Contrasting Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) & UMH Properties (NYSE:UMH)

UMH Properties (NYSE:UMH) and Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, valuation, earnings, profitability, institutional ownership, risk and dividends.

Profitability

This table compares UMH Properties and Boardwalk Real Estate Investment Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
UMH Properties	10.12%	4.43%	1.63%
Boardwalk Real Estate Investment Trust	30.45%	3.92%	2.19%

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for UMH Properties and Boardwalk Real Estate Investment Trust, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
UMH Properties	0	3	3	0	2.50
Boardwalk Real Estate Investment Trust	0	0	0	0	0.00

UMH Properties presently has a consensus price target of $18.00, suggesting a potential upside of 24.77%. Given UMH Properties’ stronger consensus rating and higher possible upside, analysts plainly believe UMH Properties is more favorable than Boardwalk Real Estate Investment Trust.

Risk & Volatility

UMH Properties has a beta of 1.07, indicating that its stock price is 7% more volatile than the S&P 500. Comparatively, Boardwalk Real Estate Investment Trust has a beta of 0.94, indicating that its stock price is 6% less volatile than the S&P 500.

Earnings & Valuation

This table compares UMH Properties and Boardwalk Real Estate Investment Trust”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
UMH Properties	$261.75 million	4.69	$26.50 million	$0.07	206.10
Boardwalk Real Estate Investment Trust	$457.06 million	5.00	$140.90 million	$2.58	18.24

Boardwalk Real Estate Investment Trust has higher revenue and earnings than UMH Properties. Boardwalk Real Estate Investment Trust is trading at a lower price-to-earnings ratio than UMH Properties, indicating that it is currently the more affordable of the two stocks.

Dividends

UMH Properties pays an annual dividend of $0.90 per share and has a dividend yield of 6.2%. Boardwalk Real Estate Investment Trust pays an annual dividend of $1.19 per share and has a dividend yield of 2.5%. UMH Properties pays out 1,285.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Boardwalk Real Estate Investment Trust pays out 46.1% of its earnings in the form of a dividend. UMH Properties has raised its dividend for 4 consecutive years. UMH Properties is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Institutional and Insider Ownership

75.4% of UMH Properties shares are held by institutional investors. 8.8% of UMH Properties shares are held by company insiders. Comparatively, 19.0% of Boardwalk Real Estate Investment Trust shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Summary

UMH Properties beats Boardwalk Real Estate Investment Trust on 9 of the 17 factors compared between the two stocks.

About UMH Properties

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia. UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate

About Boardwalk Real Estate Investment Trust

Boardwalk REIT strives to be Canada’s friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, cater to a large diverse demographic and has evolved to capture the life cycle of all Resident Members. Boardwalk’s disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cash flow and investment returns, stable monthly distributions, and value creation for all our stakeholders. Boardwalk REIT’s Trust Units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN.