Wealthtrust Axiom buys $1,488,132 stake in UMH Properties Inc (UMH)

UMH Properties Inc (UMH) : Wealthtrust Axiom scooped up 8,559 additional shares in UMH Properties Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 121,978 shares of UMH Properties Inc which is valued at $1,488,132.UMH Properties Inc makes up approximately 0.56% of Wealthtrust Axiom’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in UMH by selling 915 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 43,452 shares of UMH which is valued at $530,114. Arcadia Investment Management Corpmi added UMH to its portfolio by purchasing 2,700 company shares during the most recent quarter which is valued at $33,291. UMH Properties Inc makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio.Cutler Group Lp reduced its stake in UMH by selling 496 shares or 29.25% in the most recent quarter. The Hedge Fund company now holds 1,200 shares of UMH which is valued at $14,784. Bnp Paribas Arbitrage Sa added UMH to its portfolio by purchasing 956 company shares during the most recent quarter which is valued at $12,084.

UMH Properties Inc opened for trading at $12.22 and hit $12.4 on the upside on Friday, eventually ending the session at $12.36, with a gain of 0.65% or 0.08 points. The heightened volatility saw the trading volume jump to 81,079 shares. Company has a market cap of $337 M.

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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