UMH UMH Properties Inc Stock Price & News

Data may be intentionally delayed pursuant to supplier requirements. Benzinga examines why a stock is moving by analyzing company releases, government filings, media reports, and communication with key stakeholders. During the most recent quarter, 6K shares were bought, and 4K shares were sold in insider trading. The maximum drawdown since January 2010 for the UMH Properties, Inc. is 62.44%, recorded on Dec 23, 2008. The Sharpe ratio shows whether the portfolio’s excess returns are due to smart investment decisions or a result of taking a higher risk.

GAAP earnings are the official numbers reported by a company, and non-GAAP earnings are adjusted to be more readable in earnings history and forecasts. The information contained herein does not constitute investment advice Best settings for stochastic oscillator and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF LAND IN OHIO

The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home spaces on an annual or month-to-month basis to residents. The Company owns around 134 manufactured home communities consisting of approximately 25,600 developed homesites. The communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama and South Carolina.

Certain statements included in this press release which are not historical facts may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are based on the Company’s current expectations and involve various risks and uncertainties. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can provide no assurance those expectations will be achieved. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. Any such forward-looking statements are based on the Company’s current expectations and involve various risks and uncertainties. UMH Properties, Inc. (UMH) is a real estate investment trust (REIT).

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These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 134 manufactured home communities with approximately 25,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama and South Carolina. UMH also owns and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate. REITNotes uses the REIT’s Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share.

UMH Properties, Inc. had a return of -3.63% year-to-date (YTD) and -11.42% in the last 12 months. Over the past 10 years, UMH Properties, Inc. had an annualized return of 10.45%, which was very close to the S&P 500 benchmark’s annualized return of 10.57%. The chart shows the growth of an initial investment of $10,000 in UMH Properties, Inc., comparing it to the performance of the S&P 500 index or another benchmark. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

Balance Sheet Quarterly

In connection with the operation of its communities, UMH also leases homes to prospective tenants. The Company sells and finances the sale of manufactured homes in its communities through S&F. UMH 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 2023 operating results.

This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT’s cash flow from operations. It is recommended to check the REIT’s website, Earning Reports and dividend announcements for the latest and updated information. This year, UMH was named Manufactured Housing Institute’s Community Operator of the Year, and was also awarded the MHI’s Retail Sales Center of the Year for the second year in a row. In 2019, UMH received MHI’s Land-Lease Community of the Year Award for the fourth consecutive time, and was also honored by the MHI’s Interior Design Award.

Monthly Dividends

Manufactured home communities provide recession resistant qualities, reliable income streams and the potential for long-term value appreciation. Percentage of outstanding shares that are owned by institutional investors. The current UMH Properties, Inc. volatility is 5.72%, representing the average percentage change in the investments’s value, either up or down over the past month. UMH Properties, Inc. granted a 5.45% dividend yield in the last twelve months. According to 4 analysts, the average rating for UMH stock is “Strong Buy.” The 12-month stock price forecast is $20.0, which is an increase of 34.86% from the latest price. TD Ameritrade displays two types of stock earnings numbers, which are calculated differently and may report different values for the same period.

• UMH also owns and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.
• Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.
• Certain statements included in this press release which are not historical facts may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
• This increase in occupancy, together with rent increases implemented throughout the year, generated an increase in monthly rental charges of approximately $243,000 as of September 1, 2023, compared to August 1, 2023.
• During the most recent quarter, 6K shares were bought, and 4K shares were sold in insider trading.

These awards recognize UMH’s long-term commitment to innovation and advancement of the manufactured housing industry, and our dedication to providing quality affordable housing. UMH has been in business since 1968, operating as a public company since 1985. The Company is listed on the New York Stock Exchange under the symbol UMH and included in the MSCI REIT Index (RMZ).

Residential REITs

For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2.

This increase in occupancy, together with rent increases implemented throughout the year, generated an increase in monthly rental charges of approximately $243,000 as of September 1, 2023, compared to August 1, 2023. For the first two months of the quarter, monthly rental charges increased by $377,000. Year-to-date, monthly rental charges have increased by $1.2 million. At the start of this year, our inventory was over 1,000 homes and has been substantially reduced over the last eight months. Our current inventory is approximately 488 homes, which is still above our normal levels, but is continuing to rapidly decrease as we continue to fill over 100 homes a month. This reduction in inventory has resulted in a decrease in our floor plan loan balance, resulting in a decrease in our floor plan interest expense.

The higher a portfolio’s Sharpe ratio, the better its risk-adjusted performance. By providing your email address below, you are providing consent to UMH Properties, https://investmentsanalysis.info/ Inc. to send you the requested Investor Email Alert updates. Below are the FFO amounts, dividends, and payout ratios for the last two quarters for UMH.

This increase in occupancy, together with rent increases implemented throughout the year, generated an increase in monthly rental charges of approximately $243,000 as of September 1, 2023, compared to August 1, 2023. Demand throughout our portfolio remains strong as evidenced by our monthly rent roll and occupancy growth. For the first two months of the third quarter, approximately 234 rental homes in inventory were occupied, making them income producing, and 25 new homes were sold, creating additional site rent. This resulted in an increase in overall occupancy of approximately 167 units. Year-to-date, approximately 845 rental homes in inventory were rented, making them income producing, and 108 new homes were sold. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,700 developed homesites.