Umh (UMH) AI Stock Analysis

• Market Cap: $1.43B
• Dividend Yield: 5.37%
• Average Volume (3M): 376.98K
• Price to Earnings (P/E): 150.7
• Beta (1Y): 0.53
• Revenue Growth: 8.01%
• EPS Growth: N/A
• Country: US
• Employees: 513
• Sector: Real Estate
• Sector Strength: 69
• Industry: REIT - Residential
• EPS (TTM): 0.00
• Shares Outstanding: 84,075,330
• 10 Day Avg. Volume: 346,490
• 30 Day Avg. Volume: 376,975
• PEG Ratio: 0.15
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.83
• Enterprise Value/Market Cap: 1.12
• Enterprise Value/Revenue: 1.69
• Enterprise Value/Gross Profit: 11.99
• Enterprise Value/Ebitda: 3.64
• 1Y Price Target: $20.70
• Price Target Upside: 23.43% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 71 Outperform
• Price Target: $18.50 ▲(10.32%Upside)

UMH's solid financial performance and strategic corporate events are significant positives, balanced by technical indicators suggesting a bearish trend and valuation concerns due to a high P/E ratio. The balanced sentiment from the earnings call supports a moderate overall outlook.

Positive Factors

Acquisition Strategy

UMH's value-add acquisition strategy allows the company to purchase communities at reasonable prices, improve them, and increase occupancy and pricing, leading to impressive NOI growth.

Dividend Growth

The Board of Directors approved an increase of the quarterly dividend to $0.225, marking the 5th consecutive year the company has increased the dividend, representing a total increase of 25%.

Sector Resilience

The manufactured housing sector continues to benefit from elevated multiples due to the defensive characteristics of its cash flows and its resilience against broader economic challenges.

Negative Factors

FFO Estimate

The company lowered its 2025 core FFO estimate to $0.98, from $1.06, reflecting some caution.

Sector Risk

If there is a risk for the sector, it is the valuation gap could narrow in the event of a cycle reversal.

Umh Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

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Umh Financial Statement Overview

Summary

Umh shows solid revenue growth, a healthy gross profit margin, and improved net profit margin. However, increased leverage and a declining EBIT margin are concerns despite strong cash flow.

Income Statement

Umh has demonstrated solid revenue growth over recent periods, with a TTM revenue of $244.1M showing a positive trend. The gross profit margin is healthy at 54.9%, indicating good control over production costs. The net profit margin stands at 11.5% for TTM, which is a significant improvement from previous years, reflecting effective cost management and operational efficiency. However, the decline in EBIT margin compared to historical performance indicates some pressure on operating profitability.

Balance Sheet

The company's debt-to-equity ratio of 0.66 indicates a balanced capital structure, though leverage has increased slightly over time. Return on equity is improving, currently at 3.1%, showcasing enhanced profitability relative to shareholders' equity. The equity ratio of 59% suggests a strong equity base providing stability. However, the increase in debt levels requires close monitoring to ensure long-term sustainability.

Cash Flow

Operating cash flow is robust at $75.3M in TTM, covering free cash flow needs and indicating strong cash generation capability. The free cash flow to net income ratio is high, signaling effective cash management. The operating cash flow to net income ratio of 2.68 highlights efficient conversion of profits into cash. However, fluctuations in free cash flow growth need attention for future planning.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
244.10M	240.55M	220.93M	195.78M	186.10M	163.61M
	Gross Profit
134.13M	131.30M	118.49M	102.55M	97.96M	86.02M
	EBIT
42.76M	42.46M	92.36M	34.18M	37.92M	31.95M
	EBITDA
115.78M	108.97M	96.05M	82.95M	83.05M	73.66M
	Net Income Common Stockholders
28.08M	21.64M	8.01M	-31.41M	31.30M	-13.95M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
65.53M	131.60M	91.83M	71.96M	229.92M	118.51M
	Total Assets
1.55B	1.56B	1.43B	1.34B	1.27B	1.09B
	Total Debt
606.30M	614.72M	690.02M	761.68M	499.32M	556.29M
	Net Debt
571.10M	515.00M	632.70M	731.89M	383.15M	540.95M
	Total Liabilities
635.11M	647.82M	720.78M	793.40M	528.68M	585.41M
	Stockholders Equity
912.36M	914.03M	704.72M	548.96M	742.14M	501.81M
Cash Flow		Free Cash Flow
75.33M	81.60M	120.08M	-89.09M	65.16M	66.38M
	Operating Cash Flow
75.33M	81.60M	120.08M	-7.98M	65.16M	69.04M
	Investing Cash Flow
-170.85M	-139.87M	-165.57M	-124.12M	-94.36M	-103.77M
	Financing Cash Flow
92.79M	102.64M	69.06M	47.95M	125.63M	44.33M

Umh Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 16.77
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UMH, the sentiment is Negative. The current price of 16.77 is below the 20-day moving average (MA) of 16.83, below the 50-day MA of 16.98, and below the 200-day MA of 17.98, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.61 is Neutral, neither overbought nor oversold. The STOCH value of 55.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UMH.

Umh Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UMH	71 Outperform	$1.43B	150.67	3.45%	5.37%	8.01%	―
CSR	67 Neutral	$1.12B	―	-1.55%	4.85%	-1.81%	-33.33%
Sector *	61 Neutral	$2.83B	10.72	0.40%	6.10%	5.80%	-21.26%
BRT	57 Neutral	$296.21M	―	-4.28%	6.38%	2.39%	-407.57%
NXRT	54 Neutral	$882.72M	866.19	-7.19%	6.01%	-7.44%	-143.64%
VRE	48 Neutral	$1.39B	―	-2.76%	2.14%	-3.20%	76.43%
AIV	48 Neutral	$1.20B	―	-48.27%	―	9.28%	34.42%

Umh Corporate Events

UMH Properties Holds Annual Shareholder Meeting

On May 28, 2025, UMH Properties, Inc. held its annual shareholder meeting where 91.97% of the entitled shares were represented. Key outcomes included the election of three Class I directors, the ratification of PKF O’Connor Davies, LLP as the independent accounting firm for 2025, approval of executive compensation for 2024, and an amendment to the 2023 Equity Incentive Award Plan. These decisions reflect the company’s ongoing governance and strategic planning efforts.

The most recent analyst rating on (UMH) stock is a Buy with a $20.50 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

UMH Expands Fannie Mae Credit Facility

On May 15, 2025, UMH Properties, Inc. expanded its Fannie Mae credit facility by adding ten communities comprising 2,001 sites, securing approximately $101.4 million through Wells Fargo Bank. This refinancing, with a fixed interest rate of 5.855% over a 10-year term, aims to fund further acquisitions, expansions, and debt repayment. The appraisal valued these communities at $163.5 million, significantly higher than the company’s investment of $66.6 million, highlighting a 146% increase in value. This strategic move underscores UMH’s ability to enhance property value through acquisitions and improvements, supporting its mission to provide affordable housing and generate long-term shareholder returns.

The most recent analyst rating on (UMH) stock is a Buy with a $20.50 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

UMH Properties Reports First-Quarter 2025 Results

On May 1, 2025, UMH Properties, Inc. announced its first-quarter results for March 31, 2025, along with a supplemental information package for its earnings conference call. The announcement highlighted various risks and uncertainties impacting the company’s operations, such as changes in real estate market conditions, competition, and economic factors, which could affect its ability to maintain rental rates, acquire properties, and manage debt obligations.

Umh Updates Investors on Q1 2025 Results

On April 2, 2025, Umh provided investors with an update on its first quarter 2025 operating results. The company clarified that the information shared is not considered ‘filed’ for any legal purposes under the Securities Exchange Act of 1934 or the Securities Act of 1933, unless specifically incorporated by reference into any such filing.

UMH Properties Increases Quarterly Dividend by 4.7%

On April 1, 2025, UMH Properties, Inc. announced a 4.7% increase in its quarterly common stock dividend, raising it to $0.225 per share, payable on June 16, 2025. This marks the fifth consecutive annual increase, reflecting the company’s robust revenue growth and strategic positioning for future expansions and acquisitions, supported by a strong balance sheet.