UMH Properties CEO sells 45,700 shares for $749,480 at $16.40; stock down 20.3% from 52-week high of $20.42
Samuel Landy, President and CEO of UMH Properties, sold 45,700 shares at $16.40, reducing his holdings by 4.0% to 1.10M shares post-transaction. The sale occurs after the stock has declined 20.3% from its 52-week high of $20.42, and the current price of $16.27 sits near the bottom of the 52-week range. Notably, his prior UMH trade history shows perfect timing: all 5 prior transactions at this ticker were well-timed at the 90-day mark, including a prior sell on 2024-11-13 that yielded negative 90-day returns (-6.8%), indicating the insider sold ahead of a decline. This second sale in less than a year follows a similar pattern despite the stock's current distressed valuation. The company trades at a P/E of 45.19 while showing solid fundamentals—8.9% annual revenue growth and $7.6M in net income on $66.6M in latest quarterly revenue—which raises the question of whether depressed market sentiment has temporarily disconnected price from underlying business performance.