Yahoo Finance EVP and COO Brett Taft Exercises Stock Options on UMH Properties Inc (UMH)
UMH Properties Inc (NYSE:UMH) has reported an insider sale according to the latest SEC filings. Brett Taft, the Executive Vice President and Chief Operating Officer of UMH Properties Inc, sold 9,800 shares of the company on April 3, 2024. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. However, the Form 4 filing also mentioned that Taft exercised 20,000 stock options, resulting in a net purchase of 10,200 shares.
UMH Properties Inc is a real estate investment trust (REIT) that specializes in owning and operating manufactured home communities. These communities are designed to offer affordable housing options and a variety of amenities to residents. The company's portfolio includes properties across multiple states, primarily in the northeastern and midwestern United States.
The insider transaction history for UMH Properties Inc reveals a trend of more insider buying than selling over the past year. There have been 24 insider buys and only 4 insider sells during this period.
On the valuation front, shares of UMH Properties Inc were trading at $15.91 on the day of the insider's recent sale, resulting in a market capitalization of $1.087 billion. The stock's price-to-GF-Value ratio stands at 0.93, indicating that UMH Properties Inc is Fairly Valued based on its GF Value of $17.03. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates from Morningstar analysts.
For investors monitoring insider activities, this insider transaction at UMH Properties Inc may be of interest as it provides insight into the actions of high-level executives within the company. However, it is important to consider the broader context of insider transactions and the company's valuation when interpreting the significance of a single sale.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
