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Investing.com - Cantor Fitzgerald initiated coverage of UMH Properties (NYSE:UMH) with a Neutral rating and a $15.00 price target, representing approximately 1.9% upside from current levels. The $1.26 billion market cap REIT currently offers a notable 6.06% dividend yield, having maintained dividend payments for 36 consecutive years.
The firm’s analysis is based on a 2026 estimated AFFO multiple of 14.3x, which compares to a 20.4x average for property sector peers, suggesting the stock is fairly valued at current trading levels. According to InvestingPro data, UMH trades at a P/E ratio of 116x, with revenue growing at 8.49% over the last twelve months.
Cantor Fitzgerald highlighted UMH’s impressive same-store growth performance, noting predictable escalators on lots and homes in the 5% range that contribute to steady revenue increases.
The firm identified UMH as among the smaller-cap REITs to watch in 2026, suggesting that increased trading liquidity through continued growth would benefit the company.
Regarding macroeconomic concerns, Cantor Fitzgerald noted that despite recent tariffs affecting the supply chain for new homes, UMH has not yet experienced significant interruptions, with new homes costing about 5% more to purchase, which the company considers manageable at present.
In other recent news, UMH Properties reported its Q2 2025 financial results, showing a mixed performance. The company posted an earnings per share (EPS) of $0.03, which fell short of the forecasted $0.038, representing a 21.05% negative surprise. However, revenue came in stronger than expected at $66.6 million, surpassing the forecast of $63.42 million by 5.08%. In addition to the financial results, UMH Properties announced the appointment of Todd J. Clark to its Board of Directors. Clark, who is the dean of Widener University Delaware Law School, has been appointed as a Class I Director for a term expiring in 2028. His expertise includes authorship of numerous articles on employment discrimination and corporate justice. These developments reflect the company’s ongoing adjustments and leadership changes amidst its financial performance.
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