UMH UMH PROPERTIES, INC. Insider Trading

Director Carus buys 500 UMH shares at $14.50; stock down 22.3% from 52-week high. Cluster pattern: 2 other insiders also bought within 14 days.

Director Jeffrey A Carus purchased 500 shares at $14.50, increasing his holdings to 33,565 shares from 33,065 shares—a modest 1.5% addition. The timing coincides with material price weakness: UMH trades 22.3% below its 52-week high of $18.82 and has declined 8.1% over 90 days. Carus's prior purchases at this ticker show mixed outcomes (2 of 5 prior buys well-timed at the 90-day mark), and his cross-ticker track record reflects an average 90-day return of +3.8% with a 64.29% win rate. The filing indicates a cluster buy pattern, with 2 other insiders purchasing within the past 14 days, which may signal coordinated conviction at depressed levels. However, the stock's elevated P/E of 39.51 and recent negative momentum warrant caution on the significance of this relatively small transaction.

Director Hirsch buys 500 UMH shares at $14.48; stock down 24.0% from 52-week high and 11.6% in 30 days.

Matthew I. Hirsch, Director, purchased 500 shares of UMH Properties on 2026-03-27 at $14.48, adding modestly to his holdings of 60.8K shares. The buy occurs amid significant price weakness: UMH is down 24.0% from its 52-week high of $18.82 and has declined 11.6% over the past 30 days, suggesting the director is purchasing into a material drawdown. However, Hirsch's cross-ticker track record shows 1 prior open-market buy with an average 90-day return of -13.6% and a 0.00% win rate, indicating his prior buys have not preceded gains. His single prior transaction at UMH itself—a buy on 2023-07-10—also posted a 90-day return of -13.6%, extending a pattern of poorly-timed entry points. The company's fundamentals remain solid (Revenue $66.9M, Net income $9.3M, Annual revenue growth +8.8%, Market cap $1.2B), but the director's track record of entry timing and the stock's steep recent decline warrant careful attention to the underlying business trajectory.

Director Kenneth K Quigley Jr bought 2,500 shares of UMH at $14.34; his prior 5 UMH purchases all showed positive 90d returns.

Quigley purchased 2,500 shares at $14.34, bringing his holdings to 42,366 shares, a +6.3% increase. His historical pattern at UMH is notably consistent: all 5 prior open-market purchases at this ticker generated positive 90-day returns, ranging from +2.1% to +16.7%, with a 100% win rate on the same-ticker horizon. The current stock price of $14.45 sits -23.2% below the 52-week high and down -10.8% over the prior 30 days, creating a depressed near-term backdrop. His cross-ticker track record shows 5 prior buys averaging +6.7% (30d) and +9.4% (90d) returns. The convergence of repeated favorable same-ticker timing outcomes and the current price weakness relative to recent range suggests this insider perceives value at the current level, though the stock trades at a relatively elevated P/E of 39.05 against the company's solid $66.9M quarterly revenue and $9.3M net income.

Director Carus buys 65 shares at $15.25 in 2 purchases, increasing holdings 12.0%

Jeffrey A Carus, Director, executed 2 separate purchases totaling 65 shares for $1,000.10 on 2025-12-15 at $15.25 per share, raising his stake by 12.0% from 546 to 612 shares. The transaction occurs near the current price of $16.14, and his same-ticker history at UMH shows mixed results: 0 of 3 prior measurable buys yielded positive 90-day returns, with outcomes ranging from -9.2% to -1.8%. His cross-ticker track record shows a 70% win rate with an average 90-day return of +3.2%, but this recent purchase at UMH comes after a pattern of unsuccessful timing at this specific ticker. The stock's 52-week range ($14.12–$19.47) and -17.1% distance from its high provide context for the entry price, while the company's 8.9% annual revenue growth and 52x P/E suggest a relatively expensive market valuation.

Director Mitchell William Edward buys 2,000 shares of UMH at $14.92, increasing holdings to 28,737 shares (+7.5%)

Mitchell William Edward, a director, purchased 2,000 shares at $14.92 on 2025-11-24, representing a +7.5% increase to his holdings of 28,737 shares. The stock is currently trading 24.8% below its 52-week high of $19.85, and his prior four trades at UMH all proved well-timed at the 90-day mark (3 sales with negative 90d returns and 1 buy with +10.8% 90d return), suggesting a pattern of disciplined execution. However, the broader context shows UMH trading at a P/E of 48.13 with recent 90-day price action of -4.2%, and while his cross-ticker track record shows 100% win rate on buys (avg 90d return +16.4%), this must be distinguished from his ticker-specific history. The purchase occurs in a context of elevated valuation multiples and modest recent momentum, warranting examination of underlying business drivers rather than relying on historical timing patterns alone.

