Street Calls of the Week
Director Jeffrey A. Carus acquired shares of UMH Properties, Inc. (NYSE:UMH) on October 15, 2025, through dividend reinvestments. The purchases totaled $1,999 at a price of $13.875 per share. The company, currently valued at $1.21 billion, offers a notable 6.25% dividend yield and has maintained dividend payments for 36 consecutive years.
The transactions involved the purchase of 72.07 shares for a custodial account for his son, Daniel, and another 72.07 shares for a custodial account for his son, Ethan, through the Dividend Reinvestment and Stock Purchase Plan. According to InvestingPro, UMH has raised its dividend for 5 consecutive years, demonstrating strong commitment to shareholder returns.
Following these transactions, Carus directly owns 30,023.85 shares of UMH Properties, Inc. common stock, 500 shares of UMH Properties, Inc. (Preferred D), and indirectly owns 686.51 shares for his son Daniel and 579.27 shares for his son Ethan.
Carus also holds derivative securities including options to purchase 11,000 shares at $15.80, options to purchase 10,000 shares at $14.36, and options to purchase 12,000 shares at $16.86.
In other recent news, UMH Properties provided an operating update for the third quarter of 2025, although specific financial figures were not disclosed. Earlier, the company reported mixed results for the second quarter of 2025, with earnings per share of $0.03, missing the forecast of $0.038, while revenue exceeded expectations at $66.6 million, compared to the anticipated $63.42 million. Cantor Fitzgerald initiated coverage of UMH Properties with a Neutral rating and a $15.00 price target, indicating a modest upside potential based on a 2026 estimated AFFO multiple. Additionally, UMH Properties announced the appointment of Todd J. Clark to its Board of Directors as a Class I Director, a term set to expire in 2028. Clark, associated with Widener University Delaware Law School, brings expertise in employment discrimination and corporate justice to the board. These developments reflect ongoing strategic and operational activities within UMH Properties.
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