As of the close of the second quarter, 2016, Boulegeris Investments bought 248,865 shares of manufactured home community owner UMH Properties, Inc. (NYSE:UMH), according to tradecalls, and now owns 1,285,191 shares valued at $15,833,553. UMH comprises 10.47 percent of Boulegeris’ portfolio.

Another hedge fund, Creative Planning, upped its stake in UMH, adding 2,049 shares and now with 2,149 shares with a value of $26,476. Bnp Paribas Arbitrage Sa added UMH to its portfolio by acquiring 956 shares in the recent Q2, 2016 valued at $12,084.

In addition, Director Matthew I. Hirsch purchased 851 shares for $10,000.

MHProNews knows UMH is a real estate investment trust (REIT) that owns and operates 98 manufactured home communities (MHCs) in seven states east of the Mississippi, comprised of 17,800 developed home sites.

For MHProNews Daily Stock Report of UMH stock July 20, click here. ##

(Photo credit: UMH Properties, Inc.)

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