Director Clark Todd J. purchases 72 UMH shares at $13.88; stock down 28.1% from 52-week high at $14.28 current.

Director Clark Todd J. purchased 72 shares of UMH Properties at $13.88 on 2025-10-15, adding to a position that grew from 1,770 to 1,842 shares (a +4.1% increase). This marks the insider's second open-market purchase at UMH in eight days, following a buy on 2025-10-07. The stock is currently trading at $14.28, down 28.1% from its 52-week high of $19.85 and down 5.3% over the trailing 30 days. UMH's fundamentals show revenue of $66,643,000 with net income of $7,605,000 and annual revenue growth of +8.9%, though the P/E ratio of 39.67 reflects elevated valuation relative to earnings. The transaction's modest size and proximity to the prior purchase warrants observation of whether this reflects ongoing portfolio activity or a sustained interest pattern.

Director Carus Jeffrey A buys 144 shares at $13.88 at UMH, raising stake 33.1% to 579 shares.

Director Carus Jeffrey A executed 2 separate purchases totaling 144 shares for $1,999.94 at a blended average price of $13.87 on 2025-10-15, increasing his holdings by 33.1% from 435 to 579 shares. His cross-ticker track record shows 10 prior buys with a 70.00% 90-day win rate and average 90-day return of +3.2%, but at UMH specifically, only 2 of 5 prior buys achieved positive 90-day returns, with recent purchases (2025-04-03 and 2025-03-17) resulting in 90-day declines of -9.2% and -2.8% respectively. The current price of $14.20 reflects a 30-day decline of -6.1% and 90-day decline of -16.0% from the 52-week high of $19.85, placing the stock 28.5% below its peak. The company's fundamentals show net income of $7.6M on revenue of $66.6M with 8.9% annual revenue growth and a P/E of 39.44, offering limited context for the decline.

Director Clark Todd J. bought 527 UMH shares at $14.23; holdings increase 42.4% to 1,770 shares despite -28.9% decline from 52-week high.

Director Clark Todd J. purchased 527 shares of UMH Properties at $14.23 on 2025-10-07, increasing his holdings by 42.4% from 1,243 to 1,770 shares. The transaction occurs in a context where the stock trades at $14.12 (current price), approximately -28.9% below its 52-week high of $19.85 and down -17.3% over the 90-day period. The company reports trailing quarter revenue of $66,643,000.00 and net income of $7,605,000.00, with annual growth of +8.9%, though the valuation metrics show a P/E of 39.22 against a market cap of $1,199,197,183.48. The substantial 42.4% increase in Todd's personal holdings merits investor attention, as it represents a material addition to his position during a period of meaningful price weakness.

Director Landy Michael P buys 10,000 shares at $14.46; prior UMH buy at this ticker returned +30.7% over 90d

Director Landy Michael P purchased 10,000 shares of UMH at $14.46 on 2025-09-29, expanding his holdings to 362,051 shares. His prior open-market purchase at UMH (2024-06-18) delivered a 90-day return of +30.7%, a pattern that has characterized his timing acumen at this ticker. The current stock trades at $14.72, down 25.8% from its 52-week high and down 6.2% over the preceding 30 days, placing this transaction near a relative trough. His cross-ticker track record shows 1 prior buy with an average 90-day return of +30.7% and a 100% win rate, though that single prior trade is his only measurable history across all holdings. The timing context suggests this acquisition occurs in a depressed price environment relative to the stock's recent range.

Director Mitchell William Edward sold 75.8K shares of UMH at $16.32; -64.7% of holdings. Stock down -20.5% from 52-week high; prior UMH sales well-timed.

Director Mitchell William Edward executed a substantial sale of 75,849 shares at $16.32, reducing his UMH holdings from 117,217 shares to 41,368 shares (a -64.7% reduction). This represents a material disposition of his position coinciding with stock weakness: UMH is down -20.5% from its 52-week high of $20.42 and has declined -5.7% over 90 days. The director's same-ticker trade history shows a 100% well-timed rate at UMH (3 of 3 prior trades), including two recent sales in May 2025 that both generated negative 90-day returns (-4.4% and -4.2% respectively), suggesting a pattern of selling before further declines. His cross-ticker track record demonstrates a 100% well-timed sell rate (average 90d return -4.3%), consistent with this sale occurring ahead of continued weakness rather than at a market peak. The company's valuation remains elevated at a P/E of 45.08 despite modest fundamentals (net income $7.6M on revenue $66.6M), creating a mismatch between valuation and earnings quality.