At the time of writing, UMH Properties Inc [UMH] stock is trading at $16.19, up 0.31%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The UMH shares have gain 13.53% over the last week, with a monthly amount glided 8.66%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2023. In a post published today on Yahoo Finance, UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income of $220.9 million for the year ended December 31, 2023 as compared to $195.8 million for the year ended December 31, 2022, representing an increase of 13%. Total Income for the quarter ended December 31, 2023 was $57.0 million as compared to $48.7 million for the quarter ended December 31, 2022, representing an increase of 17%. Net Loss Attributable to Common Shareholders amounted to $8.7 million or $0.15 per diluted share for the year ended December 31, 2023 as compared to $36.3 million or $0.67 per diluted share for the year ended December 31, 2022. Net Income Attributable to Common Shareholders amounted to $6.8 million or $0.10 per diluted share for the quarter ended December 31, 2023 as compared to $283,000 or $0.005 per diluted share for the quarter ended December 31, 2022.
From an analyst’s perspective:
UMH Properties Inc [NYSE: UMH] stock has seen the most recent analyst activity on July 12, 2023, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Wolfe Research started tracking the stock with Outperform rating on October 13, 2022, and set its price target to $19. On January 19, 2022, Colliers Securities initiated with a Neutral rating and assigned a price target of $26 on the stock. Wedbush started tracking the stock assigning a Outperform rating and suggested a price target of $27.50 on August 27, 2021. Aegis Capital initiated its recommendation with a Buy and recommended $25 as its price target on March 29, 2021. Berenberg started tracking with a Buy rating for this stock on October 01, 2020, and assigned it a price target of $19. In a note dated September 21, 2020, DA Davidson upgraded an Buy rating on this stock but restated the target price of $17.
For the past year, the stock price of UMH Properties Inc fluctuated between $13.26 and $16.85. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. UMH Properties Inc [NYSE: UMH] shares were valued at $16.19 at the most recent close of the market. An investor can expect a potential return of 17.36% based on the average UMH price forecast.
Analyzing the UMH fundamentals
According to UMH Properties Inc [NYSE:UMH], the company’s sales were 220.93M for trailing twelve months, which represents an 16.90% jump. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.98.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.04 points at the first support level, and at 15.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.35, and for the 2nd resistance point, it is at 16.50.
UMH Properties Inc [UMH] reported earnings per share of $0.1 for its fiscal quarter that ended on 12/30/2023. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.09 per share as compared to estimates of -$0.01 per share, a difference of -$0.08 representing a surprise of -800.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.08, the price to book ratio is 2.65.
Transactions by insiders
Recent insider trading involved QUIGLEY KENNETH K JR, Director, that happened on Feb 15 when 73.0 shares were purchased. Director, QUIGLEY KENNETH K JR completed a deal on Jan 16 to buy 67.0 shares. Meanwhile, Director Carus Jeffrey A bought 67.0 shares on Jan 16.
