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

UDR (UDR) : Kempen Capital Management N.v. reduced its stake in UDR by 4.96% during the most recent quarter end. The investment management company now holds a total of 615,844 shares of UDR which is valued at $22,669,218 after selling 32,141 shares in UDR , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.UDR makes up approximately 2.54% of Kempen Capital Management N.v.’s portfolio.

Other Hedge Funds, Including , Meiji Yasuda Asset Management Co Ltd. boosted its stake in UDR in the latest quarter, The investment management firm added 18,870 additional shares and now holds a total of 29,449 shares of UDR which is valued at $1,084,018. UDR makes up approx 0.15% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Advantus Capital Management Inc reduced its stake in UDR by selling 389,811 shares or 56.68% in the most recent quarter. The Hedge Fund company now holds 297,869 shares of UDR which is valued at $10,964,558. UDR makes up approx 0.31% of Advantus Capital Management Inc’s portfolio.Sg Americas Securities boosted its stake in UDR in the latest quarter, The investment management firm added 51,524 additional shares and now holds a total of 147,611 shares of UDR which is valued at $5,460,131. UDR makes up approx 0.04% of Sg Americas Securities’s portfolio. Conning added UDR to its portfolio by purchasing 5,600 company shares during the most recent quarter which is valued at $201,880. UDR makes up approx 0.01% of Conning’s portfolio.

UDR opened for trading at $35.99 and hit $36.41 on the upside on Monday, eventually ending the session at $36.17, with a gain of 0.86% or 0.31 points. The heightened volatility saw the trading volume jump to 13,95,734 shares. Company has a market cap of $9,659 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. 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 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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