UMH Properties (UMH) Declares $0.225 Quarterly Dividend with 5.57% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Quarterly Dividend Announcement: UMH Properties declared a quarterly dividend of $0.225 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flow, which is expected to bolster investor confidence.
- Yield Performance: The forward yield of 5.57% from this dividend is attractive in the current market environment, likely drawing interest from income-seeking investors and enhancing shareholder returns.
- Rental Growth Potential: UMH anticipates an $11 million revenue growth potential through a 5% annual rent increase, indicating the company's capacity for expansion and profitability in a high-demand market.
- Leasing Market Dynamics: UMH reported increases in January same-property rental and related income due to occupancy gains, reflecting the company's competitiveness and solid growth foundation in the leasing market.
Analyst Views on UMH
Wall Street analysts forecast UMH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UMH is 19.10 USD with a low forecast of 16.00 USD and a high forecast of 23.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 16.320
Low
16.00
Averages
19.10
High
23.50
Current: 16.320
Low
16.00
Averages
19.10
High
23.50
About UMH
UMH Properties, Inc. is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities. It 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. The Company owns and operates 145 manufactured home communities, containing approximately 27,000 developed homesites, of which 10,800 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 145 communities are two communities in Florida, containing 363 sites, and one community in Pennsylvania, containing 113 sites, that the Company has an ownership interest in and operates through its joint venture with Nuveen Real Estate.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
