MHProNews has learned from insidertradingreport  Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE:UMH) purchased 5,479 shares of company stock on Aug. 17. 2015, according to a filing with the Securities and Exchange Commission. The shares were acquired at $9.12 each for a net value of $50,000.

At the present time, company insiders own 9.9 percent of UMH shares while institutional investors own 40.6 percent. The 52-week high of the stock is $10.64, while the 52-week low is $9.01. The market cap is $250 million. In today’s trading the stock closed up +1.05 percent at $9.65.

A real estate investment trust (REIT), UMH owns and operates 40 manufactured home communities (MHC) comprised of 8,900 developed home sites in five states east of the Mississippi. The company also leases and sells manufactured homes to residents. ##

(Photo credit: UMH Properties, Inc.)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.