UMH Properties (NYSE:UMH) Stock, Quote.Headers.trade-ideas

UMH Properties

UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to residents . The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc. sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for their sites and homes, where the company is the lessor.

Comparison To The 2008 Crash

Equities

Macro Economic Events

REIT

Sector ETFs

Econ #s

Economics

Markets

ETFs

Real Estate

iShares FTSE NAREIT Residential PLUS Capped Index Fund

WELL

Mortgage applications surge 16.8%, refinance activity at highest since 2022. Mortgage-linked stocks reach record levels. Top-performing stocks listed.

Mortgage Applications Rocket By 16.8%, Notch Strongest Weekly Increase In 1.5 Years: &#39;Homebuyers Took The Opportunity To Refinance&#39;

Dividends Photo by Michail Petrov on Shutterstock

CUBE

Buy These REITs for Yields Up to 5.7% and Dividend Growth

Reit,Real,Estate,Investment,Trust,Symbol.,Concept,Words,Reit,Real

3 Manufactured Homes REITs With Yields Up to 5.6% and Track Records of Dividend Growth

UMH Properties Inc

Umatrin Holding Ltd

UMH Properties, Inc. 6.375% Series D Cumulative Redeemable Preferred Stock, Liquidation Preference $25 per share

On November 13, a recent SEC filing unveiled that SAMUEL LANDY, President and CEO at UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) made an insider sell.
What Happened: LANDY opted to sell 50,000 shares of UMH Properties, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000752642/000075264224000100//Archives/edgar/data/752642/000075264224000100/0000752642-24-000100-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The transaction's total worth stands at $977,500.
As of Thursday morning, UMH Properties shares are down by 0.0%, currently priced at $19.75.
<h3>Get to Know UMH Properties Better</h3>
UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to residents . The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc. sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for their sites and homes, where the company is the lessor.
<h3>Key Indicators: UMH Properties's Financial Health</h3>
Revenue Growth: UMH Properties's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 8.26%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 53.92%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): UMH Properties's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.11.
</li>
</ul>
Debt Management: UMH Properties's debt-to-equity ratio is below the industry average. With a ratio of 1.12, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 151.92, UMH Properties's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 5.94 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): UMH Properties's EV/EBITDA ratio stands at 20.55, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Activity Matters in Finance</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000752642">Check Out The Full List Of UMH Properties's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Insider Trades

Trading Ideas

Insider Decision: SAMUEL LANDY Offloads $977K Worth Of UMH Properties Stock

UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) reported quarterly earnings of $0.24 per share which met the analyst consensus estimate. This is a 9.09 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $60.671 million which beat the analyst consensus estimate of $58.816 million by 3.15 percent. This is a 8.26 percent increase over sales of $56.044 million the same period last year.

Earnings

Earnings Beats

UMH Properties Q3 2024 FFO $0.24, Inline, Sales $60.671M Beat $58.816M Estimate

UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) narrows FY2024 FFO guidance from $0.91-0.95 to $0.92-0.94 vs $0.93 analyst estimate..

Guidance

UMH Properties Narrows FY2024 FFO Guidance from $0.91-0.95 to $0.92-0.94 vs $0.93 Est

UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate UMH Properties to report an earnings per share (EPS) of $0.24.
Investors in UMH Properties are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
The company's EPS beat by $0.01 in the last quarter, leading to a 0.16% increase in the share price on the following day.
Here's a look at UMH Properties's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.22</td>
<td>0.22</td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.23</td>
<td>0.22</td>
<td>0.23</td>
<td>0.22</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-4.0%</td>
<td>8.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<h3>UMH Properties Share Price Analysis</h3>
Shares of UMH Properties were trading at $18.4 as of November 04. Over the last 52-week period, shares are up 26.22%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Observations about UMH Properties</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on UMH Properties.
A total of 2 analyst ratings have been received for UMH Properties, with the consensus rating being Buy. The average one-year price target stands at $21.25, suggesting a potential 15.49% upside.
<h3>Analyzing Ratings Among Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of American Homes 4 Rent, Equity Lifestyle Props and Sun Communities, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, American Homes 4 Rent is favoring an Neutral trajectory, with an average 1-year price target of $42.11, suggesting a potential 128.86% upside.</li>
<li>Equity Lifestyle Props received a Neutral consensus from analysts, with an average 1-year price target of $75.0, implying a potential 307.61% upside.</li>
<li>The consensus among analysts is an Neutral trajectory for Sun Communities, with an average 1-year price target of $148.57, indicating a potential 707.45% upside.</li>
</ul>
<h3>Peer Analysis Summary</h3>
The peer analysis summary presents essential metrics for American Homes 4 Rent, Equity Lifestyle Props and Sun Communities, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>UMH Properties</td>
<td>Buy</td>
<td>9.11%</td>
<td>$33.27M</td>
<td>0.12%</td>
</tr>
<tr>
<td>American Homes 4 Rent</td>
<td>Neutral</td>
<td>5.54%</td>
<td>$241.05M</td>
<td>1.05%</td>
</tr>
<tr>
<td>Equity Lifestyle Props</td>
<td>Neutral</td>
<td>-0.64%</td>
<td>$174.24M</td>
<td>5.78%</td>
</tr>
<tr>
<td>Sun Communities</td>
<td>Neutral</td>
<td>1.09%</td>
<td>$395.90M</td>
<td>0.75%</td>
</tr>
</tbody>
</table>

Key Takeaway:
UMH Properties ranks at the bottom for Revenue Growth among its peers. It is at the bottom for Gross Profit as well. For Return on Equity, UMH Properties is also at the bottom.
<h3>Delving into UMH Properties's Background</h3>
UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to residents . The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc. sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for their sites and homes, where the company is the lessor.
<h3>UMH Properties: Delving into Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining UMH Properties's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.11% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: UMH Properties's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.87%, the company may face hurdles in effective cost management.
Return on Equity (ROE): UMH Properties's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.12%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.04%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: UMH Properties's debt-to-equity ratio stands notably higher than the industry average, reaching 1.5. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/UMH/earnings">To track all earnings releases for UMH Properties visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For UMH Properties

UMH Properties Reports Minimal Impact From Hurricane Milton, No Material Effect On Operations Or Financial Results

UMH Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) (TASE: UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, is providing investors with an update on our third quarter 2024 operating results: &nbsp;
<ol>
<li>As of quarter end, UMH achieved an equity market capitalization of over $1.5 billion.</li>
<li>During the third quarter, UMH converted 179 new homes from inventory to revenue generating homes. UMH now owns approximately 10,300 rental homes with an occupancy rate of 94.4%.</li>
<li>During the third quarter, UMH sold 100 homes of which 32 were new home sales. Gross home sales revenue for the third quarter was $8.7 million as compared to $7.9 million last year, representing an increase of approximately 10%.</li>
<li>Year to date, overall occupancy increased by 235 units to 87%. During the third quarter, overall occupancy increased by 39 units. Year over year, overall occupancy increased by 271 units.</li>
<li>Our occupancy gains and rent increases achieved throughout 2023 and 2024 have increased our September 2024 rental and related charges by approximately 8%, resulting in our annualized monthly rent roll generating $206 million.
<ol>
<li>We issued and sold approximately 5.7 million shares of Common Stock through our At-the-Market Sale program at a weighted average price of $18.93 per share, generating gross proceeds of $108.4 million.</li>
</ol>
</li>
</ol>

UMH Properties, Inc. Q3 2024 Operations Update; Achieved An Equity Market Capitalization Of Over $1.5B

UMH Properties Expects Effects Of Hurricane Helene Storm Not To Have Material Impact On Its Operations Or Financial Results

B. Riley Securities analyst John Massocca maintains UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) with a Buy and raises the price target from $18.5 to $22.5.

