UMH Properties, Inc. | REIT Profile
Symbol: UMH
CIK: 752642
Exchange: NYSE
Preferred Stock: UMH-C, UMH-D
Founded: 1968 (55 years)
HQ: Freehold Township, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Residential
Internally Managed REIT
See UMH on Yahoo Finance
See UMH on SEC.gov
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UMH Properties, Inc. is a public equity REIT (real estate investment trust) headquartered in Freehold, NJ. The Company owns and operates a portfolio of 135 manufactured home communities with approximately 25,700 developed homesites. These communities are located in eleven states: 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. In addition, UMH owns approximately 2,000 acres of land for the development of new sites. 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). Manufactured home communities provide recession resistant qualities, reliable income streams and the potential for long-term value appreciation. 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. In 2018, UMH won MHI’s Operator of the Year Award. 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 a wholly owned taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F) which sells manufactured homes into UMH communities. If you are looking to purchase a new home in one of our beautiful communities, whether you would like to reside in a relaxing country setting or closer to an urban lifestyle, please visit the UMH Sales and Finance site at www.umh.com. UMH Sales and Finance, Inc. is licensed by the Pennsylvania Department of Banking, NMLS 200331.
Stock Chart
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| Latest Price | High | Low | Open | Close | Previous Close | Volume | Change $ | Change % | Market Cap | PE Ratio | 52W High | 52W Low | Ytd Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $14.31 | $14.52 | $14.29 | $14.44 | $14.34 | $14.34 | 73,735 | -$0.04 | -0.24% | $853,168,625 | -21.45 | $24.39 | $13.73 | -10.17% |
Last update: 2023-03-27 07:56:36 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Hightlights of Trading Day March 24, 2023
Closing Price: $14.34
Price Change: 0.28 (1.991%)
Lowest Price: $13.93
Highest Price: $14.37
52-Week Low: $13.73
52-Week Change: -37.78%
5 Day Price Change: -1.68%
1 Month Price Change: -18.73%
3 Month Price Change: -12.33%
6 Month Price Change: -16.69%
1 Year Price Change: -37.32%
2 Year Price Change: -19.51%
5 Year Price Change: 38.09%
Dividend of Trading Day March 24, 2023
Annualized Dividend: $0.82*
Dividend Yield (TTM): 5.632%
Annualized Dividend (TTM): $0.7919
Ex-Dividend Date: 2023-02-14
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest News Headlines
- UMH Properties, Inc. - UMH PROPERTIES, INC. PUBLISHES ITS 2022 ANNUAL REPORT - Thu, 16 Mar 2023 14:49:43 UTC
- UMH Properties, Inc. - UMH PROPERTIES, INC. ENTERS INTO NEW REVOLVING CREDIT AGREEMENT - Mon, 13 Mar 2023 20:15:27 UTC
- UMH Properties, Inc. - UMH PROPERTIES, INC. COMPLETES ACQUISITION OF MONTICELLO LAND - Fri, 10 Mar 2023 21:15:26 UTC
- UMH Properties, Inc. - UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2022 - Tue, 28 Feb 2023 21:31:03 UTC
- UMH Properties, Inc. - UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF STEPHANIE MCQUAY TO DIRECTOR OF DIVERSITY, EQUITY AND INCLUSION - Fri, 03 Feb 2023 21:36:34 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for UMH.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2022 | Q4 | Normalized FFO | $--- | $--- | ---% |
| 2022 | Q4 | FFO Core | $--- | $--- | ---% |
| 2022 | Q3 | FFO Core | $--- | $--- | ---% |
| 2022 | Q3 | Normalized FFO | $--- | $--- | ---% |
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. 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 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.
Key Stats of Trading Day March 24, 2023
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Latest REIT Community Comments on #UMH
- One more for #UMH. - RoTtom - 2021-01-24 18:10:27 - See full comment
- #UMH increased the dividend by 6% for the companies quarterly common stock dividend, raising it from $0.18 per share to $0.19 per share. The dividend is payable March 15, 2021, to shareholders of record at the close of business on February 16, 2021. This represents an annual dividend rate of $0.76 per share. - Kyuie - 2021-01-13 14:11:48 - See full comment
- I am sad to say this is the first time I hear of #UMH. I feel like I have been missing out on an opportunity! This REIT has been growing fast in the last couple of weeks. I wonder if it’s a result of many people moving out if the city as a result of covid. - wolfman82 - 2020-12-17 21:52:16 - See full comment
Properties Owned by UMH
Sample of REIT’s Properties. Image Source - REIT’s website
Properties Based on Earnings Report's 10-K
Occupancy Rate
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $14.60 per share you would have been able to buy 68 shares of UMH on 2022-03-27 costing $992.80 | @ $14.60 per share you would have been able to buy 34 shares of UMH on 2022-03-27 costing $496.40 | @ $14.60 per share you would have been able to buy 17 shares of UMH on 2022-03-27 costing $248.20 | @ $14.60 per share you would have been able to buy 6 shares of UMH on 2022-03-27 costing $87.60 | @ $14.60 per share you would have been able to buy 3 shares of UMH on 2022-03-27 costing $43.80 |
| Current worth | On 2023-03-24 these 68 shares would be worth $975.12 @ $14.34 | On 2023-03-24 these 34 shares would be worth $487.56 @ $14.34 | On 2023-03-24 these 17 shares would be worth $243.78 @ $14.34 | On 2023-03-24 these 6 shares would be worth $86.04 @ $14.34 | On 2023-03-24 these 3 shares would be worth $43.02 @ $14.34 |
| Dividends earned | $54.74 in dividends would have been earned since 2022-03-27 with 68 shares. | $27 in dividends would have been earned since 2022-03-27 with 34 shares. | $13.69 in dividends would have been earned since 2022-03-27 with 17 shares. | $4.83 in dividends would have been earned since 2022-03-27 with 6 shares. | $2.42 in dividends would have been earned since 2022-03-27 with 34 shares. |
| Net (gain / loss)* | 37.06 USD | 18.53 USD | 9.26 USD | 3.27 USD | 1.64 USD |
| ROI** | 3.73% | 3.73% | 3.73% | 3.73% | 3.73% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| --- | --- | --- | --- | --- | --- | --- |
Earnings Press Releases
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 7 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 3.8 |
| 10 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 7.1 |
| 5 | Dividend to Normalized FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios during the last four quarters. | 8.8 |
| 0 | Dividend to Normalized FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios trend during the last two years. | 7.5 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 6 | Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. | 9.0 |
| 6 | Normalized FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.7 |
| 6 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 7.0 |
| 7 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 7.3 |
| Rating | Leverage Section | Avg. Rating |
| 7 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 6.7 |
| 6 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 7.7 |
| 9 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 7.7 |
| 7 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 7.8 |
| 7 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 4.9 |
| 9 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 7.1 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 6 | G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. | 7.4 |
| 6 | G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. | 8.2 |
| 7 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 7.9 |
| 10 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.3 |
| Rating | Properties Section | Avg. Rating |
| 7 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.8 |
| 9 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 8.8 |
| 8 | Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. | 8.1 |
| Rating | Market Cap Section | Avg. Rating |
| 3 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 4.5 |
| 6.6 | Overall REITRating™ Score (See trend) | 6.2 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
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Last updated: 2023-03-27 - v3.8