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UMH Properties director Mitchell sells $1.23m in stock

Published 14/08/2025, 15:42
UMH Properties director Mitchell sells $1.23m in stock
UMH
-1.22%

Director William Edward Mitchell of UMH Properties (NYSE:UMH) sold 75,849 shares of company stock on August 13, 2025, for $16.32 per share, totaling $1237855. The sale comes as UMH Properties, a real estate investment trust with a market capitalization of $1.38 billion, trades near its 52-week low of $15.74. According to InvestingPro, analysts have set price targets ranging from $18 to $23.50 for the stock.

Following the transaction, Mitchell directly owns 25104.45 shares of UMH Properties. Mitchell also indirectly owns 41368.03 shares through Mitchell Portfolio Management. These shares are being sold because Mitchell Partners, for which Mitchell Portfolio Management is the fund manager, must liquidate some of its holdings to return capital to its limited partners.

Mitchell also holds options to purchase 11,000 shares at $15.80, exercisable on January 10, 2025, expiring on January 10, 2034, options to purchase 10,000 shares at $14.36, exercisable on March 21, 2024, expiring on March 21, 2033 and options to purchase 12,000 shares at $16.86, exercisable on June 16, 2026, expiring on June 16, 2035. Get deeper insights into UMH Properties’ valuation and growth prospects with InvestingPro, which offers exclusive analysis and 8 additional ProTips for this stock.

In other recent news, UMH Properties reported its Q2 2025 financial results, showing a mixed performance. The company recorded earnings per share (EPS) of $0.03, which was below the anticipated $0.038, resulting in a 21.05% negative surprise for investors. On a positive note, UMH Properties’ revenue reached $66.6 million, exceeding the projected $63.42 million by 5.08%. These figures highlight a stronger-than-expected revenue performance despite the EPS shortfall. There were no updates regarding mergers or acquisitions in the recent announcements. Analyst opinions on UMH Properties were not mentioned in the latest developments. The company’s stock performance remained resilient following the earnings release. Investors may find these financial results noteworthy as they assess the company’s current standing.

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