UMH Properties acquired a manufactured home community in Albany, Georgia for $2.6 million, expanding its portfolio.
Quiver AI Summary
UMH Properties, Inc. announced the acquisition of a manufactured home community in Albany, Georgia, for $2.6 million. The newly acquired Albany Dunes community consists of 130 developed homesites with a current occupancy rate of 32%. The property spans 43 acres and is located near UMH's existing community, Mighty Oak, allowing for operational efficiencies. CEO Samuel A. Landy highlighted the company's typical business strategy of upgrading communities to boost occupancy and property value over time. To date, UMH has acquired five communities this year, totaling 587 sites and $41.7 million in purchase price, and they continue to seek additional acquisition opportunities.
Potential Positives
- UMH Properties, Inc. successfully expanded its presence in the Georgia market by acquiring Albany Dunes, potentially increasing market share and operational efficiencies.
- The acquisition aligns with UMH's growth strategy, having completed the purchase of five communities year-to-date, indicating ongoing investment and a robust acquisition pipeline.
- The community presents a value-add opportunity with potential for improving occupancy rates and property value over time, enhancing revenue prospects.
- The company's diversified portfolio now includes 145 manufactured home communities and a self-storage segment, showcasing its breadth and potential for stable income generation.
Potential Negatives
- The occupancy rate of the newly acquired Albany Dunes community is only 32%, indicating a potential challenge in attracting residents and generating immediate revenue.
- The overall occupancy across UMH's properties suggests that a significant portion of their portfolio is underutilized, which may raise concerns about operational efficiency and profitability.
- The acquisition of five communities year-to-date highlights an aggressive expansion strategy, which may lead to financial strain or overextension if the company fails to manage these new investments effectively.
FAQ
What is the recent acquisition by UMH Properties?
UMH Properties acquired a manufactured home community in Albany, Georgia for $2.6 million, containing 130 developed homesites.
How many homesites are occupied in Albany Dunes?
Currently, 32% of the homesites in Albany Dunes are occupied, with 42 out of 130 sites filled.
What is the total purchase price for the communities acquired this year?
Year-to-date, UMH Properties has acquired five communities for a total purchase price of $41.7 million.
What is the strategy for Albany Dunes community?
UMH plans to implement upgrades at Albany Dunes to increase occupancy rates and enhance property value over time.
In how many states does UMH Properties operate?
UMH Properties operates in multiple states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, and Georgia, among others.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$UMH Insider Trading Activity
$UMH insiders have traded $UMH stock on the open market 14 times in the past 6 months. Of those trades, 2 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $UMH stock by insiders over the last 6 months:
- WILLIAM EDWARD MITCHELL has made 0 purchases and 5 sales selling 285,501 shares for an estimated $4,790,292.
- SAMUEL A LANDY (President and CEO) has made 0 purchases and 5 sales selling 127,800 shares for an estimated $2,077,676.
- MICHAEL P LANDY purchased 10,000 shares for an estimated $144,600
- AMY LYNN BUTEWICZ sold 2,800 shares for an estimated $47,460
- ANGELA D. PRUITT sold 1,600 shares for an estimated $25,695
- TODD J. CLARK purchased 527 shares for an estimated $7,502
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$UMH Hedge Fund Activity
We have seen 111 institutional investors add shares of $UMH stock to their portfolio, and 96 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 783,060 shares (+14.7%) to their portfolio in Q2 2025, for an estimated $13,147,577
- NUVEEN, LLC removed 485,300 shares (-47.2%) from their portfolio in Q2 2025, for an estimated $8,148,187
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 459,948 shares (+604.7%) to their portfolio in Q2 2025, for an estimated $7,722,526
- STRS OHIO added 457,200 shares (+3361.8%) to their portfolio in Q2 2025, for an estimated $7,676,388
- CAPITAL RESEARCH GLOBAL INVESTORS added 434,695 shares (+8.6%) to their portfolio in Q2 2025, for an estimated $7,298,529
- VANGUARD GROUP INC added 384,424 shares (+5.1%) to their portfolio in Q2 2025, for an estimated $6,454,478
- GOLDMAN SACHS GROUP INC added 316,281 shares (+116.7%) to their portfolio in Q2 2025, for an estimated $5,310,357
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$UMH Analyst Ratings
Wall Street analysts have issued reports on $UMH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Maxim Group issued a "Buy" rating on 05/05/2025
To track analyst ratings and price targets for $UMH, check out Quiver Quantitative's $UMH forecast page.
$UMH Price Targets
Multiple analysts have issued price targets for $UMH recently. We have seen 2 analysts offer price targets for $UMH in the last 6 months, with a median target of $17.75.
Here are some recent targets:
- Richard Anderson from Cantor Fitzgerald set a target price of $15.0 on 10/01/2025
- Michael Diana from Maxim Group set a target price of $20.5 on 05/05/2025
Full Release
FREEHOLD, NJ, Oct. 07, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH; TASE: UMH) closed on the acquisition of a manufactured home community, located in Albany, Georgia for a total purchase price of $2.6 million. This community contains 130 developed homesites, of which 32% are occupied. The community is situated on 43 acres.
Samuel A. Landy, President and Chief Executive Officer, commented, “We are pleased to complete the acquisition of Albany Dunes, further expanding our footprint in the Georgia market. This community is less than two miles from our Opportunity Zone Fund’s existing Georgia community, Mighty Oak, which should create efficiencies in our operation and result in greater profitability.”
“Albany Dunes is a value-add community that contains 130 sites, of which 42 are currently occupied. We will implement our typical business plan of upgrading the community, which should result in growing occupancy rates and property level value over time.”
“Year-to-date, we have completed the acquisition of five communities, containing 587 sites, for a total purchase price of $41.7 million. We continue to evaluate acquisition opportunities and anticipate a growing acquisition pipeline as we progress throughout the remainder of the year.”
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 145 manufactured home communities, containing approximately 27,000 developed homesites, of which 10,800 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 145 communities are two communities in Florida, containing 363 sites, and one community in Pennsylvania, containing 113 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate.
Contact: Nelli Madden
732-577-9997
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