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 ($769.3k this quarter). Holder counts are more reliable. Shares outstanding: 78.9m as of 2024-11-01, 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 ≈ $19.65. Options: 4 managers hold calls ($402.4k notional), 4 hold puts ($314.4k).
Trends to Q3 2024
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 |
| Q1 2024 | 197 |
| Q2 2024 | 198 |
| Q3 2024 | 223 |
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 |
| Q1 2024 | 98 | 88 |
| Q2 2024 | 102 | 69 |
| Q3 2024 | 121 | 79 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $353.2k | $492.7k | 1.39 |
| Q1 2024 | $111.2k | $635.8k | 5.72 |
| Q2 2024 | $363.6k | $520.5k | 1.43 |
| Q3 2024 | $402.4k | $314.4k | 0.78 |
Biggest buyers
| Capital Research Global Investors | New | +1.8m |
| STATE STREET CORP | Added | +863.1k |
| Balyasny Asset Management L.P. | New | +534.3k |
| MARSHALL WACE, LLP | Added | +495.6k |
| Nuveen Asset Management, LLC | Added | +301.0k |
| Legal & General Group Plc | Added | +278.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +277.6k |
| FRANKLIN RESOURCES INC | New | +236.0k |
| T. Rowe Price Investment Management, Inc. | Added | +221.6k |
| Brookfield Corp /ON/ | New | +220.2k |
Biggest sellers
| AMERICAN CENTURY COMPANIES INC | Reduced | -600.1k |
| ROBOTTI ROBERT | Sold out | -294.6k |
| DEUTSCHE BANK AG\ | Reduced | -294.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -256.7k |
| Cerity Partners LLC | Reduced | -153.6k |
| HEARTLAND ADVISORS INC | Reduced | -150.0k |
| Qube Research & Technologies Ltd | Reduced | -103.0k |
| JANE STREET GROUP, LLC | Reduced | -75.8k |
| KENNEDY CAPITAL MANAGEMENT LLC | Reduced | -75.4k |
| Bank of New York Mellon Corp | Reduced | -70.5k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $287.2k14.6k shares |
| GROUP ONE TRADING LLC | Added | $106.2k5.4k shares |
| SIMPLEX TRADING, LLC | Unchanged | $9.0k500 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $263.6k13.4k shares |
| SIMPLEX TRADING, LLC | Added | $39.0k2.0k shares |
| GROUP ONE TRADING LLC | Added | $11.8k600 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 Q3 2024
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q1 2024 | 2 | $3.5k | 1 | $18.0k | $18.0k |
| Q2 2024 | 1 | $72.6k | 2 | $531.2k | — |
| Q3 2024 | 0 | — | 1 | $52.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-15 | Conway Kiernan Director · UMH Properties, Inc. | Sold | $52.8k2.7k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 6.7m $131.9m | Added +168.6k |
| BlackRock, Inc. 0.00% of their portfolio | 6.7m $131.1m | First filing |
| T. Rowe Price Investment Management, Inc. 0.06% of their portfolio | 5.2m $102.2m | Added +221.6k |
| STATE STREET CORP 0.00% of their portfolio | 2.8m $55.1m | Added +863.1k |
| Copeland Capital Management, LLC 0.94% of their portfolio | 2.8m $54.3m | Added +8.9k |
| FMR LLC 0.00% of their portfolio | 2.7m $53.7m | Added +526 |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 2.3m $45.9m | Reduced -600.1k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 1.9m $38.2m | Reduced -59.8k |
| Capital Research Global Investors 0.01% of their portfolio | 1.8m $35.3m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.7m $33.5m | Added +59.7k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.3m $25.9m | Reduced -9.8k |
| PRIVATE MANAGEMENT GROUP INC 0.86% of their portfolio | 1.2m $24.6m | Reduced -57.6k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.2m $24.2m | Added +301.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $22.3m | Reduced -18.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.0m $19.9m | Added +45.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 940.8k $18.5m | Added +56.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 929.4k $18.3m | Added +60.6k |
| D.A. DAVIDSON & CO. 0.14% of their portfolio | 872.7k $17.2m | Added +1.1k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 846.4k $16.6m | Reduced -22.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 821.7k $16.2m | Added +137.2k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 645.5k $12.7m | Reduced -75.4k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 639.4k $12.6m | Added +495.6k |
| MORGAN STANLEY 0.00% of their portfolio | 548.9k $10.8m | Reduced -52.4k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 534.3k $10.5m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 433.4k $8.5m | Added +11.6k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 383.6k $7.5m | Reduced -19.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 345.4k $6.8m | Reduced -49.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 335.9k $6.6m | Added +277.6k |
| Legal & General Group Plc 0.00% of their portfolio | 335.3k $6.6m | Added +278.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 318.9k $6.3m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 318.4k $6.3m | Reduced -70.5k |
| PANAGORA ASSET MANAGEMENT INC 0.03% of their portfolio | 315.3k $6.2m | Added +56.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 312.8k $6.2m | Reduced -256.7k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 302.9k $6.0m | Added +9.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 291.1k $5.7m | Reduced -2.4k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 288.0k $5.7m | Reduced -103.0k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 273.9k $5.4m | Reduced -2.8k |
