UMH shares are trading at $10.22 with a spicy dividend yield of 7.05%. UMH is well-positioned to increase its dividend in 2013 or 2014. The company has a strategically-aligned footprint that should allow the REIT to capitalize on affordable housing lot rentals as well as sales and finance growth. The company is well positioned for the housing market rebound and with a portfolio occupancy of 81%, UMH shares have significant upside.
At the time of publication the author had no position in any of the stocks mentioned.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.