MHProNews has learned from insidertradingreport that UMH Properties, Inc. (NYSE:UMH) director Matthew I Hirsch purchased 1,053 shares of the company, a transaction disclosed Nov. 17, 2015 to the Securities and Exchange Commission. Mr Hirsch acquired the shares at $9.50 per share for a total transaction of $9,999.99.

UMH shares have fallen 3.61 percent in the past year. The company has a 52-week high of $10.64, a 52-week low share price of $9.01 and a market cap of $253 million. In today’s trading, UMH slipped -0.21 percent to close at $9.35.

Company insiders own 12.27 percent of UMH shares and institutional investors own 40.67 percent. As MHProNews posted Nov. 14, 2015, UMH Chairman Eugene W. Landy purchased 5,000 shares at $9.92 per share for a net value of $49,652.62.

A publicly traded real estate investment trust (REIT), the company owns 98 manufactured home communities (MHCs) with 17,800 home sites in seven states east of the Mississippi, and also owns a portfolio of REIT securities. UMH leases home sites to owners of manufactured homes, and also leases and sells manufactured homes through UMH Sales and Finance, Inc. ##

(Photo credit: UMH Properties, Inc.)

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