| MONTAG A & ASSOCIATES INC 0.25% of their portfolio | 270.9k $5.3m | Unchanged |
| Pacific Heights Asset Management LLC 0.37% of their portfolio | 250.0k $4.9m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 240.1k $4.7m | Reduced -37.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 236.0k $4.4m | New |
| Invesco Ltd. 0.00% of their portfolio | 224.7k $4.4m | Added +31.7k |
| Brookfield Corp /ON/ 0.02% of their portfolio | 220.2k $4.3m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 216.4k $4.3m | Added +12.6k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 199.1k $3.9m | Added +55.1k |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 197.5k $3.9m | New |
| SCOUT INVESTMENTS, INC. 0.10% of their portfolio | 196.6k $3.7m | Reduced -31.8k |
| WEDBUSH SECURITIES INC 0.14% of their portfolio | 186.9k $3.7m | Reduced -33.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 183.6k $3.6m | Reduced -36.5k |
| EAGLE ASSET MANAGEMENT INC 0.02% of their portfolio | 181.7k $3.5m | New |
| North Star Investment Management Corp. 0.24% of their portfolio | 176.2k $3.5m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 167.8k $3.3m | Added +7.5k |
| LDR Capital Management LLC 3.66% of their portfolio | 167.1k $3.3m | Reduced -69.4k |
| NFJ INVESTMENT GROUP, LLC 0.09% of their portfolio | 164.5k $3.2m | Reduced -52.0k |
| BARCLAYS PLC 0.00% of their portfolio | 160.4k $3.2m | Added +80.7k |
| HEARTLAND ADVISORS INC 0.15% of their portfolio | 150.0k $3.0m | Reduced -150.0k |
| Swiss National Bank 0.00% of their portfolio | 130.6k $2.6m | Added +1.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 128.6k $2.5m | New |
| WealthTrust Axiom LLC 0.75% of their portfolio | 128.1k $2.5m | Reduced -1.0k |
| Silver Lake Advisory, LLC 0.90% of their portfolio | 112.2k $2.2m | Reduced -3.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 109.9k $2.2m | Reduced -2.9k |
| McIlrath & Eck, LLC 0.26% of their portfolio | 102.3k $2.0m | Added +223 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 97.6k $1.9m | Added +3.9k |
| Asset Management One Co., Ltd. 0.01% of their portfolio | 97.2k $1.9m | Added +3.1k |
| UBS Group AG 0.00% of their portfolio | 96.6k $1.9m | Added +22.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 96.5k $1.9m | Reduced -30.6k |
| GW HENSSLER & ASSOCIATES LTD 0.11% of their portfolio | 96.4k $1.9m | Unchanged |
| CALDWELL SUTTER CAPITAL, INC. 0.85% of their portfolio | 92.2k $1.8m | Added +700 |
| SHUFRO ROSE & CO LLC 0.12% of their portfolio | 90.2k $1.4m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 86.8k $1.7m | Added +30.6k |
| Hunter Perkins Capital Management, LLC 0.34% of their portfolio | 84.3k $1.7m | Unchanged |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.04% of their portfolio | 84.1k $1.7m | Reduced -47.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 82.2k $1.6m | Added +3.2k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 81.6k $1.6m | Reduced -10.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 75.5k $1.5m | Added +9.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 75.3k $1.5m | Added +2.3k |
| GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio | 74.3k $1.5m | Reduced -5.5k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 73.7k $1.4m | Added +62.7k |
| PEAPACK GLADSTONE FINANCIAL CORP 0.02% of their portfolio | 73.0k $1.4m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 72.6k $1.4m | Added +4.3k |
| Boston Partners 0.00% of their portfolio | 72.3k $1.4m | Added +1.1k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 67.5k $1.3m | Added +45.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 63.5k $1.2m | Reduced -294.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 63.1k $1.2m | Reduced -1.1k |
| Susquehanna Portfolio Strategies, LLC 0.08% of their portfolio | 60.2k $1.2m | Reduced -700 |
| Pensionfund PDN 0.52% of their portfolio | 57.9k $1.1m | Unchanged |
| Vestcor Inc 0.04% of their portfolio | 56.9k $1.1m | New |
| LPL Financial LLC 0.00% of their portfolio | 56.0k $1.1m | Added +35.4k |
| Quantbot Technologies LP 0.04% of their portfolio | 50.2k $987.1k | Added +37.6k |
| BARD ASSOCIATES INC 0.33% of their portfolio | 49.2k $968.5k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 48.9k $961.8k | Added +31.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 48.1k $943.4k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 45.9k $902.2k | Reduced -64 |
| Squarepoint Ops LLC 0.00% of their portfolio | 45.7k $898.3k | Added +21.9k |
| Clear Creek Financial Management, LLC 0.10% of their portfolio | 45.4k $892.6k | Added +4.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 41.7k $820.2k | Unchanged |
| Penserra Capital Management LLC 0.02% of their portfolio | 40.5k $796.0k | Reduced -1.1k |
| Cerity Partners LLC 0.00% of their portfolio | 39.6k $779.1k | Reduced -153.6k |
| Lokken Investment Group LLC 0.32% of their portfolio | 39.1k $769.5k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 39.0k $766.6k | Added +56 |