Umh Properties, Inc. (UMH) Files Form 4 Insider Buying : Real Estate Investmen Monmouth Buys 10,000 Shares

Umh Properties, Inc. (UMH): Real Estate Investmen Monmouth , other of Umh Properties, Inc. purchased 10,000 shares on May 27, 2016. The Insider buying transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $9.93 per share for a total value of $99,336.41 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Matthew I Hirsch (director) purchased 1,053 shares at $9.50 per share price.On May 17, 2016, Eugene W Landy (Chairman of the Board) purchased 1,000 shares at $9.89 per share price.Also, On May 13, 2016, James E Mitchell (director) purchased 5,000 shares at $9.85 per share price.On May 10, 2016, Craig Koster (General Counsel) purchased 500 shares at $9.94 per share price.

Shares of UMH Properties Inc (UMH) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.1 points or -1.01% at $9.78 with 38,379 shares getting traded. Post opening the session at $9.83, the shares hit an intraday low of $9.74 and an intraday high of $9.83 and the price vacillated in this range throughout the day. The company has a market cap of $266 M and the number of outstanding shares has been calculated to be 2,72,29,955 shares. The 52-week high of UMH Properties Inc is $10.79 and the 52-week low is $9.

UMH Properties Inc Money Flow Index Chart

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.

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