UMH Properties (UMH): Analyst Adjusts Price Target Amid Solid Q1 Performance | IL:UMH Stock News

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May 13, 2025

An analyst from B. Riley, John Massocca, has adjusted the price target for UMH Properties (UMH), reducing it from $22.50 to $21.50, while maintaining a Buy rating on the company’s shares. Despite the price target reduction, UMH demonstrated consistent performance in the first quarter. The company achieved high-single-digit growth in same-property Net Operating Income along with mid-single-digit growth in rental rates. Additionally, UMH reported incremental improvements in total portfolio occupancy. The analyst believes that while UMH is well-positioned for strong per-share growth, achieving this will depend on successful execution across various facets of the business.

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