UMH PPTYS INC UMH
COM · REIT · CUSIP 903002103
Real estate developer
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($778.1k this quarter). Holder counts are more reliable. Shares outstanding: 66.4m as of 2023-11-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $15.32. Options: 5 managers hold calls ($353.2k notional), 4 hold puts ($492.7k).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 177 |
| Q4 2022 | 174 |
| Q1 2023 | 186 |
| Q2 2023 | 179 |
| Q3 2023 | 189 |
| Q4 2023 | 201 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 83 | 76 |
| Q1 2023 | 117 | 52 |
| Q2 2023 | 95 | 78 |
| Q3 2023 | 99 | 68 |
| Q4 2023 | 117 | 65 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $243.7k | $438.9k | 1.80 |
| Q2 2023 | $446.8k | $600.8k | 1.34 |
| Q3 2023 | $437.4k | $246.3k | 0.56 |
| Q4 2023 | $353.2k | $492.7k | 1.39 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +928.7k |
| VANGUARD GROUP INC | Added | +629.4k |
| MORGAN STANLEY | Added | +617.6k |
| BlackRock Inc. | Added | +509.3k |
| AMERICAN CENTURY COMPANIES INC | Added | +320.5k |
| JPMORGAN CHASE & CO | Added | +314.8k |
| STOREBRAND ASSET MANAGEMENT AS | Added | +285.9k |
| PRIVATE MANAGEMENT GROUP INC | Added | +280.4k |
| Cerity Partners LLC | New | +191.2k |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +148.0k |
Biggest sellers
| GW&K Investment Management, LLC | Reduced | -937.9k |
| Invesco Ltd. | Reduced | -379.3k |
| EAGLE ASSET MANAGEMENT INC | Sold out | -198.6k |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -181.0k |
| JENNISON ASSOCIATES LLC | Reduced | -97.2k |
| Hunter Perkins Capital Management, LLC | Reduced | -93.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -84.8k |
| Copeland Capital Management, LLC | Reduced | -79.8k |
| ROYAL BANK OF CANADA | Reduced | -50.3k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Reduced | -43.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $196.1k12.8k shares |
| CITADEL ADVISORS LLC | Added | $147.1k9.6k shares |
| SIMPLEX TRADING, LLC | Unchanged | $7.0k500 shares |
| PEAK6 Investments LLC | New | $3.1k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $364.6k23.8k shares |
| SIMPLEX TRADING, LLC | Added | $125.0k8.2k shares |
| GROUP ONE TRADING LLC | New | $3.1k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-30 | 9.7% |
Erez REIT Opportunities LP
13D · may seek influence
no change · filed 2026-09-29
Stated purposeOn September 28, 2026, Erez Asset Management launched a campaign website located at www.saveUMH.com and issued a presentation (the "September 28 Presentation") outlining its "case for change" at the Issuer and disclosing that it intends to seek Board change and solicit shareholders in support of such change at the Issuer's upcoming annual meeting. The foregoing description of the September 28 Presentation does not purport to be complete and is qualified in its entirety by reference to the full text of the September 28 Presentation, attached hereto as Exhibit 99.1, and is incorporated herein by reference. Full filing |
5.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: T. Rowe Price Investment Management, Inc. (4.3%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), Capital Research Global Investors (4.3%, 2025-11-13)
Insider purchases and sales in Q4 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2022 | 2 | $26.8k | 1 | $374.8k | — |
| Q2 2022 | 2 | $117.2k | 1 | $24.0k | — |
| Q3 2022 | 1 | $3.0k | 0 | — | — |
| Q4 2022 | 5 | $52.9k | 0 | — | — |
| Q1 2023 | 7 | $108.5k | 0 | — | — |
| Q2 2023 | 4 | $5.0k | 1 | $38.4k | — |
| Q3 2023 | 2 | $21.0k | 1 | $15.3k | — |
| Q4 2023 | 3 | $3.5k | 2 | $28.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-12-15 | QUIGLEY KENNETH K JR Director · UMH Properties, Inc. | Bought | $1.0k69 shares |
| 2023-12-05 | BUTEWICZ AMY LYNN Director · UMH Properties, Inc. | Sold | $11.8k800 shares |
| 2023-11-17 | Conway Kiernan Director · UMH Properties, Inc. | Sold | $17.0k1.2k shares |
| 2023-11-15 | QUIGLEY KENNETH K JR Director · UMH Properties, Inc. | Bought | $1.0k72 shares |
| 2023-11-15 | Carus Jeffrey A Director · Custodial account for Son, Ethan · UMH Properties, Inc. | Bought | $1.0k72 shares |
| 2023-11-15 | Carus Jeffrey A Director · Custodial account for Son, Daniel · UMH Properties, Inc. | Bought | $50036 shares |