Price Target

Analyst Ratings

B. Riley Securities Maintains Buy on UMH Properties, Raises Price Target to $22.5

Mortgage applications skyrocketed by 16.8% in the week ending Aug. 9, according to data released Wednesday by the <a href="https://www.benzinga.com/topic/mortgages">Mortgage Bankers Association</a>.
This impressive increase follows a 6.9% rise in the previous week and represents the largest one-week jump since January 2023. 
The surge comes despite the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remaining relatively stable at 6.54%, compared to 6.55% the week before.
<h3 class="wp-block-heading">Refinance Activity Hits Highest Level Since May 2022</h3>
The Refinance Index, which is highly sensitive to interest rate changes, surged by 35% from the previous week, marking a 118% increase compared to the same week last year. 
This sharp rise is the highest weekly gain for the Refinance Index since May 2022. 
Consequently, the refinance share of mortgage activity grew to 48.6% of total applications, up from 41.7% the previous week. Additionally, the share of adjustable-rate mortgage (ARM) applications increased to 7.3% of total applications.
Read Now: <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40368118/true-us-debt-is-175-trillion-former-coinbase-cto-on-unpayable-crisis">&#8216;True&#8217; US Debt Is $175 Trillion: Former Coinbase CTO On &#8216;Unpayable&#8217; Crisis</a>
Joel Kan, MBA's vice president and deputy chief economist, commented on the data, stating, &#8220;Rates on both 30- and 15-year fixed-rate mortgages decreased for the second consecutive week, and combined with the previous week's rate moves, spurred another strong week for application activity as borrowers with higher rates took the opportunity to refinance.&#8221; 
Kan also highlighted that purchase applications increased by 3%, with modest gains across various loan types, suggesting that prospective homebuyers are gradually returning to the market.
<h3 class="wp-block-heading">Mortgage-Linked Stocks Soar To September 2022 Levels</h3>
The recent surge in mortgage activity has positively impacted mortgage-linked stocks, pushing them to their highest levels since September 2022. 
The iShares Residential and Multisector Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REZ#NYSE">REZ</a>) rose 0.3% on Wednesday, putting it on track to close the session at its highest point since September 2022.
Notably, the ETF has posted gains for 12 straight weeks, achieving its longest winning streak since the fund&#8217;s launch in 2007. Additionally, the fund has closed in the green 16 out of the last 17 weeks.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="478" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-1024x478.png" alt="" class="wp-image-494968" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-1024x478.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-300x140.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-768x358.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35-1536x717.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/14104129/image-1-35.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081424&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
Below are the top-performing stocks in the REZ ETF year-to-date:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Ytd Return (%)</td>
</tr>
<tr>
<td>Diversified Healthcare Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DHC#NASDAQ">DHC</a>)</td>
<td>310.64</td>
</tr>
<tr>
<td>National Health Investors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NHI#NYSE">NHI</a>)</td>
<td>37.44</td>
</tr>
<tr>
<td>Welltower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>)</td>
<td>33.37</td>
</tr>
<tr>
<td>UMH Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>)</td>
<td>31.73</td>
</tr>
<tr>
<td>Independence Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>)</td>
<td>31.51</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">As of Aug. 14, 2024 at 10:30 a.m. ET</figcaption></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40365730/july-inflation-rate-falls-more-than-expected-supports-hopes-for-large-fed-rate-cu">July Inflation Rate Falls More Than Expected, Supports Hopes For Large Fed Rate Cuts</a></li>
</ul>
Photo via Shutterstock.

