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Quotes delayed 20 minutes
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Strong Buy (3.60 out of 4)
71st percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, March 28, 3:57 PM
Slide #223. UMH Properties, Inc. — Preferred Stock Offering
| Company: |
UMH Properties, Inc. (NYSE:UMH) |
| Date announced: |
10/16/2015 |
| Shares Offered: |
1,801,200 |
| Date of Pricing: |
10/16/2015 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
UMH Properties, Inc. (NYSE: UMH) (the "Company") announced the pricing of a registered direct placement of 1,801,200 shares of its 8.0% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") at an offering price of $25.00 per share. The Series B Preferred Stock is a new series of Preferred Stock which will rank on a parity with the Company's outstanding 8.25% Series A Preferred Stock (the "Series A Preferred Stock"), of which 3,663,800 shares are currently outstanding. The Company has applied to list the shares of Series B Preferred Stock on The New York Stock Exchange. The Series B Preferred Stock will have a $25.00 liquidation value per share. |
UMH Properties is a self-administered and self-managed qualified real estate investment trust (REIT). Co.'s primary business is the ownership and operation of manufactured home communities, which includes leasing manufactured home spaces on an annual or month-to-month basis to residential manufactured home owners. Co. also leases homes to residents, and through its wholly-owned REIT subsidiary, UMH Sales and Finance, Inc., sells and finances homes to residents and prospective residents of its communities. Co. also owns a portfolio of REIT securities. Co. owns and operates home communities located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. Preferreds: UMH.PRA, UMH.PRB, UMH.PRC, UMH.PRD
 Open the UMH Page at Preferred Stock Channel »
| Name: |
UMH Properties Inc |
| Website: |
www.umh.reit |
| Sector: |
REITs |
| Number of ETFs Holding UMH: |
20 (see which ones) |
| Total Market Value Held by ETFs: |
$52,379,736 |
| Total Market Capitalization: |
$400,000,000 |
| % of Market Cap. Held by ETFs: |
13.09% |
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Open the UMH Page at Preferred Stock Channel (in a new window) »
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