Berenberg Bank analyst Keegan Carl maintained a Buy rating on Umh Properties on Thursday, setting a price target of $31, which is approximately 26.58% above the present share price of $24.49.
Carl expects Umh Properties to post earnings per share (EPS) of $0.18 for the fourth quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in UMH Properties (NYSE:UMH), with an average price target of $29.25.
The analysts price targets range from a high of $31 to a low of $27.5.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $48.96 million and a net profit of $9.01 million. The company's market cap is $1.2 billion.
According to TipRanks.com, Berenberg Bank analyst Keegan Carl is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 10.3% and a 83.33% success rate.
UMH Properties, Inc. operates as a real estate investment trust, which engages in the ownership and operation of manufactured home communities. It also leases manufactured home sites to private manufactured home owners. The firm designs accommodate detached, single-family manufactured homes which are produced off-site by manufacturers and installed on sites within the communities. The company was founded by Eugene W. Landy in 1968 and is headquartered in Freehold, NJ.