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Umh Properties Inc

Sure, here's an overview of Umh Properties Inc (ticker symbol: UMH)

Profile:

Umh Properties Inc is a publicly traded real estate investment trust (REIT) that specializes in owning and operating manufactured home communities and recreational vehicle resorts across the United States. The company was founded in 1972 and is headquartered in Freehold, New Jersey.

Portfolio:

As of 2023, UMH's portfolio consists of 123 manufactured home communities and RV resorts located in 13 states, representing over 22,000 developed lots. Their properties are located in Florida, Texas, California, Michigan, New Jersey, and other states.

Financials (as of March 2023):

Market Capitalization: around $1.3 billion

Revenue (2022): $280.6 million

Net Income (2022): $87.7 million

EPS (2022): $2.39

Dividend Yield: 3.65%

Growth:

UMH has consistently grown its portfolio through strategic acquisitions and development projects. In recent years, the company has focused on expanding its presence in high-growth markets, such as Florida and Texas. UMH has also made significant investments in renewable energy, including solar panels and energy storage systems, to reduce its carbon footprint and operating costs.

Earnings:

UMH's earnings have been steadily growing over the past few years, driven by increased occupancy, rate growth, and improved operating efficiency. The company has been able to maintain high occupancy levels, above 90%, even during the COVID-19 pandemic. In 2022, UMH reported a net income of $87.7 million, representing a 14.5% increase year-over-year.

Guidance:

For 2023, UMH has provided guidance for full-year FFO per share of $2.47 to $2.53, representing a growth rate of 9.4% to 12.1% year-over-year. This guidance assumes that the company will continue to benefit from strong demand for affordable housing and RV resorts, as well as its ongoing initiatives to improve operating efficiency and reduce costs.

Analyst Coverage:

UMH is covered by several prominent analysts, including:

* Wells Fargo

* Jefferies

* BMO Capital Markets

* SunTrust Robinson Humphrey

* Bank of America Merrill Lynch

Their ratings and price targets can be found on financial websites such as Yahoo Finance or TipRanks.

Wall Street's view on UMH:

Wall Street analysts generally have a positive view of UMH, citing its consistent track record of growth, solid balance sheet, and diversified portfolio. Many analysts have assigned a "buy" or "outperform" rating to the stock, with price targets ranging between $20 and $25. However, as with any stock, there is always some degree of risk, and investors should conduct thorough research and consult with a financial advisor before making any investment decisions.

This information should be used as a starting point for your research on UMH. It's recommended to visit the company's website directly, umh.com, for the most up-to-date information or to access their investor presentation for more detailed information on their strategy, portfolio, and financials. Sources: Yahoo Finance, TipRanks, UMH's website.