UMH (UMH)
Owns manufactured-home communities and rents homesites across the eastern United States.
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Owns and operates manufactured-home communities, earning mainly from homesite leases, rental homes, and manufactured-home sales and finance. The portfolio is concentrated in the eastern United States and includes joint-venture and Opportunity Zone structures.
Owns and operates 145 manufactured-home communities, with homesite leases as the core business. Rental homes, manufactured-home sales and finance through UMH Sales and Finance, self-storage, and property-management fees add related income streams around the resident base.
The portfolio is concentrated in the eastern United States, spanning Mid-Atlantic, Midwest, Southeast, and nearby markets. Growth has come from community acquisitions, expansion of existing properties, rental-home additions, and selective development through Nuveen joint ventures and an Opportunity Zone fund.
Execution depends on occupancy, rent increases, financing availability, and acquisition pricing. Rent control in New York and New Jersey limits rent increases in parts of the portfolio.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Industrial Alliance Securities | Target | Target: — | Target: $18 |
| Jul 9, 2026 | Odeon Capital Group LLC | Target | Target: — | Target: $17.50 |
| Jan 5, 2026 | Cantor Fitzgerald | Target | Target: $15 | Target: $16 |
| Dec 4, 2025 | Colliers Securities | Upgrade | ||
| Dec 3, 2025 | Colliers Securities | Target | Target: — | Target: $17 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $58.3M · Total debt $789.3M · Total assets $1.71B · Shareholders' equity $890.4M
- Revenue
- $71.6M
- Operating income
- $13.5M
- Net income
- $9.6M
HistoryDividendAnnual yield
| Institutions | 77.24% | 65.95M shares | |
|---|---|---|---|
| 265 holders · as of Jun 30, 2026 | |||
| Insiders | 2.27% | 1.94M shares | |
| 17 holders · as of Sep 18, 2026 | |||
| Other | 20.49% | 17.49M shares | |
| remainder | |||
85.39M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.83% | 8.40M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.95% | 4.23M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.31% | 3.68M | as of Jun 30, 2026 |
FMR LLCInstitution | 4.27% | 3.65M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.04% | 3.45M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Kevin S. Miller | officer: EVP, CFO, Treasurer | +67 | $14.88 |
| Sep 15, 2026 | William Edward Mitchell | director | +67 | $14.88 |
| Aug 19, 2026 | Jeffrey A. Carus | director | +500 | $16.46 |
| Aug 17, 2026 | William Edward Mitchell | director | +64 | $15.63 |
| Aug 17, 2026 | Kevin S. Miller | officer: EVP, CFO, Treasurer | +64 | $15.63 |
- Equity LifeStyle Properties
Direct land-lease peer across manufactured-home communities
- Sun Communities
Large MH and RV community REIT with overlapping acquisition targets
- American Homes 4 Rent
Single-family rental REIT competing for affordable rental households
- Invitation Homes
Single-family leasing platform competing for rental demand
- Mid-America Apartment Communities
Sun Belt apartment REIT competing as an alternative rental option
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| UMH | $15.92 | +0.95% | $1.34B | 87.6 | 114.4 | 4.9 | +7.5% |
| Equity LifeStyle Properties | $60.56 | +0.20% | $11.73B | 30.8 | 28.6 | 7.4 | +5.6% |
| Sun Communities | $114.74 | +0.88% | $14.02B | — | 37.4 | 6.4 | −22.3% |
| American Homes 4 Rent | $31.39 | +0.48% | $11.22B | 24.8 | 41.0 | 6.0 | +2.8% |
| Invitation Homes | $27.20 | +0.42% | $16.09B | 24.8 | 36.4 | 5.6 | +9.7% |
| Mid-America Apartment Communities | $119.77 | +0.77% | $13.83B | 34.8 | 38.2 | 6.2 | +1.0% |
| Median | 27.8 | 37.4 | 6.2 | +2.8% |