Stock News in Focus: UMH Properties, Inc. (NYSE: UMH)

UMH Properties, Inc. (NYSE: UMH) spotted trading -25.46% off 52-week high price. On the other end, the stock has been noted 11.67% away from the low price over the last 52-weeks. The stock changed 0.73% to recent value of $12.44. The stock transacted 96579 shares during most recent day however it has an average volume of 158.51K shares. The company has 39.77M of outstanding shares and 36.18M shares were floated in the market.

UMH Properties, Inc. (NYSE: UMH) reported that it has successfully completed the financing/refinancing of three of its communities, Southwind Village, Woodlawn Village and Oxford Village, through Wells Fargo Bank, N. A. for total proceeds of approximately $38.8 million. These Federal National Mortgage Association (Fannie Mae) mortgage loans have 10-year maturities with principal repayments based on 30-year amortization schedules. Interest on these mortgage are at 3.41%. Proceeds from these mortgages were primarily used to repay the existing 5.94% mortgages, which had a total balance of approximately $11.6 million.

Anna T. Chew, Vice President and Chief Financial Officer commented, “We are very pleased with our relationships with Wells Fargo Bank and Fannie Mae. We appreciate their continued support. These new loans demonstrate the increasing value of our communities and the financial flexibility of our company, allowing us to further execute our long-term growth strategy.”

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities with approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.

Its earnings per share (EPS) expected to touch remained -552.40% for this year while earning per share for the next 5-years is expected to reach at 10.00%. UMH has a gross margin of 49.50% and an operating margin of 14.00% while its profit margin remained -17.50% for the last 12 months.

The price moved ahead of -5.05% from the mean of 20 days, -6.83% from mean of 50 days SMA and performed -8.49% from mean of 200 days price. Company’s performance for the week was -1.27%, -6.18% for month and YTD performance remained 5.07%.

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