Revenue Update on UDR(NYSE:UDR)

UDR(NYSE:UDR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $238.79M. Analysts estimated a revenue of $235.76M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.44.

In a different note, On May 26, 2016, KeyBanc said it Downgrades its rating on UDR. The shares have been rated ‘Sector Weight’ by the firm.

UDR (UDR) made into the market gainers list on Fridays trading session with the shares advancing 1.83% or 0.67 points. Due to strong positive momentum, the stock ended at $37.23, which is also near the day’s high of $37.58. The stock began the session at $36.57 and the volume stood at 19,45,741 shares. The 52-week high of the shares is $38.61 and the 52 week low is $30.03. The company has a current market capitalization of $9,943 M and it has 26,70,57,650 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, James D Klingbeil (director) purchased 30 shares at $33.68 per share price.Also, On May 23, 2016, Clinton D Mcdonnough (director) purchased 2,000 shares at $35.09 per share price.On Apr 13, 2016, Jon A Grove (director) sold 10,000 shares at $36.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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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