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UMH Properties, Inc. (NYSE:UMH) is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.

The company is set to report its Q3 2024 earnings on November 6. Wall Street analysts expect the company to post an EPS of $0.24, up from $0.22 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $58.58 million, up from $56.04 million in the year-ago period.

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If You Bought UMH Properties Stock 20 Years Ago

The company's stock traded around $14.38 per share 20 years ago. If you had invested $1,000, you could have bought approximately 70 shares of UMH Properties stock. Currently, shares are trading at $18.64, which means your investment's value could have increased to $1,296 because of stock price appreciation. But wait, the company also paid dividends during these 20 years. 

UMH Properties’ dividend yield is currently 4.58%. Over the last twenty years, it paid around $16.36 in dividends per share, which means you could have made $1,138 from dividends alone. 

Summing up $1,296 and $1,138, we end up with the final value of your investment, which is $2,434. This is how much you could have made if you had invested $1,000 in UMH Properties stock 20 years ago. This means a total return of 143.4%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 575.84%.

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What Could The Next 20 Years Bring? 

UMH Properties has a consensus rating of Buy and a price target of $21.88 based on the ratings of nine analysts. The price target implies a potential upside of around 17% from the current stock price.

Check out this article by Benzinga for four analysts' insights on UMH Properties stock.

On Aug. 6, the company reported its Q2 2024 earnings, posting an FFO of $0.23, matching expectations and revenues of $60.328 million, beating the consensus of $56.877 million, as reported by Benzinga.

"We are initiating guidance for the remainder of 2024, with Normalized FFO in a range of $0.91-0.95 per diluted share for the full year or $0.93 at the midpoint. This represents approximately 8% annual normalized FFO growth at the midpoint over the full year 2023 Normalized FFO of $0.86 per diluted share," said CEO Samuel A. Landy.

In summary, growth-focused investors may find UMH Properties stock attractive, given the expected upside potential of 17%. Furthermore, the stock can be a good option for income-focused investors, who benefit from the company's solid dividend yield of 4.58%.

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This article If You Invested $1,000 In UMH Properties Stock 20 Years Ago, How Much Would You Have Now originally appeared on Benzinga.com