In a filing, UMH Properties Inc revealed its Director Conway Kiernan acquired Company’s shares for reported $52482.0 on Aug 15 ’24. In the deal valued at $19.44 per share,2,700 shares were bought.
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Then, Conway Kiernan sold 2,700 shares, generating $52,758 in total proceeds. Upon selling the shares at $19.54, the Director now owns 412 shares.
Before that, LANDY MICHAEL P bought 4,700 shares. UMH Properties Inc shares valued at $72,615 were divested by the Director at a price of $15.45 per share. As a result of the transaction, LANDY MICHAEL P now holds 341,796 shares, worth roughly $6.63 million.
Alliance Global Partners initiated its UMH Properties Inc [UMH] rating to a Buy in a research note published on July 18, 2024; the price target was $21. Wolfe Research revised its rating on July 12, 2023. It rated UMH as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of UMH
On Friday, UMH Properties Inc [NYSE:UMH] saw its stock jump 0.31% to $19.40. Over the last five days, the stock has gained 1.15%. UMH Properties Inc shares have risen nearly 26.63% since the year began. Nevertheless, the stocks have risen 28.73% over the past one year. While a 52-week high of $19.70 was reached on 08/14/24, a 52-week low of $13.26 was recorded on 02/28/24. SMA at 50 days reached $16.99, while 200 days put it at $15.66.
Levels Of Support And Resistance For UMH Stock
The 24-hour chart illustrates a support level at 19.24, which if violated will result in even more drops to 19.08. On the upside, there is a resistance level at 19.48. A further resistance level may holdings at 19.56. The Relative Strength Index (RSI) on the 14-day chart is 75.95, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.57%. Stochastics%K at 88.15% indicates the stock is a selling.
How much short interest is there in UMH Properties Inc?
A steep rise in short interest was recorded in UMH Properties Inc stocks on 2024-07-31, dropping by -0.13 million shares to a total of 0.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.87 million shares. There was a decline of -17.82%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 13, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $19 price target.
