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UMH Properties, Inc. (NYSE:UMH) is a publicly traded REIT that owns and operates 135 manufactured housing communities containing approximately 25,800 development homes. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina, and Georgia.
The company’s stock traded at approximately $9.72 per share 10 years ago. If you had invested $10,000, you could have bought approximately 1,029 shares. The stock is currently trading at $18.19, which means the value of your investment could have grown to $18,714 from the stock price appreciation alone. However, UMH Properties also paid dividends during those 10 years.
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UMH Properties’ dividend yield is currently 4.69%. Over the past 10 years, it has paid out about $7.35 in dividends per share, meaning you could have earned $7,557 in dividends alone.
Summing $18,714 and $7,557, we end up with the final value of your investment, which is $26,271. Here’s what you could have earned if you had invested $10,000 in UMH Properties stock 10 years ago. This means a total return of 162.71%. However, this figure is significantly lower than the S&P 500’s total return for the same period, which was 228.96%.
UMH Properties has a consensus rating of “Buy” and a price target of $20.71 based on ratings from eight analysts. The price target implies a potential upside of almost 14% from the current share price.
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On Nov. 6, the company announced Q3 2024 earnings, with FFO of $0.24, in line with expectations, and revenue of $60.671 million, beating the consensus of $58.816 million, according to he reported Gasoline.
“We are also updating our guidance for 2024, which was previously normalized FFO in a range of $0.91-$0.95 per diluted share for the full year or $0.93 at the midpoint. We are adjusting this range to $0.92-$0.94 This represents approximately 8% annual NFFO growth at the midpoint of 2023 NFFO $0.86 per diluted share,” commented Samuel A. Landy, President and CEO of UMH Properties.
