UMH Properties

UMH · NYSE

$15.38+$0.28 (+1.85%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $15.10

UMH analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $18.58 (+20.8% upside)

Low: $16.16
Now: $15.38
High: $21.52

Upgrades and downgrades

The latest rating actions, newest first

UMH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Colliers Securities	Dec 4, 2025	Upgrade	Neutral → Buy	$16.00 → $17.00	71%
B. Riley Securities	Nov 24, 2025	Maintains	Buy	$19.00 → $18.50	48%

The case for and against

Updated Jan 29, 2025

Bull case

UMH Properties Inc. has demonstrated a positive outlook for future growth, having successfully moved 565 new rental homes from inventory to revenue-generating status in 2024, leading to a 4% increase in gross home sales revenue to $32.6 million. The company's strategy of focusing on rental homes has proven effective, contributing to low double-digit growth in same-store net operating income (NOI) while allowing for potential conversions of home rental income into interest income through its financing subsidiary. Additionally, with an active inventory capable of supporting expansion and ongoing plans for acquisitions to utilize vacant lots, UMH is positioned for sustainable long-term growth.

Bear case

UMH Properties Inc. operates in an environment characterized by substantial challenges in mortgage debt and financing, particularly as past downturns have demonstrated a tendency for private market liquidity to contract significantly. The company's target demographic, earning between $40,000 and $80,000, faces increasing difficulties in qualifying for loans due to regulatory constraints imposed by Dodd-Frank, which could adversely impact occupancy rates and revenue generation. Additionally, the hesitancy of government-sponsored enterprises (GSEs) to fully support the manufactured housing sector in their lending practices further exacerbates the financial uncertainty surrounding UMH Properties, potentially limiting access to necessary financing for both the company and its customers.

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