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.

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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

Mortgage applications surged by 16.8% in the week ending Aug. 9, marking the largest one-week jump since January 2023. This increase, despite stable interest rates, led to a significant rise in refinance activity and positively impacted mortgage-linked stocks, including the iShares Residential and Multisector Real Estate ETF (REZ) and its top-performing stocks.

Portfolio Pulse from Piero Cingari

August 14, 2024 | 3:07 pm

UMH Properties (NYSE:UMH) has been analyzed by 4 analysts, revealing mixed sentiments. The average 12-month price target is $19.12, up 9.26% from the previous $17.50. Analysts' ratings range from 'Neutral' to 'Buy', with price targets between $17.00 and $21.00. UMH Properties has shown strong revenue growth but faces challenges with profitability, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 4:00 pm

Wedbush analyst Richard Anderson maintains a Neutral rating on UMH Properties (NYSE:UMH) and raises the price target from $17 to $20.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:34 pm

UMH Properties has projected its normalized Funds From Operations (FFO) for 2024 to be in the range of $0.91 to $0.95.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:49 pm

UMH Properties (NYSE:UMH) reported Q2 2024 earnings per share (EPS) of $0.23, meeting analyst expectations. The company also reported sales of $60.328 million, surpassing the analyst estimate of $56.877 million. Both EPS and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:31 pm

Alliance Global Partners has initiated coverage on UMH Properties with a Buy rating and set a price target of $21.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 11:21 am

The article highlights two REITs, CubeSmart (NYSE:CUBE) and UMH Properties (NYSE:UMH), which offer attractive dividend yields and have a track record of dividend growth. CubeSmart has a yield of about 4.9% and has increased its dividend for 14 consecutive years. UMH Properties has a yield of about 5.7% and has raised its dividend for three consecutive years.

Portfolio Pulse from Joey Solitro

May 31, 2024 | 1:57 pm

UMH Properties (NYSE:UMH) has been analyzed by 5 analysts, showing a range of opinions from bullish to indifferent. The average 12-month price target is $18.5, with a high of $21.50 and a low of $17.00. Recent ratings include 'Buy' and 'Neutral' with some price target adjustments.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 5:00 pm

B. Riley Securities has reiterated its Buy rating on UMH Properties and maintained a price target of $18.5.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:19 pm

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