| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 38.8% per year for the next 3 years
+ 2 more risks
UMH Properties Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$23.99 |
| 52 Week High | US$13.05 |
| 52 Week Low | US$25.70 |
| Beta | 1.12 |
| 1 Month Change | 3.76% |
| 3 Month Change | 12.31% |
| 1 Year Change | 64.54% |
| 3 Year Change | 53.78% |
| 5 Year Change | 99.92% |
| Change since IPO | 585.43% |
Recent News & Updates
Shareholder Returns
| UMH | US REITs | US Market | |
|---|---|---|---|
| 7D | -4.0% | -0.7% | -0.6% |
| 1Y | 64.5% | 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
| UMH volatility | |
|---|---|
| UMH Beta | 1.12 |
| Industry Beta | 0.82 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1968 | 440 | Sam Landy | https://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
| UMH fundamental statistics | |
|---|---|
| Market Cap | US$1.14b |
| Earnings (TTM) | US$18.09m |
| Revenue (TTM) | US$178.04m |
62.9x
P/E Ratio6.4x
P/S RatioIs UMH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| UMH income statement (TTM) | |
|---|---|
| Revenue | US$178.04m |
| Cost of Revenue | US$85.30m |
| Gross Profit | US$92.75m |
| Expenses | US$74.66m |
| Earnings | US$18.09m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.42 |
| Gross Margin | 52.09% |
| Net Profit Margin | 10.16% |
| Debt/Equity Ratio | 81.2% |
How did UMH perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield188%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/16 22:50 |
| End of Day Share Price | 2021/09/16 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.