November 18, 2016 - By Ellis Scott · 0 Comments
The stock of Udr Incorporated (NYSE:UDR) registered an increase of 12.16% in short interest. UDR’s total short interest was 8.12M shares in November as published by FINRA. Its up 12.16% from 7.24M shares, reported previously. With 2.06M shares average volume, it will take short sellers 4 days to cover their UDR’s short positions. The short interest to Udr Incorporated’s float is 3.08%. About 439,592 shares traded hands. UDR, Inc. (NYSE:UDR) has declined 8.96% since April 18, 2016 and is downtrending. It has underperformed by 13.39% the S&P500.
UDR, Inc. is a real estate investment trust. The company has a market cap of $8.40 billion. The Firm owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. It has a 253.67 P/E ratio. The Firm operates through two divisions: Same-Store Communities and Non-Mature Communities/Other.
Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.04, from 1 in 2016Q1. The ratio dived, as 27 funds sold all UDR, Inc. shares owned while 110 reduced positions. 28 funds bought stakes while 109 increased positions. They now own 266.03 million shares or 1.86% more from 261.17 million shares in 2016Q1.
The Oregon-based Ferguson Wellman Cap Management has invested 0.03% in UDR, Inc. (NYSE:UDR). Moreover, Ig Invest Mngmt Limited has 0.01% invested in UDR, Inc. (NYSE:UDR) for 86,190 shares. Spirit Of America Mgmt New York owns 62,306 shares or 0.34% of their US portfolio. Mutual Of America Cap Limited Liability Corporation last reported 31,223 shares in the company. Dimensional Fund Advisors Lp, a Texas-based fund reported 3.48 million shares. Tiaa Cref Inv Mngmt Ltd Liability Company last reported 0.01% of its portfolio in the stock. Korea Invest last reported 286,300 shares in the company. Cypress Cap Lc (Wy) has 0% invested in the company for 378 shares. Utah Retirement owns 57,643 shares or 0.06% of their US portfolio. Spot Trading Limited accumulated 178 shares or 0% of the stock. Axa last reported 841 shares in the company. Moreover, Veritable L P has 0.02% invested in UDR, Inc. (NYSE:UDR) for 21,665 shares. Gemmer Asset Mngmt Limited Liability Co owns 166 shares or 0% of their US portfolio. Heritage Wealth Advisors, a Virginia-based fund reported 16,211 shares. M&T Natl Bank Corp has 0.02% invested in the company for 64,043 shares.
Insider Transactions: Since May 19, 2016, the stock had 3 buys, and 2 insider sales for $651,835 net activity. Another trade for 2,000 shares valued at $70,180 was bought by McDonnough Clinton D. $1,010 worth of UDR, Inc. (NYSE:UDR) shares were bought by KLINGBEIL JAMES D. Troupe Warren L sold $550,500 worth of stock. 7,500 UDR, Inc. (NYSE:UDR) shares with value of $277,253 were sold by ALCOCK HARRY G.
Out of 19 analysts covering UDR Inc (NYSE:UDR), 2 rate it a “Buy”, 3 “Sell”, while 14 “Hold”. This means 11% are positive. UDR Inc has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, August 25 by BTIG Research. RBC Capital Markets maintained it with “Sector Perform” rating and $37 target price in Thursday, February 11 report. The rating was maintained by Citigroup with “Neutral” on Tuesday, August 2. Zacks upgraded UDR, Inc. (NYSE:UDR) rating on Monday, August 17. Zacks has “Hold” rating and $39 price target. The stock of UDR, Inc. (NYSE:UDR) has “Sector Perform” rating given on Monday, November 9 by RBC Capital Markets. RBC Capital Markets maintained UDR, Inc. (NYSE:UDR) rating on Monday, August 3. RBC Capital Markets has “Sector Perform” rating and $37 price target. Mizuho maintained UDR, Inc. (NYSE:UDR) rating on Friday, December 18. Mizuho has “Buy” rating and $41.0 price target. On Monday, April 11 the stock rating was downgraded by Bank of America to “Underperform”. Credit Suisse downgraded the shares of UDR in a report on Thursday, August 20 to “Underperform” rating. The firm earned “Sector Weight” rating on Thursday, May 26 by KeyBanc Capital Markets.
UDR, Inc., incorporated on May 2, 2003, is a real estate investment trust. The Firm owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Firm operates through two divisions: Same-Store Communities and Non-Mature Communities/Other. The Company’s consolidated real estate portfolio includes approximately 130 communities located in over 20 markets, with a total of approximately 40,730 completed apartment homes. The Firm holds an ownership interest in approximately 30 communities containing over 6,700 apartment homes through unconsolidated joint ventures or partnerships.
More news for UDR, Inc. (NYSE:UDR) were recently published by: Nasdaq.com, which released: “Is UDR Inc. (UDR) Poised for a Beat This Earnings Season?” on October 21, 2016. Finance.Yahoo.com‘s article titled: “Why UDR, Inc. (UDR) Might Surprise This Earnings Season” and published on October 21, 2016 is yet another important article.
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By Ellis Scott