Vanguard Trims UMH Properties Stake to 11.8%

TL;DR

**Vanguard just cut its stake in UMH Properties to 11.8%, watch for minor market reaction.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, disclosing its ownership in UMH Properties Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 7,006,234 shares of UMH Properties' Common Stock, representing 11.8% of the company. This filing indicates a slight decrease in Vanguard's stake from its previous disclosure, which could signal a minor shift in institutional confidence for investors in UMH Properties.

Why It Matters

This filing shows a slight reduction in Vanguard's ownership, which could be interpreted by investors as a minor decrease in institutional confidence in UMH Properties, potentially influencing stock sentiment.

Risk Assessment

Risk Level: low — The change in ownership is a routine institutional disclosure and does not indicate a significant or sudden shift in the company's fundamentals.

Analyst Insight

A smart investor would note Vanguard's slight reduction in stake but recognize it's a minor adjustment, not a major divestment. It warrants continued monitoring of UMH Properties' fundamentals and future institutional filings rather than an immediate reaction.

Key Numbers

• 7,006,234 — Shares Beneficially Owned (Represents Vanguard's total holding in UMH Properties Inc. as of December 29, 2023.)
• 11.8% — Percentage of Class (Indicates Vanguard's significant, but slightly reduced, ownership stake in UMH Properties Inc.)
• 8 — Amendment Number (Shows this is the eighth amendment to Vanguard's Schedule 13G filing for UMH Properties, indicating ongoing adjustments to their position.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• UMH Properties Inc. (company) — subject company, a Real Estate Investment Trust
• 7,006,234 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 11.8% (dollar_amount) — percentage of UMH Properties' Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• UMH Properties' stock price will experience minor volatility due to this disclosure. (UMH Properties Inc.) — medium confidence, target: 2024-02-14
• Other institutional investors may review their positions in UMH Properties in light of Vanguard's adjustment. (Institutional Investors) — low confidence, target: 2024-03-13

FAQ

Filing Documents

• tv02146-umhpropertiesinc.htm (SC 13G/A) — 11KB
• 0001104659-24-022168.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: UMH Properties Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: Juniper Business Plaza, 3499 Route 9 North, Suite 3C Freehold, NJ 07728

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 903002103

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR