UMH Properties Insider Landy Files No Material Change 13D/A

TL;DR

**Landy's UMH stake is stable, no big moves here.**

AI Summary

Eugene W. Landy, a significant insider at UMH Properties, Inc., filed an Amendment No. 41 to his Schedule 13D on January 30, 2024. This filing indicates an "ANNUAL REPORT -- NO MATERIAL CHANGE," meaning Landy's beneficial ownership of UMH Properties Common Stock has not significantly changed since his last filing. This matters to investors because it signals stability in the holdings of a key insider, suggesting no immediate major shifts in his investment strategy or control over the company.

Why It Matters

This filing reassures investors that a major insider's stake in UMH Properties remains stable, indicating no immediate sell-off or significant accumulation that could signal a change in company outlook.

Risk Assessment

Risk Level: low — The filing explicitly states "NO MATERIAL CHANGE," indicating a low risk of unexpected insider activity impacting the stock.

Analyst Insight

Investors should note the stability of this key insider's holdings, but recognize this filing provides no new catalysts or concerns regarding UMH Properties, Inc. It's business as usual from this perspective.

Key Players & Entities

• Eugene W. Landy (person) — Reporting Person, insider at UMH Properties, Inc.
• UMH PROPERTIES, INC. (company) — Issuer of the securities
• January 30, 2024 (date) — Date of Event Which Requires Filing this Statement
• Amendment No. 41 (dollar_amount) — Specific amendment number to the Schedule 13D

FAQ

Filing Documents

• formsc13da.htm (SC 13D/A) — 95KB
• 0001493152-24-004289.txt ( ) — 96KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 41 )* UMH PROPERTIES, INC. Formerly United Mobile Homes, Inc. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 903002103 (CUSIP Number) Eugene W. Landy, Esq. Juniper Business Plaza, Suite 3-C 3499 Route 9 North Freehold, New Jersey 07728 732-577-9997 (Name, address and telephone number of Person Authorized To Receive Notices and Communications) January 30, 2024 (Date of Event Which Requires Filing this Statement) ANNUAL REPORT -- NO MATERIAL CHANGE If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this statement, and is filing this statement because of Rule 13d-1(b)(3) or (4), check the following: *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be needed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 903002103 Page 2 of 6 1. Name of Reporting Person, S.S. or I.R.S. Identification No. of Reporting Person: Eugene W. Landy S.S. # On File 2. Check appropriate box if member of a group: a) b) 3. SEC Use Only 4. Source of Funds: PF 5. Check if Disclosure of Legal Proceedings is Required pursuant to Items 2(d) or 2(e): 6. Citizen or Place of Organization: Citizen of U.S.A. Number of Shares Beneficially Owned by Reporting Person 7. Sole Voting Power 894,865.932 Number of Shares 8. Shared Voting Power 401,455.708 Beneficially Owned by 9. Sole Dispositive Power 894,865.932 Reporting Person 10. Shared Dispositive Power 401,455.708 11. Aggregate Amount Beneficially Owned by Reporting Person: 1,296,321.64 shares 12. Check if the Aggregate Amount in Row (11) excludes Certain Shares: 13. Percent of Class Represented by Amount in Row (11): 1.89% 14. Type of Reporting Person: IN CUSIP No. 903002103 Page 3 of 6 ITEM 1. SECURITY AND ISSUER Common Stock issued by UMH Properties, Inc. (formerly United Mobile Homes, Inc.), Juniper Business Plaza, Suite 3-C, 3499 Route 9 North, Freehold, New Jersey 07728. ITEM 2. IDENTITY AND BACKGROUND (a) The person filing this statement is Eugene W. Landy. (b) Mr. Landy’s business address is Juniper Business Plaza, Suite 3-C, 3499 Route 9 North, Freehold, New Jersey 07728. (c) Mr. Landy’s present principal occupation is an attorney; Chairman of the Board of Monmouth Real Estate Investment Corporation (formerly Monmouth Real Estate Investment Trust); and Chairman of the Board of UMH Properties, Inc. (formerly United Mobile Homes, Inc.). (d) Mr. Landy has not been convicted in a criminal proceeding during the past five years. (e) Mr. Landy, has not, during the past five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities (f) Mr. Landy is a United States citizen. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Answers to this Item 3 for Mr. Landy are set forth above. CUSIP No. 903002103 Page 4 of 6 ITEM 4. PURPOSE OF TRANSACTION Common Stock of UMH Properties, Inc. (formerly United Mobile Homes, Inc. was acquired for investment purposes. The acquisition involves no change of control of UMH Properties, Inc. (formerly United Mobile Homes, Inc.). Eugene W. Landy is Chairman of the Board, Director and Founder. Therefore, Item 4 is somewhat inapplicable. Mr. Landy has no plans for the following: (a) The acquisition by any person or additional securities of the issuer, or the disposition of securities of the issuer; except that purchases of UMH Properties, Inc. (formerly United Mobile Homes, Inc.) common stock may be made under the UMH Properties, Inc. (formerly United Mobile Homes, Inc.) Dividend Reinvestment and Stock Purchase Plan; (b) the extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material

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