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

19.33

Mkt cap

1.5B

Volume

346K

High

20.42

P/E Ratio

-270.71

52-wk high

20.64

Low

18.95

Div yield

0.04

52-wk low

13.91

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

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

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