| 2023-10-16 | QUIGLEY KENNETH K JR Director · UMH Properties, Inc. | Bought | $1.0k73 shares |
| 2023-10-16 | LANDY SAMUEL A President and CEO, director · UMH Properties, Inc. | Bought | $1.0k73 shares |
| 2023-10-16 | LANDY SAMUEL A President and CEO, director · UMH Properties, Inc. | Bought | $1.0k73 shares |
| 2023-10-16 | LANDY DANIEL O. EVP and President of OZ Fund · UMH Properties, Inc. | Bought | $1.0k73 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 6.5m $100.2m | Added +629.4k |
| BlackRock Inc. 0.00% of their portfolio | 4.9m $75.4m | Added +509.3k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 3.7m $56.9m | Added +928.7k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 2.9m $43.7m | Added +320.5k |
| FMR LLC 0.00% of their portfolio | 2.7m $41.8m | Added +1.7k |
| Copeland Capital Management, LLC 0.72% of their portfolio | 2.3m $35.8m | Reduced -79.8k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 2.0m $30.8m | Reduced -43.7k |
| STATE STREET CORP 0.00% of their portfolio | 1.9m $29.1m | Added +145.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.5m $22.6m | Added +144.7k |
| PRIVATE MANAGEMENT GROUP INC 0.77% of their portfolio | 1.3m $20.2m | Added +280.4k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 1.3m $19.9m | Reduced -97.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $18.0m | Reduced -11.2k |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $16.4m | Added +617.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.0m $15.7m | Added +314.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 886.6k $13.6m | Added +44.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 832.1k $12.7m | Added +22.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 800.6k $12.3m | Added +57.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 799.4k $12.2m | Added +33.8k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 664.9k $10.2m | Added +61.2k |
| D.A. DAVIDSON & CO. 0.10% of their portfolio | 659.1k $10.1m | Added +1.4k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 615.5k $9.4m | Added +82.8k |
| HEARTLAND ADVISORS INC 0.48% of their portfolio | 598.4k $9.2m | Added +5.7k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 571.4k $8.8m | Added +10.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 370.0k $5.7m | Added +25.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 363.8k $5.6m | Added +20.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 359.7k $5.5m | Added +148.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 355.1k $5.4m | Reduced -19.7k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 347.5k $5.3m | Added +285.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 341.5k $5.2m | Added +81 |
| ROBOTTI ROBERT 0.66% of their portfolio | 301.1k $4.6m | Reduced -2.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 297.8k $4.6m | Added +2.0k |
| MONTAG A & ASSOCIATES INC 0.24% of their portfolio | 279.4k $4.3m | Reduced -2.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 273.3k $4.2m | Added +55.6k |
| SCOUT INVESTMENTS, INC. 0.10% of their portfolio | 266.3k $4.1m | Reduced -4.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 265.9k $4.1m | Added +123.4k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 252.9k $3.9m | Reduced -27.7k |
| LDR Capital Management LLC 2.15% of their portfolio | 251.0k $3.8m | Unchanged |
| Pacific Heights Asset Management LLC 0.33% of their portfolio | 250.0k $3.8m | Unchanged |
| NFJ INVESTMENT GROUP, LLC 0.10% of their portfolio | 246.9k $3.8m | Reduced -22.3k |
| Invesco Ltd. 0.00% of their portfolio | 246.2k $3.8m | Reduced -379.3k |
| Knights of Columbus Asset Advisors LLC 0.24% of their portfolio | 244.6k $3.7m | Added +124.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 228.3k $3.5m | Added +14.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 221.6k $3.4m | Reduced -50.3k |
| Penn Capital Management Company, LLC 0.27% of their portfolio | 194.6k $3.0m | Added +11.6k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 192.1k $2.9m | Reduced -3.3k |
| Cerity Partners LLC 0.01% of their portfolio | 191.2k $2.9m | New |
| WEDBUSH SECURITIES INC 0.12% of their portfolio | 175.7k $2.7m | Added +37.8k |
| BARCLAYS PLC 0.00% of their portfolio | 155.1k $2.4m | Added +72.5k |
| WealthTrust Axiom LLC 0.69% of their portfolio | 134.8k $2.1m | Added +1.5k |
| Koshinski Asset Management, Inc. 0.31% of their portfolio | 133.8k $2.0m | Added +57.2k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 123.2k $1.9m | Added +768 |
| Swiss National Bank 0.00% of their portfolio | 122.2k $1.9m | Reduced -4.7k |
| UBS Group AG 0.00% of their portfolio | 121.0k $1.9m | Added +32.4k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 118.7k $1.8m | New |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 116.7k $1.8m | Reduced -22.3k |
| GSA CAPITAL PARTNERS LLP 0.15% of their portfolio | 113.6k $1.7m | Added +15.2k |
| Silver Lake Advisory, LLC 0.96% of their portfolio | 111.9k $1.7m | Added +114 |
| North Star Investment Management Corp. 0.13% of their portfolio | 110.2k $1.7m | Added +6.1k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 108.1k $1.7m | Added +60.2k |
| McIlrath & Eck, LLC 0.28% of their portfolio | 105.2k $1.6m | Reduced -169 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 102.7k $1.6m | Added +58.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 97.7k $1.5m | Added +2.5k |
| GW HENSSLER & ASSOCIATES LTD 0.10% of their portfolio | 96.4k $1.5m | Unchanged |
| Asset Management One Co., Ltd. 0.01% of their portfolio | 94.3k $1.5m | Added +4.1k |
| CALDWELL SUTTER CAPITAL, INC. 0.72% of their portfolio | 93.0k $1.4m | Unchanged |
| SHUFRO ROSE & CO LLC 0.12% of their portfolio | 92.8k $1.3m | Added +400 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 89.9k $1.4m | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 89.6k $1.4m | Added +4.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 87.9k $1.3m | Added +9.1k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 73.8k $1.1m | Added +6.5k |
| GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio | 73.3k $1.1m | Reduced -1.0k |
| PEAPACK GLADSTONE FINANCIAL CORP 0.02% of their portfolio | 73.0k $1.1m | Unchanged |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 71.1k $1.1m | Added +7.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 67.9k $1.0m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 65.0k $996.2k | Added +1.7k |
| Susquehanna Portfolio Strategies, LLC 0.02% of their portfolio | 64.2k $983.7k | First filing |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 62.7k $960.0k | Added +18.0k |
| Pensionfund PDN 0.51% of their portfolio | 54.9k $841.0k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 54.0k $827.3k | Added +173 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 50.0k $765.4k | New |
| BARD ASSOCIATES INC 0.29% of their portfolio | 49.8k $763.5k | Added +1.1k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 49.4k $756.3k | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 46.0k $704.8k | Reduced -32.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 45.3k $694.6k | Added +75 |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 45.2k $691.7k | Reduced -3.6k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 42.6k $652.7k | Reduced -18.1k |
| Clear Creek Financial Management, LLC 0.10% of their portfolio | 39.6k $607.0k | Added +15.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 37.9k $580.2k | Reduced -84.8k |
| Hunter Perkins Capital Management, LLC 0.12% of their portfolio | 37.4k $572.0k | Reduced -93.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 37.2k $550.7k | Added +3.6k |
| Penserra Capital Management LLC 0.01% of their portfolio | 37.0k $566.0k | Added +4.0k |
| Boston Partners 0.00% of their portfolio | 35.8k $548.1k | Reduced -15.3k |
| LPL Financial LLC 0.00% of their portfolio | 34.8k $532.8k | Added +324 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 34.5k $528.5k | Added +1.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 33.4k $512.1k | Reduced -6.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 33.4k $511.3k | Reduced -8.2k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 32.1k $491.8k | Reduced -38 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 31.4k $481.1k | Added +2.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 30.6k $469.1k | Added +3.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 30.4k $467.0k | Added +2.1k |