B. Riley kept a Buy rating on UMH Properties with an $18.50 price target following a change in analyst coverage. The firm says valuation looks compelling vs. peers, though meaningful holdings of unrelated public REIT securities and elevated leverage justify some discount vs. peers and other residential REITs, the analyst tells investors in a research note.
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Read More on UMH:
- UMH PROPERTIES, INC. PUBLISHES ITS 2023 ANNUAL REPORT
- UMH Properties Unveils 2023 Q4 and Full-Year Financials
- UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2023
- UMH Upcoming Earnings Report: What to Expect?
- Umh Properties Outlines 2023 Distribution Tax Details
