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Mitchell William Edward, a director at UMH Properties, Inc. (NYSE:UMH), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, the director disposed of 39,974 shares on May 15, 2025, at a price of $16.94 per share. This transaction totaled approximately $677,159. The sale comes as UMH, a real estate investment trust with a market capitalization of $1.43 billion, trades near $17.02 per share and offers a notable dividend yield of 5.28%. InvestingPro analysis indicates the company has maintained dividend payments for 36 consecutive years.
Following the sale, Mitchell holds 115,626.8 shares indirectly through Mitchell Portfolio Management. Want deeper insights into UMH’s valuation and growth prospects? InvestingPro subscribers get access to 8 additional key insights and a comprehensive Pro Research Report. The sale was part of a broader strategy by Mitchell Partners, managed by Mitchell Portfolio Management, to liquidate some of its holdings to return capital to its limited partners.
In other recent news, UMH Properties reported its first-quarter 2025 earnings, revealing a shortfall in both earnings per share (EPS) and revenue compared to analyst expectations. The company’s EPS was $0.00, missing the forecast of $0.036, while revenue reached $61.23 million, falling short of the projected $62.88 million. Despite these results, UMH Properties saw a 5% year-over-year increase in normalized funds from operations (FFO), reaching $0.23 per diluted share. Additionally, rental and related income grew by 8% to $54.6 million, reflecting increased same-property income and community net operating income.
In light of these earnings, Lucid (NASDAQ:LCID) Capital Markets adjusted its outlook on UMH Properties, lowering the price target to $21 from $22 but maintaining a Buy rating. This revision came after UMH’s first-quarter performance in 2025, which fell short of Lucid Capital’s Net Funds From Operations (NFFO) prediction by $0.01 per share. Lucid Capital Markets also revised its 2025 and 2026 NFFO/AFFO estimates for UMH Properties. Despite the reduced price target, Lucid Capital Markets noted that UMH Properties shares are trading at a discount to their Net Asset Value (NAV), with an estimated NAV of $22.99 per share.
UMH Properties is actively exploring growth opportunities, introducing solar shingle homes and duplex manufactured homes to boost growth and address the U.S. housing market’s undersupply. The company also reported a slight increase in rental home occupancy to 94.6%. Looking ahead, UMH Properties maintains a positive outlook for 2025, anticipating a 5% growth in rent and exploring acquisition opportunities to expand its portfolio further.
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