Mortgage Applications Rocket By 16.8%, Notch Strongest Weekly Increase In 1.5 Years: 'Homebuyers Took The Opportunity To Refinance'

UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $19.12, along with a high estimate of $21.00 and a low estimate of $17.00. This current average has increased by 9.26% from the previous average price target of $17.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1723132823_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of UMH Properties among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$20.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Gaurav Mehta</td>
<td>Alliance Global Partners</td>
<td>Announces</td>
<td>Buy</td>
<td>$21.00</td>
<td>-</td>
</tr>
<tr>
<td>John Massocca</td>
<td>B. Riley Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.50</td>
<td>$18.50</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to UMH Properties. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of UMH Properties compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of UMH Properties's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of UMH Properties's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/UMH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on UMH Properties analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About UMH Properties</h2>
UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to residents . The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc. sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for their sites and homes, where the company is the lessor.
<h3>Unraveling the Financial Story of UMH Properties</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: UMH Properties's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 9.11%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: UMH Properties's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 0.87%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): UMH Properties's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.12%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): UMH Properties's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.04%, the company may face hurdles in achieving optimal financial performance.
Debt Management: UMH Properties's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.5, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About UMH Properties Stock

Wedbush analyst Richard Anderson maintains UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) with a Neutral and raises the price target from $17 to $20.

Wedbush Maintains Neutral on UMH Properties, Raises Price Target to $20

UMH Properties Sees 2024 Normalized FFO $0.91-$0.95

UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) reported quarterly earnings of $0.23 per share which met the analyst consensus estimate. This is a 9.52 percent increase over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $60.328 million which beat the analyst consensus estimate of $56.877 million by 6.07 percent. This is a 9.11 percent increase over sales of $55.290 million the same period last year.

UMH Properties Q2 2024 FFO $0.23, Inline, Sales $60.328M Beat $56.877M Estimate

Alliance Global Partners analyst Gaurav Mehta initiates coverage on UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) with a Buy rating and announces Price Target of $21.

Initiation

Alliance Global Partners Initiates Coverage On UMH Properties with Buy Rating, Announces Price Target of $21

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs with dividend yields up to 5.7% and track records of dividend growth.
<h2 class="wp-block-heading">CubeSmart</h2>
CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) is the third largest owner and operator of self storage facilities in the United States. It currently owns or manages <a href="https://s201.q4cdn.com/604002580/files/doc_presentations/2024/May/08/cube-ir-presentation-may-2024-final.pdf">1,473</a> self storage properties across the country.
Don't Miss:
<ul>
<li>New fund backed by Jeff Bezos offers a 7-9% target yield with monthly dividends. <a href="https://www.benzinga.com/money/arrived-private-credit-fund">Here's how you can invest today</a>.</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." This <a href="https://www.benzinga.com/money/cityfunds-yield">high-yield real estate fund, offering an 8% yield</a>, makes earning passive income easier than ever. </li>
</ul>
CubeSmart currently pays a quarterly dividend of $0.51 per share, equating to an annualized dividend of $2.04 per share, which gives its stock a yield of about 4.8% at the time of this writing.
In addition to being a high-yielder, CubeSmart is a dividend-growth star. The company proudly noted that its <a href="https://investors.cubesmart.com/news--events/news-details/2023/CubeSmart-Announces-4.1-Increase-in-Quarterly-Common-Dividend/default.aspx">4.1% dividend hike in December</a> marked the 14th consecutive year in which it has raised its annual dividend payment.
<h2 class="wp-block-heading">UMH Properties</h2>
UMH Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) owns and operates <a href="https://umh.reit/home/default.aspx">136</a> manufactured home communities containing approximately 25,800 developed homesites across 11 U.S. states. It also has an ownership interest in an additional two communities in Florida containing 363 sites through a joint venture with Nuveen Real Estate and owns approximately 2,100 acres of land for the development of new sites.
Trending: The average American couple has saved this much money for retirement — <a href="http://www.benzinga.com/money/smartasset">How do you compare</a>?
UMH currently pays a quarterly dividend of $0.215 per share, equating to an annualized dividend of $0.86 per share, which gives its stock a yield of about 5.7% at the time of this writing.&nbsp;
Like CubeSmart, UMH has shown a strong dedication to growing its dividend. It has raised its annual dividend payment for three consecutive years, and its 4.9% hike in April has it on track for 2024 to mark the fourth consecutive year with an increase.
Keep Reading:
<ul>
<li>Passive income investments are one of the most trusted methods for riding out a recession, so it's no surprise that people are turning to <a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail">high-yield real estate notes that pay a fixed 7.5% to 9%.</a></li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. This platform <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allows individuals to invest in commercial real estate with as little as $5,000. </a></li>
</ul>
Image Credit: Shutterstock

UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $18.5, with a high estimate of $21.50 and a low estimate of $17.00. Observing a downward trend, the current average is 2.63% lower than the prior average price target of $19.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1717088420_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of UMH Properties by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Massocca</td>
<td>B. Riley Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.50</td>
<td>$18.50</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$17.00</td>
<td>-</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Announces</td>
<td>Neutral</td>
<td>$17.00</td>
<td>-</td>
</tr>
<tr>
<td>Merrill Ross</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$21.50</td>
<td>$20.00</td>
</tr>
<tr>
<td>John Massocca</td>
<td>B. Riley Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.50</td>
<td>$18.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to UMH Properties. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of UMH Properties compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of UMH Properties's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of UMH Properties's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/UMH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on UMH Properties analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind UMH Properties</h2>
UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to residents . The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc. sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for their sites and homes, where the company is the lessor.
<h3>Financial Insights: UMH Properties</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: UMH Properties displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 9.64%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: UMH Properties's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -10.86%, the company may face hurdles in effective cost management.
Return on Equity (ROE): UMH Properties's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -1.5%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): UMH Properties's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.44%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: UMH Properties's debt-to-equity ratio stands notably higher than the industry average, reaching 1.6. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where UMH Properties Stands With Analysts

B. Riley Securities analyst John Massocca reiterates UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) with a Buy and maintains $18.5 price target.

Reiteration

B. Riley Securities Reiterates Buy on UMH Properties, Maintains $18.5 Price Target

In the latest quarter, 4 analysts provided ratings for UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>), showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $18.5, a high estimate of $21.50, and a low estimate of $17.00. This current average represents a 3.9% decrease from the previous average price target of $19.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1715605218_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of UMH Properties by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$17.00</td>
<td>-</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Announces</td>
<td>Neutral</td>
<td>$17.00</td>
<td>-</td>
</tr>
<tr>
<td>Merrill Ross</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$21.50</td>
<td>$20.00</td>
</tr>
<tr>
<td>John Massocca</td>
<td>B. Riley Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.50</td>
<td>$18.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to UMH Properties. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of UMH Properties compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for UMH Properties's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into UMH Properties's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/UMH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on UMH Properties analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into UMH Properties's Background</h2>
UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to residents . The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc. sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for their sites and homes, where the company is the lessor.
<h3>Understanding the Numbers: UMH Properties's Finances</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: UMH Properties displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 9.64%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: UMH Properties's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -10.86%, the company may face hurdles in effective cost management.
Return on Equity (ROE): UMH Properties's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -1.5%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): UMH Properties's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.44%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: UMH Properties's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.6, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About UMH Properties

Wedbush analyst Richard Anderson reiterates UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) with a Neutral and maintains $17 price target.

Wedbush Reiterates Neutral on UMH Properties, Maintains $17 Price Target

UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.23 by 4.35 percent. This is a 10 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $57.680 million which beat the analyst consensus estimate of $55.892 million by 3.20 percent. This is a 9.64 percent increase over sales of $52.607 million the same period last year.

