UMH

UMH PropertiesNYSE:UMH Stock Report

Market Cap

US$1.1b

7D

-4.0%

1Y

64.5%

Updated

16 Sep, 2021

Data

Company Financials +
UMH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends4/6

UMH Overview

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.

UMH Properties Competitors

Price History & Performance

Summary of all time highs, changes and price drops for UMH Properties
Historical stock prices
Current Share PriceUS$23.99
52 Week HighUS$13.05
52 Week LowUS$25.70
Beta1.12
1 Month Change3.76%
3 Month Change12.31%
1 Year Change64.54%
3 Year Change53.78%
5 Year Change99.92%
Change since IPO585.43%

Recent News & Updates

Shareholder Returns

UMHUS REITsUS Market
7D-4.0%-0.7%-0.6%
1Y64.5%30.8%33.7%

Return vs Industry: UMH exceeded the US REITs industry which returned 30.8% over the past year.

Return vs Market: UMH exceeded the US Market which returned 33.7% over the past year.

Price Volatility

Is UMH's price volatile compared to industry and market?
UMH volatility
UMH Beta1.12
Industry Beta0.82
Market Beta1

Stable Share Price: UMH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: UMH's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1968440Sam Landyhttps://www.umh.reit

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.

UMH Properties Fundamentals Summary

How do UMH Properties's earnings and revenue compare to its market cap?
UMH fundamental statistics
Market CapUS$1.14b
Earnings (TTM)US$18.09m
Revenue (TTM)US$178.04m

62.9x

P/E Ratio

6.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UMH income statement (TTM)
RevenueUS$178.04m
Cost of RevenueUS$85.30m
Gross ProfitUS$92.75m
ExpensesUS$74.66m
EarningsUS$18.09m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.42
Gross Margin52.09%
Net Profit Margin10.16%
Debt/Equity Ratio81.2%

How did UMH perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

188%

Payout Ratio

Valuation

Is UMH Properties undervalued compared to its fair value and its price relative to the market?

28.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UMH ($23.99) is trading below our estimate of fair value ($33.35)

Significantly Below Fair Value: UMH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UMH is poor value based on its PE Ratio (62.9x) compared to the US REITs industry average (50.6x).

PE vs Market: UMH is poor value based on its PE Ratio (62.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: UMH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: UMH is overvalued based on its PB Ratio (6x) compared to the US REITs industry average (2x).


Future Growth

How is UMH Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-38.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UMH's earnings are forecast to decline over the next 3 years (-38.8% per year).

Earnings vs Market: UMH's earnings are forecast to decline over the next 3 years (-38.8% per year).

High Growth Earnings: UMH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: UMH's revenue (13.3% per year) is forecast to grow faster than the US market (9.7% per year).

High Growth Revenue: UMH's revenue (13.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if UMH's Return on Equity is forecast to be high in 3 years time


Past Performance

How has UMH Properties performed over the past 5 years?

-10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UMH has a large one-off gain of $30.2M impacting its June 30 2021 financial results.

Growing Profit Margin: UMH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: UMH has become profitable over the past 5 years, growing earnings by -10.5% per year.

Accelerating Growth: UMH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: UMH has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).


Return on Equity

High ROE: UMH's Return on Equity (7.9%) is considered low.


Financial Health

How is UMH Properties's financial position?


Financial Position Analysis

Short Term Liabilities: UMH's short term assets ($179.6M) exceed its short term liabilities ($18.3M).

Long Term Liabilities: UMH's short term assets ($179.6M) do not cover its long term liabilities ($541.1M).


Debt to Equity History and Analysis

Debt Level: UMH's debt to equity ratio (81.2%) is considered high.

Reducing Debt: UMH's debt to equity ratio has reduced from 108% to 81.2% over the past 5 years.

Debt Coverage: UMH's debt is not well covered by operating cash flow (13.5%).

Interest Coverage: UMH's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is UMH Properties's current dividend yield, its reliability and sustainability?

3.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UMH's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: UMH's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: UMH's dividends per share have been stable in the past 10 years.

Growing Dividend: UMH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (187.9%), UMH's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UMH's dividends in 3 years are forecast to be covered by earnings (71.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Sam Landy (61 yo)

26.67yrs

Tenure

US$3,000,284

Compensation

Mr. Samuel A. Landy, also known as Sam, has been Chief Executive Officer and President of UMH Properties Inc. since 1995. Mr. Landy served as the Vice President at UMH Properties from 1991 to 1995. He has...


CEO Compensation Analysis

Compensation vs Market: Sam's total compensation ($USD3.00M) is about average for companies of similar size in the US market ($USD2.33M).

Compensation vs Earnings: Sam's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: UMH's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: UMH's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: UMH insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.7%.


Top Shareholders

Company Information

UMH Properties, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: UMH Properties, Inc.
  • Ticker: UMH
  • Exchange: NYSE
  • Founded: 1968
  • Industry: Residential REITs
  • Sector: Real Estate
  • Market Cap: US$1.138b
  • Shares outstanding: 47.43m
  • Website: https://www.umh.reit

Number of Employees


Location

  • UMH Properties, Inc.
  • Juniper Business Plaza
  • Suite 3-C
  • Freehold
  • New Jersey
  • 7728
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 22:50
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.