Streetbeat News

UMH

UMH Properties, Inc.

https://www.umh.reit

Industry

REIT - Residential

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.

Open

19.21

Mkt cap

1.5B

Volume

305K

High

19.42

P/E Ratio

148.54

52-wk high

20.64

Low

19.14

Div yield

0.04

52-wk low

14.09

UMH Properties' preferred shares offer a 6.89% yield with strong dividend coverage due to robust FFO and AFFO performance. The issuance of new common shares has improved the balance sheet by reducing debt and interest expenses.

Portfolio Pulse from

November 27, 2024 | 3:45 pm

UMH Properties' preferred stock has yielded a 19% return in under 18 months due to reduced debt and lower interest rates. The REIT improved its financial health by lowering its leverage ratio and interest expenses. The 6.9% preferred dividend is secure, making it an attractive investment.

Portfolio Pulse from

November 26, 2024 | 8:15 am

UMH Properties, Inc. held its Q3 2024 earnings call, discussing financial performance and company updates. Key participants included executives and analysts from various firms.

Portfolio Pulse from

November 07, 2024 | 9:00 pm

UMH Properties (UMH) reported its Q3 earnings for the quarter ended September 2024. Investors should consider how key metrics compare with Wall Street estimates and the previous year's figures.

Portfolio Pulse from

November 07, 2024 | 3:15 am

UMH Properties reported Q3 funds from operations (FFO) of $0.24 per share, meeting the Zacks Consensus Estimate and showing an increase from $0.22 per share a year ago.

Portfolio Pulse from

November 07, 2024 | 1:45 am

UMH Properties, Inc. reported a significant improvement in its financial performance for Q3 2024, with total income increasing by 8% to $60.7 million and net income attributable to common shareholders reaching $8.2 million, compared to a net loss in the same quarter last year.

Portfolio Pulse from

November 06, 2024 | 9:45 pm

UMH Properties announced that Hurricane Milton had minimal impact on its operations and financial results, indicating no material effect on the company's performance.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 8:16 pm

UMH Properties, Inc. reported a Q3 2024 equity market capitalization of over $1.5 billion. The company converted 179 new homes to revenue-generating status and increased occupancy rates. Gross home sales revenue rose by 10% year-over-year. UMH also raised $108.4 million through stock sales.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 8:18 pm

UMH Properties has announced that it does not expect Hurricane Helene to have a material impact on its operations or financial results.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 10:00 pm

B. Riley Securities has maintained a Buy rating on UMH Properties and raised the price target from $18.5 to $22.5.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:45 pm

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