firm had revenue of $71.64 million during the quarter, compared to analysts’ expectations of $60.76 million. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. Equities analysts expect that UMH Properties, Inc. will post 0.99 earnings per share for the current fiscal 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 paid a dividend of $0.225 per share. The ex-dividend date is Monday, August 17th. This represents a $0.90 annualized dividend and a yield of 5.4%. UMH Properties’s dividend payout ratio is currently 750.00%.

Institutional Trading of UMH Properties

A number of large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its stake in UMH Properties by 6.8% in the 2nd quarter. Osaic Holdings Inc. now owns 13,062 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 827 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of UMH Properties by 2.3% during the 4th quarter. State of Alaska Department of Revenue now owns 43,865 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 995 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of UMH Properties by 7.9% during the 4th quarter. ProShare Advisors LLC now owns 14,676 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 1,072 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of UMH Properties by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 46,979 shares of the real estate investment trust’s stock valued at $747,000 after acquiring an additional 1,213 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of UMH Properties by 4.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 30,562 shares of the real estate investment trust’s stock valued at $486,000 after acquiring an additional 1,285 shares during the last quarter. 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.