UDR (UDR) : Cbre Clarion Securities reduced its stake in UDR by 20.8% during the most recent quarter end. The investment management company now holds a total of 8,875,146 shares of UDR which is valued at $326,694,124 after selling 2,330,232 shares in UDR , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.UDR makes up approximately 2.52% of Cbre Clarion Securities’s portfolio.
Other Hedge Funds, Including , Cleararc Capital Inc reduced its stake in UDR by selling 31 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 6,475 shares of UDR which is valued at $238,345. UDR makes up approx 0.04% of Cleararc Capital Inc’s portfolio. Quantitative Investment Management sold out all of its stake in UDR during the most recent quarter. The investment firm sold 56,000 shares of UDR which is valued $2,071,440.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in UDR by selling 471 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 54,615 shares of UDR which is valued at $2,020,209. UDR makes up approx 0.03% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Herndon Capital Management added UDR to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $931.
UDR closed down -0.27 points or -0.75% at $35.95 with 11,90,483 shares getting traded on Tuesday. Post opening the session at $36.37, the shares hit an intraday low of $35.84 and an intraday high of $36.39 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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. Company shares were Upgraded by Mizuho on Aug 1, 2016 to ” Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $37 .UDR was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on May 26, 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 Companys 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 Companys 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 Companys consolidated real estate portfolio included 139 communities located in 20 markets with a total of 39851 completed apartment homes.