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In recent trading activity, Jeffrey A. Carus, a director at UMH Properties, Inc. (NYSE:UMH), purchased additional shares of the company. According to a filing with the Securities and Exchange Commission, Carus acquired 2.63 shares at a price of $18.89 per share on April 3, 2025. The total value of the purchase was approximately $49. The $1.4 billion market cap company currently trades at $16.97, with InvestingPro analysis indicating a GOOD financial health score.
Following this transaction, Carus holds a total of 26888.52 shares directly, with additional holdings in custodial accounts for his sons. These include 596.86 shares for his son Daniel and 492.68 shares for his son Ethan, both of which include shares acquired through dividend reinvestment. The company maintains an attractive 5.04% dividend yield and has maintained dividend payments for 36 consecutive years. InvestingPro subscribers can access 8 additional key insights about UMH's financial performance and outlook.
Additionally, Carus maintains holdings in UMH Properties' preferred stock and derivative securities, with significant positions in options exercisable at various prices. The company has demonstrated solid growth, with revenue increasing by 9.11% over the last twelve months.
In other recent news, UMH Properties has reported its financial results for the fourth quarter of 2024, revealing a revenue of $61.87 million, which exceeded the forecast of $58.47 million. However, the company's earnings per share (EPS) did not meet expectations, coming in at $0.03 compared to the anticipated $0.05. Despite this, UMH Properties demonstrated a 4% year-over-year increase in normalized funds from operations (FFO) to $0.24 per share for the quarter. The full year saw an 8% rise in normalized FFO to $0.93 per share. UMH Properties has also announced a 4.7% increase in its quarterly dividend, raising it to $0.225 per share. The company continues to expand its rental home offerings and explore new technologies, with plans to add 800 rental homes and target 200 new home sales in 2025. Furthermore, UMH Properties is exploring a potential joint venture for a 131-acre single-family development in New Jersey. These developments highlight the company's ongoing strategic initiatives and growth plans.
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