UMH Properties traded at $15.20 this Thursday May 14th, decreasing $0.13 or 0.85 percent since the previous trading session. Looking back, over the last four weeks, UMH Properties lost 0.65 percent. Over the last 12 months, its price fell by 10.80 percent. Looking ahead, we forecast UMH Properties to be priced at 15.49 by the end of this quarter and at 14.55 in one year, according to Trading Economics global macro models projections and analysts expectations.
UMH Properties, Inc. (UMH) is a real estate investment trust (REIT). The Company's primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F), conducts manufactured home sales in its communities. The Company owns around 126 manufactured home communities consisting of approximately 23,700 developed homesites. The communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama and South Carolina. In connection with the operation of its communities, UMH also leases homes to prospective tenants. These rental homes are owned by the Company and rented to residents.