Earnings Misses

UMH Properties Q1 2024 FFO $0.22 Misses $0.23 Estimate, Sales $57.680M Beat $55.892M Estimate

UMH Properties: The 6.9% Yielding Preferred Shares Enjoy Good Coverage

Sector Spotlight: Manufactured Housing REITs

Global Real Estate Sustainability Benchmark Scores For REITs Stay Stable In 2024

Real estate stocks show pockets of outperformance in 2024

REITs benefit from rising rents driven by high demand, limited supply, and inflation, ensuring steady income, wealth growth, and protection against inflation, with strong long-term prospects. Therefore, it may be wise to consider robust REITs like AvalonBay Communities (AVB), Essex Property Trust (ESS), and UMH Properties (UMH). Read on… REITs offer a promising investment, benefiting from rising rents, limited new supply, and high-demand sectors like e-commerce, senior housing, and AI-driven data centers. With inflation boosting property values and rents, REITs ensure dividend growth and a steady income stream, acting as a natural hedge against rising costs.
Therefore, investors might want to consider strong REITs benefiting from rising rents, such as AvalonBay Communities, Inc. (<a href="https://stocknews.com/stock/AVB/">AVB</a>), Essex Property Trust, Inc. (<a href="https://stocknews.com/stock/ESS/">ESS</a>), and UMH Properties, Inc. (<a href="https://stocknews.com/stock/UMH/">UMH</a>).
High demand, low housing inventory, rising mortgage rates, and costly construction have led many to rent longer, driving up demand for rental properties. Since 2020, rents have surged, with current prices <a href="https://www.nerdwallet.com/article/finance/rental-market-trends">33.5% higher</a> than pre-pandemic levels. As of October 2024, asking rents were 3.3% higher than last year.
While housing inflation has slowed, rent prices and housing-related services continue to rise, making REITs an attractive investment option for those seeking reliable payouts, wealth growth, and protection against inflation. Additionally, REITs offer global diversification and sector-specific exposure. The market is projected to reach $4.20 trillion by 2027, growing at a <a href="https://www.finextra.com/blogposting/26051/the-global-future-forecast-and-trends-of-reit-industry">CAGR of 2.8%</a>.
Overall, REITs present a balanced investment opportunity, especially as broader market conditions support sector recovery. The expansion of AI and e-commerce drives sustained long-term demand, making REITs an attractive option for investors seeking growth and stability. With this in mind, let's now explore the fundamentals of the three REITs mentioned above.
AvalonBay Communities, Inc. (<a href="https://stocknews.com/stock/AVB/">AVB</a>)
AVB is an equity REIT engaged in developing, redeveloping, acquiring, and managing apartment communities in major metropolitan areas across New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.
AVB's trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> of 61.79% is 13.3% higher than the 54.56% industry average. The stock's trailing-12-month Return on Common Equity of 8.79% is 145.8% higher than the industry average of 3.58%. Also, its trailing-12-month Return on Total Assets of 4.89% is 212% higher than the industry average of 1.57%.
During the fiscal third quarter that ended September 30, 2024, AVB's total revenue increased 5.3% year-over-year to $734.31 million. Likewise, the company's net income attributable to common stockholders and core FFO came in at $372.52 million and $2.74, up 116.5% and 3% over the prior-year quarter, respectively.
Street expects AVB's FFO for the quarter ending December 31, 2024, to increase 3.6% year-over-year to $2.84. Its revenue for the same quarter is expected to rise 5.3% year-over-year to $739.66 million. It surpassed the Street EPS estimates in three of the trailing four quarters. Over the past nine months, the stock has gained 21.9% to close the last trading session at $219.17.
AVB's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Stability and Sentiment. Within the <a href="https://stocknews.com/category/reits-residential/">REITs – Residential</a> industry, AVB is ranked #5 out of 19 stocks. To see AVB's ratings for Growth, Value, Momentum, and Quality, <a href="https://stocknews.com/stock/AVB/">click here</a>.
Essex Property Trust, Inc. (<a href="https://stocknews.com/stock/ESS/">ESS</a>)
