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Fly News Breaks for June 6, 2019
UMH
Jun 6, 2019 | 07:57 EDT
Maxim analyst Michael Diana initiated UMH Properties with a Buy rating and a price target of $17, saying the stock trades at a discount to its peers while offering a superior same-property net operating income growth and a higher dividend yield. The analyst also believes that demographic trends are driving the growth of manufactured housing, which he calls the "best source of affordable housing", and expects the company's low manufactured ownership concentration to push its management toward value-add acquisitions.
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