UMH Properties: Elevated P/FFO On A Flimsy Foundation (Rating Downgrade) [Seeking Alpha]
UMH Properties, Inc. (UMH)
Last umh properties, inc. earnings: 3/5 04:30 pm
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US:NYSE Investor Relations:
ir.umh.com
Company Research
Source: Seeking Alpha
Play 11min Summary UMH Properties has shown strong growth and operational improvements, with Q2'24 results showing improving occupancy and FFO growth. Despite solid fundamentals, the recent 30%+ surge in UMH Properties' share price has pushed its valuation to less attractive levels. High leverage and geographic concentration in the shale region pose risks, but low fixed-rate debt and potential energy sector demand offer mitigating factors. Given the elevated forward P/FFO multiple, I am downgrading UMH Properties stock from 'buy' to 'hold', awaiting a better entry point around $17 per share. JamesBrey Introduction In my initial piece on UMH Properties (NYSE: UMH ), a specialized REIT with a focus on residential manufactured housing, I noted that the company had been executing steady rental increases and improving occupancy, with the potential for further FFO growth in the future. With a balance sheet that could support FFO generation in the future, I concluded that
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UMH
News
- UMH Properties, Inc. (NYSE: UMH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- UMH Properties, Inc. (NYSE: UMH) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- UMH Properties Inc (UMH) Q3 2024 Earnings Call Highlights: Strong FFO Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Compared to Estimates, UMH (UMH) Q3 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- UMH PROPERTIES, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2024GlobeNewswire
UMH
Earnings
- 11/6/24 - Miss
UMH
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 4
- 11/13/24 - Form 144
- UMH's page on the SEC website