ESS is an S&amp;P 500 company and a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in select West Coast markets. ESS currently holds ownership interests in 254 apartment communities, comprising approximately 62,000 apartment homes.
In terms of the trailing-12-month EBIT margin, ESS' 30.79% is 35.6% higher than the 22.70% industry average. Similarly, the stock's 68.28% trailing-12-month gross profit margin is 3.3% higher than the 66.08% industry average. Moreover, its trailing-12-month net income margin of 31.35% is 191.7% higher than the 10.75% industry average.
ESS's earnings from operations for the fiscal third quarter, which ended on September 30, 2024, were $128.79 million. Its core funds from operations attributable to common stockholders and unitholders were reported at $260 million, or $3.91 per share, each up 3.4% year-over-year.
For the quarter ending December 31, 2024, ESS' revenue is expected to increase 7.8% year-over-year to $451.58 million. Its FFO for the same quarter is expected to grow 2% year-over-year to $3.91. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past nine months, ESS' stock has gained 20.7% to close the last trading session at $284.25.
ESS' bright prospects are reflected in its POWR Ratings. It has a B grade for Growth, Stability, and Sentiment. It is ranked #2 in the REITs – Residential industry. To access the additional grades of ESS for Value, Momentum, and Quality, <a href="https://stocknews.com/stock/ESS/">click here</a>.
UMH Properties, Inc. (<a href="https://stocknews.com/stock/UMH/">UMH</a>)
UMH is a public equity REIT that owns and operates 135 manufactured home communities, comprising approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina, and Georgia.
On November 4, 2024, UMH announced the acquisition of a self-storage facility with 246 units in Anderson, Indiana, surpassing 1,000 self-storage units in its portfolio. All units are located near UMH communities, enhancing customer service for residents and local storage needs.
In terms of the trailing-12-month asset turnover ratio, UMH's 0.16x is 22.9% higher than the 0.13x industry average. Similarly, its 1.86% trailing-12-month Return on Total Assets is 18.6% higher than the 1.57% industry average. Its 11.87% trailing-12-month net income margin is 10.4% higher than the 10.75% industry average.
UMH's total income grew 8.3% year-over-year to $60.67 million in the third quarter, which ended on September 30, 2024. Additionally, the company's normalized FFO was $18.46 million, or $0.24 per common share, representing increases of 28.2% and 9.1%, respectively, from the prior year.
Analysts expect UMH's FFO and revenue for the quarter ending December 31, 2024, to increase 5.4% and 4.3% year-over-year to $0.24 and $59.44 million, respectively. Over the past year, the stock has gained 25.3% to close the last trading session at $19.00.
UMH's robust outlook is reflected in its POWR Ratings. It has a B grade for Stability and Sentiment and is ranked #29 out of 43 stocks in the <a href="https://stocknews.com/category/reits-diversified/">REITS - Diversified</a> industry. In addition to what we have stated above, we have given UMH grades for Growth, Value, Momentum, and Quality. Get all the UMH ratings <a href="https://stocknews.com/stock/UMH/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
&nbsp;

<hr />
AVB shares closed at $219.17 on Friday, up $2.10 (+0.97%). Year-to-date, AVB has declined -0.36%, versus a 1.00% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/avb-ess-umh-3-reits-benefiting-from-rising-rents/>3 Reits Benefiting from Rising Rents</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Reits Benefiting from Rising Rents

During the fourth quarter, UMH converted 122 new homes from inventory to revenue generating rental homes. For the year, UMH converted 565 new homes...

UMH Properties reports Q4 home sales revenue of $8.4M vs $7.7M last year

In a report released today, Gaurav Mehta from Alliance Global Partners reiterated a Buy rating on Umh (UMH – Research Report), with a price target ...

Alliance Global Partners Remains a Buy on Umh (UMH)

UMH Properties declares $0.215 dividend

Umh ( ($UMH) ) has shared an announcement. UMH Properties, Inc. announced the declaration of quarterly dividends for both its common and preferred ...

Comments

UMH Properties

UMH Properties (UMH) Forecast

UMH Properties (NYSE:UMH) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga