Umh director William Mitchell buys $19,578 of stock

UMH Properties, Inc. (NASDAQ:UMH) director William Edward Mitchell recently purchased 1,300 shares of the company's common stock on November 4, 2026, at a price of $15.06 per share, totaling $19,578. This acquisition comes as the stock trades near its 52-week range of $13.93 to $16.77, despite InvestingPro analysis suggesting the company may be overvalued at current levels.

Mitchell now directly holds 38,681.89 shares of UMH Properties, Inc. The company offers investors a 6% dividend yield and has maintained dividend payments for 37 consecutive years. UMH Properties recently reported its third-quarter 2026 financial results, showing revenue surpassing expectations at $74.14 million, though earnings per share fell short at a loss of $0.02 compared to the anticipated profit of $0.038.

Despite the earnings miss, the company highlighted a 4% year-over-year increase in normalized funds from operations, amounting to $0.26 per diluted share. Rental and related income saw an 8% rise, supported by acquisitions, higher occupancy, and rent increases.

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