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Wedbush gives a Neutral recommendation for UMH Properties Inc (UMH)

UMH Properties Inc’s filing revealed that its EVP and COO Taft Brett unloaded Company’s shares for reported $0.16 million on Apr 03 ’24. In the deal valued at $15.91 per share,9,800 shares were sold. As a result of this transaction, Taft Brett now holds 97,049 shares worth roughly $1.55 million.

Then, Carus Jeffrey A bought 99 shares, generating $1,500 in total proceeds. Upon buying the shares at $15.12, the Director now owns 509 shares.

Before that, LANDY EUGENE W sold 1,108 shares. UMH Properties Inc shares valued at $18,005 were divested by the Chairman at a price of $16.25 per share. As a result of the transaction, LANDY EUGENE W now holds 893,758 shares, worth roughly $14.23 million.

Wolfe Research also remained covering UMH and has decreased its forecast on July 12, 2023 with a “Peer perform” recommendation from previously “an Outperform” rating. Wolfe Research started covering the stock on October 13, 2022. It rated UMH as “an Outperform”.

Price Performance Review of UMH

On Tuesday, UMH Properties Inc [NYSE:UMH] saw its stock fall -0.06% to $15.92. Over the last five days, the stock has gained 2.12%. UMH Properties Inc shares have risen nearly 3.92% since the year began. Nevertheless, the stocks have risen 4.74% over the past one year. While a 52-week high of $16.85 was reached on 04/09/24, a 52-week low of $13.26 was recorded on 02/28/24. SMA at 50 days reached $15.61, while 200 days put it at $15.04. A total of 0.38 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For UMH Stock

The 24-hour chart illustrates a support level at 15.74, which if violated will result in even more drops to 15.57. On the upside, there is a resistance level at 16.14. A further resistance level may holdings at 16.36. The Relative Strength Index (RSI) on the 14-day chart is 56.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.45%. Stochastics %K at 66.94% indicates the stock is a holding.

The most recent change occurred on January 19, 2022 when Colliers Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $26 price target.

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