Daiwa Securities Group buys $475.3 Million stake in UDR (UDR)

UDR (UDR) : Daiwa Securities Group scooped up 1,417,859 additional shares in UDR during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 13,100,544 shares of UDR which is valued at $475.3 Million.UDR makes up approximately 3.10% of Daiwa Securities Group’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp boosted its stake in UDR in the latest quarter, The investment management firm added 25,209 additional shares and now holds a total of 562,684 shares of UDR which is valued at $20.4 Million. UDR makes up approx 0.05% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Teacher Retirement System Of Texas boosted its stake in UDR in the latest quarter, The investment management firm added 63,052 additional shares and now holds a total of 254,237 shares of UDR which is valued at $9.2 Million. UDR makes up approx 0.06% of Teacher Retirement System Of Texas’s portfolio.Manufacturers Life Insurance Company The reduced its stake in UDR by selling 63,276 shares or 18.12% in the most recent quarter. The Hedge Fund company now holds 286,004 shares of UDR which is valued at $10.4 Million. UDR makes up approx 0.02% of Manufacturers Life Insurance Company The’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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