UMH Properties Inc (UMH) : Robotti Robert reduced its stake in UMH Properties Inc by 5.96% during the most recent quarter end. The investment management company now holds a total of 533,339 shares of UMH Properties Inc which is valued at $6,458,735 after selling 33,825 shares in UMH Properties Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.UMH Properties Inc makes up approximately 2.19% of Robotti Robert’s portfolio.
Other Hedge Funds, Including , Tower Research Capital (trc) sold out all of its stake in UMH during the most recent quarter. The investment firm sold 464 shares of UMH which is valued $5,619. Private Advisor Group added UMH to its portfolio by purchasing 32,828 company shares during the most recent quarter which is valued at $411,991. UMH Properties Inc makes up approx 0.02% of Private Advisor Group’s portfolio.Shinko Asset Management Ltd. reduced its stake in UMH by selling 200 shares or 18.18% in the most recent quarter. The Hedge Fund company now holds 900 shares of UMH which is valued at $11,079.
UMH Properties Inc opened for trading at $11.84 and hit $12 on the upside on Tuesday, eventually ending the session at $11.99, with a gain of 1.18% or 0.14 points. The heightened volatility saw the trading volume jump to 76,799 shares. Company has a market cap of $332 M.
Many Wall Street Analysts have commented on UMH Properties Inc. Company shares were Reiterated by Wunderlich on Aug 8, 2016 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .
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.