Daiwa Securities Group buys $609,658,133 stake in UDR (UDR)

UDR (UDR) : Daiwa Securities Group scooped up 3,810,916 additional shares in UDR during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 16,911,460 shares of UDR which is valued at $609,658,133.UDR makes up approximately 3.65% of Daiwa Securities Group’s portfolio.

Other Hedge Funds, Including , Sanders Morris Harris reduced its stake in UDR by selling 22,856 shares or 47.61% in the most recent quarter. The Hedge Fund company now holds 25,155 shares of UDR which is valued at $906,838. UDR makes up approx 0.23% of Sanders Morris Harris’s portfolio. Mechanics Bank Trust Department sold out all of its stake in UDR during the most recent quarter. The investment firm sold 6,372 shares of UDR which is valued $234,744.Verus Financial Partners boosted its stake in UDR in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 11,837 shares of UDR which is valued at $431,695. UDR makes up approx 0.19% of Verus Financial Partners’s portfolio.Sarasin Partners Llp reduced its stake in UDR by selling 1,971 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 181,178 shares of UDR which is valued at $6,607,562. UDR makes up approx 0.11% of Sarasin Partners Llp’s portfolio.

UDR opened for trading at $36.57 and hit $37.58 on the upside on Friday, eventually ending the session at $37.23, with a gain of 1.83% or 0.67 points. The heightened volatility saw the trading volume jump to 19,45,741 shares. Company has a market cap of $9,943 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. 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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