Pensionfund Sabic Lowers stake in UDR (UDR)

UDR (UDR) : Pensionfund Sabic reduced its stake in UDR by 43.03% during the most recent quarter end. The investment management company now holds a total of 20,519 shares of UDR which is valued at $753,458 after selling 15,500 shares in UDR according to a report filed by the company on Apr 4, 2016 with the SEC.UDR makes up approximately 0.23% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in UDR by selling 28,500 shares or 34.81% in the most recent quarter. The Hedge Fund company now holds 53,367 shares of UDR which is valued at $2 Million. UDR makes up approx 0.27% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, UDR reported $0.42 EPS for the quarter, based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $237.60 million for the quarter, compared to analysts expectations of $225.89 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on UDR. UDR was Downgraded by Mizuho to ” Neutral” on Mar 21, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $38 .UDR was Downgraded by JMP Securities to ” Mkt Perform” on Jan 19, 2016.

UDR closed down -0.95 points or -2.52% at $36.72 with 23,07,691 shares getting traded on Monday. Post opening the session at $37.31, the shares hit an intraday low of $36.71 and an intraday high of $37.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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