Umh Properties, Inc. (UMH): Craig Koster , General Counsel of Umh Properties, Inc. purchased 500 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $9.94 per share for a total value of $4,967.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, Matthew I Hirsch (director) purchased 1,067 shares at $9.38 per share price.On Apr 6, 2016, James E Mitchell (director) purchased 5,000 shares at $25.50 per share price.Also, On Nov 20, 2015, Eugene W Landy (Chairman of the Board) purchased 5,000 shares at $9.43 per share price.On Oct 21, 2015, Real Estate Investmen Monmouth (other) purchased 100,000 shares at $25.00 per share price.
UMH Properties Inc: On Friday, May 6, 2016 heightened volatility was witnessed in UMH Properties Inc which led to swings in the share price. The shares opened for trading at $9.81 and hit $9.92 on the upside , eventually ending the session at $9.84, with a gain of 0.41% or 0.04 points. The heightened volatility saw the trading volume jump to 70,612 shares. The 52-week high of the share price is $10.79 and the company has a market cap of $267 M . The 52-week low of the share price is at $9.
On Apr 4, 2016, UMH Properties Inc announced a cash dividend of $0.1800. The company’s management has announced May 12, 2016 as the ex-dividend date and fixed the record date on May 16, 2016. The payable date has been fixed on Jun 15, 2016.
Company has been under the radar of several Street Analysts.UMH Properties Inc is Upgraded by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $10 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Mar 11, 2016.
UMH Properties Inc. is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities leasing manufactured home sites on a month-to-month basis or year-to-year basis to private manufactured home owners. It also leases homes to residents and through its subsidiary UMH Sales and Finance Inc. (S&F) it sells homes to residents and prospective residents of its communities. It owns and operates around 98 manufactured home communities with approximately 17800 developed homesites. Its communities are located in New Jersey New York Ohio Pennsylvania Tennessee Indiana and Michigan. In addition the Company owns a portfolio of REIT securities. The Company’s subsidiaries include Allentown Mobile City Associates LP Brookview LP Heather Highlands Mobile Home Village Associates LP Kinnebrook Mobile Home Associates LP Oxford Village Homes LLC and Oxford Village Ltd.