Umh (UMH) AI Stock Analysis

• Market Cap: $1.34B
• Dividend Yield: 5.63%
• Average Volume (3M): 405.72K
• Price to Earnings (P/E): 118.2
• Beta (1Y): 0.52
• Revenue Growth: 8.39%
• EPS Growth: N/A
• Country: US
• Employees: 513
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Residential
• EPS (TTM): 0.03
• Shares Outstanding: 84,928,980
• 10 Day Avg. Volume: 539,745
• 30 Day Avg. Volume: 405,720
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.73
• Enterprise Value/Revenue: 9.30
• Enterprise Value/Gross Profit: 16.96
• Enterprise Value/Ebitda: 19.59
• 1Y Price Target: $20.75
• Price Target Upside: 32.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 63 Neutral
• Price Target: $17.50 ▲(11.68% Upside)

UMH's strong financial performance and positive earnings call are offset by weak technical indicators and high valuation concerns. The company's ability to manage debt and leverage growth opportunities will be crucial for future performance.

Positive Factors

Acquisition Strategy

The company's acquisition strategy focuses on communities with low occupancy, allowing purchases at reasonable prices and subsequent improvements to increase occupancy and pricing.

Dividend and Stock Returns

UMH's current dividend yield is 5.4%, with expectations of significant stock price appreciation, resulting in a projected total return of about 29%.

Financial Performance

UMH's same-property NOI growth for 2Q25 was an impressive 10%, surpassing peers and contributing to management's confidence in their 2025 guidance.

Negative Factors

Financial Guidance

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

UMH generates revenue primarily through the leasing of land in its manufactured home communities. The company collects monthly lot rents from residents, which constitutes the bulk of its income. Additionally, UMH earns revenue from the sale of manufactured homes, which are often sold to residents of its communities. The company sometimes offers financing options for home purchases, further supplementing its income. Key revenue streams include rental income from land leases, home sales, and associated service fees. Significant partnerships with home manufacturers enable UMH to offer a variety of home models, enhancing its appeal to potential residents and contributing to its overall profitability.

Umh Financial Statement Overview

Summary

UMH demonstrates strong financial health with consistent revenue and profit growth, improved leverage, and solid cash flow generation. However, the company must continue to manage its debt levels and reinvestment strategies to sustain long-term growth.

Income Statement

UMH has demonstrated consistent revenue growth, with a notable increase from $195.8M in 2022 to $244.1M in TTM 2025. The gross profit margin remains strong at approximately 55%, and the net profit margin has improved significantly, turning positive in recent years. However, EBIT margin has shown some volatility, indicating potential fluctuations in operating efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved, reflecting better leverage management, with total debt decreasing relative to equity. The equity ratio is solid, indicating a stable financial structure. However, the company still carries a significant amount of debt, which poses a risk if not managed carefully.

Cash Flow

UMH has shown strong free cash flow generation, with positive growth in operating cash flow. The operating cash flow to net income ratio is robust, indicating efficient cash conversion. However, investing cash flow remains negative, suggesting substantial reinvestment in growth initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	250.41M	240.55M	220.93M	195.78M	186.10M	163.61M
Gross Profit	137.33M	131.30M	118.49M	102.55M	97.96M	86.02M
EBITDA	118.94M	108.97M	96.05M	82.95M	83.05M	73.66M
Net Income	30.51M	21.64M	8.01M	-31.41M	31.30M	-13.95M
Balance Sheet
Total Assets	0.00	1.56B	1.43B	1.34B	1.27B	1.09B
Cash, Cash Equivalents and Short-Term Investments	0.00	131.60M	91.83M	71.96M	229.92M	118.51M
Total Debt	0.00	614.72M	690.02M	761.68M	499.32M	556.29M
Total Liabilities	690.26M	647.82M	720.78M	793.40M	528.68M	585.41M
Stockholders Equity	931.98M	914.03M	704.72M	548.96M	742.14M	501.81M
Cash Flow
Free Cash Flow	81.19M	81.60M	120.08M	-89.09M	65.16M	66.38M
Operating Cash Flow	81.19M	81.60M	120.08M	-7.98M	65.16M	69.04M
Investing Cash Flow	-181.75M	-139.87M	-165.57M	-124.12M	-94.36M	-103.77M
Financing Cash Flow	137.16M	102.64M	69.06M	47.95M	125.63M	44.33M

Umh Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.67
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 15.67 is below the 20-day moving average (MA) of 16.08, below the 50-day MA of 16.46, and below the 200-day MA of 17.28, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 37.79 is Neutral, neither overbought nor oversold. The STOCH value of 12.72 is Positive, 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	63 Neutral	$1.34B	118.24	3.64%	5.63%	8.39%	―
Sector *	62 Neutral	$6.93B	13.52	-0.57%	7.16%	3.62%	-22.63%
CSR	57 Neutral	$1.00B	―	-3.35%	5.38%	-0.63%	-123.59%
NXRT	56 Neutral	$819.54M	866.19	-11.85%	6.20%	-6.02%	-156.44%
VRE	55 Neutral	$1.35B	―	-1.91%	2.15%	0.26%	77.82%
AIV	50 Neutral	$1.10B	―	-38.53%	7.83%	7.07%	69.54%
BRT	48 Neutral	$287.89M	―	-4.52%	6.50%	2.16%	11.18%

Umh Corporate Events

UMH Properties Reports Strong Q2 2025 Financial Results

On August 6, 2025, UMH Properties, Inc. announced its financial results for the second quarter ending June 30, 2025. The company reported a 10% increase in total income to $66.6 million compared to the same period in 2024. Net income attributable to common shareholders rose to $2.5 million, while normalized funds from operations increased by 16% to $19.5 million. Key achievements during the quarter included a 9% rise in rental income, a 19% increase in manufactured home sales, and a 4.7% increase in the quarterly common stock dividend. The company also completed significant financing activities, including the addition of ten communities to its Fannie Mae credit facility and the issuance of Series B Bonds in Israel.

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 Sells $80.2M Bonds in Israel

On July 22, 2025, UMH Properties, Inc. announced the sale of $80.2 million in 5.85% Series B Bonds due 2030 to investors in Israel. The bonds, unsecured and denominated in Israeli shekels, are intended to fund the company’s working capital and general corporate purposes. The bonds are subject to interest rate adjustments based on compliance with financial covenants and bond ratings. This strategic move aims to bolster UMH’s financial flexibility and market positioning, while the bonds are listed on the Tel Aviv Stock Exchange and governed by Israeli law.

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 Portfolio with Maryland Acquisition

On July 2, 2025, Umh completed the acquisition of two manufactured home communities in Conowingo, Maryland, for $14.6 million. This acquisition marks a significant expansion in Umh’s portfolio, potentially enhancing its market position and offering new opportunities for growth in the manufactured home industry.

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 Releases Second Quarter 2025 Operating Results

On July 2, 2025, Umh company provided an update on its second quarter 2025 operating results. The report, which includes Exhibits 99, is not considered ‘filed’ for purposes of the Securities Exchange Act of 1934 and will not be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act unless specifically stated.

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 Declares Quarterly Dividends for 2025

On July 1, 2025, UMH Properties, Inc. announced the declaration of quarterly dividends for its common and preferred stock. The common stock dividend is set at $0.225 per share, while the Series D Cumulative Redeemable Preferred Stock dividend is $0.3984375 per share. Both dividends are payable on September 15, 2025, to shareholders recorded by August 15, 2025. This announcement underscores UMH’s commitment to providing consistent returns to its investors, reflecting its stable financial performance and strategic positioning in the manufactured home community sector.

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 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.