Umh Properties director Mitchell William Edward buys $1,000 in shares

Umh Properties director Mitchell William Edward buys $1,000 in shares

Nasdaq drops as TSMC’s spending plans offset stellar results; Dow boosted by UNH Mitchell William Edward, a director at UMH Properties, Inc. (NASDAQ:UMH), purchased shares in the company on July 15, 2026, totaling $1,000. The acquisition involved 67.80 shares at a price of $14.75 per share. The purchase price came in below the current stock price of $15.67, and InvestingPro analysis suggests the company remains slightly undervalued at current levels.

The REIT offers an attractive dividend yield of 5.89% and has maintained dividend payments for 37 consecutive years, according to InvestingPro Tips. Investors can access the comprehensive Pro Research Report on UMH, one of 1,400+ US equities covered, for deeper insights. The purchase was made through the company’s Dividend Reinvestment and Stock Purchase Plan.

Following this transaction, Mr. Edward directly holds 34,133.27 shares of UMH Properties, Inc. Mr. Edward also holds several derivative securities in UMH Properties, Inc. These include options to acquire 11,000 shares with an exercise price of $15.80, exercisable from January 10, 2025, to January 10, 2034.

He also holds options for 10,000 shares at an exercise price of $14.36, exercisable from March 21, 2024, to March 21, 2033. Additional holdings include options for 12,000 shares at an exercise price of $16.86, exercisable from June 16, 2026, to June 16, 2035, and another 12,000 shares at an exercise price of $16.15, exercisable from January 21, 2027, to January 21, 2036. In other recent news, UMH Properties has been added to the Russell 2000 Value-Defensive Index as part of FTSE Russell’s annual index reconstitution.

The inclusion in this index highlights the company’s smaller-cap status and characteristics such as high quality and lower volatility. Furthermore, UMH Properties announced its support for the 21st Century ROAD to Housing Act, a bipartisan bill aimed at addressing housing shortages through reforms in manufactured housing. The bill seeks to update financing limits and ease zoning restrictions, which could impact the industry positively.

In a significant leadership change, UMH Properties appointed Kevin Miller as the new Executive Vice President, Chief Financial Officer, and Treasurer, effective June 1, 2026. This follows the announcement of the retirement of current CFO Anna T. Chew, who will step down after 35 years with the company but will continue in an advisory role. Additionally, Erez Asset Management, holding approximately 4% of UMH Properties, has declared its intention to withhold support from Presiding Independent Director Matthew I. Hirsch at the upcoming annual meeting, citing concerns over governance and performance.

These developments reflect ongoing changes and strategic moves within UMH Properties.