As investors await the Aug. 4, 2016 earnings report from manufactured housing community (MHC) owner UMH Properties, Inc. (NYSE:UMH), the stock has hit a new 52-week high at $11.25, with a target of $26.10, a 132% increase. If that is reached, that will add $405.09M to the $306.89M valuation of the company.

A 52-week high is an important milestone because it shows positive momentum that attracts buyers, according to what englewooddaily tells MHProNews.

UMH stock closed up +1.53 percent in yesterday’s session at $11.25, as MHProNews reported here in its daily stock report June 30, with 186,838 shares trading hands, 80.60% up from the average. UMH has risen 18.67 percent since Nov. 24, 2015, and has outperformed the S&P by 19.43%.

UMH currently owns and operates 98 MHCs comprised of 17,800 developed homesites. The company also owns a portfolio of REIT (real estate investment trust) securities. ##

(Photo credit: UMH Properties, Inc.)

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