November 29, 2016 - By Winifred Garcia · 0 Comments
Udr Inc (NYSE:UDR) institutional sentiment decreased to 0.96 in 2016 Q2. Its down -0.04, from 1 in 2016Q1. The ratio has dropped, as 137 active investment managers increased and started new equity positions, while 137 reduced and sold their stock positions in Udr Inc. The active investment managers in our partner’s database now own: 266.03 million shares, up from 261.17 million shares in 2016Q1. Also, the number of active investment managers holding Udr Inc in their top 10 equity positions increased from 3 to 4 for an increase of 1. Sold All: 27 Reduced: 110 Increased: 109 New Position: 28.
UDR, Inc. is a real estate investment trust. The company has a market cap of $9.27 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 262.45 P/E ratio. The Firm operates through two divisions: Same-Store Communities and Non-Mature Communities/Other.
About 961,582 shares traded hands. UDR, Inc. (NYSE:UDR) has declined 5.62% since April 26, 2016 and is downtrending. It has underperformed by 10.88% the S&P500.
Analysts await UDR, Inc. (NYSE:UDR) to report earnings on February, 7. They expect $0.46 EPS, up 9.52% or $0.04 from last year’s $0.42 per share. UDR’s profit will be $125.01M for 18.54 P/E if the $0.46 EPS becomes a reality. After $0.45 actual EPS reported by UDR, Inc. for the previous quarter, Wall Street now forecasts 2.22% EPS growth.
According to Zacks Investment Research, “United Dominion Realty Trust, Inc. is a leading multi-family real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. UDR has delivered long-term value to shareholders, the best standard of service to residents, and the highest quality experience for associates.”
Cohen & Steers Inc holds 4.17% of its portfolio in UDR, Inc. for 43.33 million shares. Daiwa Securities Group Inc. owns 16.91 million shares or 3.73% of their US portfolio. Moreover, Kempen Capital Management N.V. has 2.68% invested in the company for 615,844 shares. The Pennsylvania-based Cbre Clarion Securities Llc has invested 2.57% in the stock. Iat Reinsurance Co Ltd., a New York-based fund reported 100,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider buys, and 2 selling transactions for $651,835 net activity.
Ratings analysis reveals 16% of UDR Inc’s analysts are positive. Out of 19 Wall Street analysts rating UDR Inc, 3 give it “Buy”, 3 “Sell” rating, while 13 recommend “Hold”. The lowest target is $35 while the high is $42. The stock’s average target of $37.97 is 11.32% above today’s ($34.11) share price. UDR was included in 34 notes of analysts from July 21, 2015. The stock has “Buy” rating given by BTIG Research on Thursday, August 25. The rating was upgraded by Credit Suisse on Tuesday, October 27 to “Neutral”. Citigroup maintained UDR, Inc. (NYSE:UDR) rating on Tuesday, August 2. Citigroup has “Neutral” rating and $38 price target. On Tuesday, October 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. Robert W. Baird downgraded UDR, Inc. (NYSE:UDR) rating on Thursday, December 17. Robert W. Baird has “Neutral” rating and $37 price target. The firm has “Outperform” rating given on Monday, March 7 by BMO Capital Markets. The rating was downgraded by BMO Capital Markets on Tuesday, October 25 to “Market Perform”. The firm has “Neutral” rating by Mizuho given on Monday, March 21. As per Tuesday, January 19, the company rating was downgraded by JMP Securities. The firm earned “Sector Perform” rating on Thursday, February 11 by RBC 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.
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By Winifred Garcia