Kempen Capital Management N.v. Lowers stake in UDR (UDR)

UDR (UDR) : Kempen Capital Management N.v. reduced its stake in UDR by 3.44% during the most recent quarter end. The investment management company now holds a total of 647,985 shares of UDR which is valued at $23.5 Million after selling 23,089 shares in UDR , the firm said in a disclosure report filed with the SEC on May 12, 2016.UDR makes up approximately 2.74% of Kempen Capital Management N.v.’s portfolio.

Other Hedge Funds, Including , Signaturefd boosted its stake in UDR in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 127 shares of UDR which is valued at $4,608.Cornerstone Capital Management Holdings. boosted its stake in UDR in the latest quarter, The investment management firm added 44,925 additional shares and now holds a total of 257,984 shares of UDR which is valued at $9.4 Million. UDR makes up approx 0.08% of Cornerstone Capital Management Holdings.’s portfolio. Artemis Investment Management Llp sold out all of its stake in UDR during the most recent quarter. The investment firm sold 19,686 shares of UDR which is valued $714,208.Global X Management Co boosted its stake in UDR in the latest quarter, The investment management firm added 1,533 additional shares and now holds a total of 1,720 shares of UDR which is valued at $63,485.Markston International reduced its stake in UDR by selling 43,400 shares or 10.6% in the most recent quarter. The Hedge Fund company now holds 365,888 shares of UDR which is valued at $13.5 Million. UDR makes up approx 1.28% of Markston International’s portfolio.

UDR opened for trading at $35.5 and hit $35.605 on the upside on Friday, eventually ending the session at $35.52, with a gain of 0.62% or 0.22 points. The heightened volatility saw the trading volume jump to 15,52,129 shares. Company has a market cap of $9,489 M.

On the company’s financial health, UDR reported $0.43 EPS for the quarter, based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus estimate of $0.43. The company had revenue of $234.82 million for the quarter, compared to analysts expectations of $234.51 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on UDR. UDR was Downgraded by Mizuho to ” Neutral” on Mar 21, 2016.

UDR Inc. is a self-administered real estate investment trust (REIT). The Company owns operates acquires renovates develops redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other. The Company’s Same-Store Communities segment includes the communities that were acquired developed and stabilized prior to January 1 2013 and held as of December 31 2014. The Company’s Non-Mature Communities/Other segment represents the acquired developed and redeveloped communities and the non-apartment components of mixed use properties which do not meet the criteria to be included in the Same-Store Communities segment. As of December 31 2014 the Company’s consolidated real estate portfolio included 139 communities located in 20 markets with a total of 39851 completed apartment homes.

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