Insider Trading Report: UMH Properties Inc (UMH)

Kenneth Quigley, a director at UMH Properties (UMH), recently picked up 1,000 shares. The buy increased his holdings by 7.8 percent, and came to a total purchase price of just under $24,000.

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  • This is the second buy from the director this month. Company insiders have been active as both buyers and sellers over the past three years, with a larger number of recent buys and sells alike.

    Overall, insiders at the company own just under 7 percent of shares.

    The owner and operator of manufactured home communities has seen shares rise 24 percent in the past year, as home prices have increased amidst a nationwide shortage. That’s even as earnings have dropped relative to 2020, and as revenue only rose 7 percent.

    Action to take: Even with a slight slowdown, the REIT sports a 27 percent profit margin and will likely continue to benefit from the housing shortage for years to come. Shares yield 3.3 percent right now, and the company recently increased the dividend, which may be attractive for shareholders looking for a play on housing today.

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  • For traders, shares have been in an uptrend that has stalled in recent months, even as the rest of the market has corrected. The July $25 calls, an at-the-money trade, last went for about $1.15. On a resumption of the longer-term uptrend, the options could deliver mid double-digit gains.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.