UDR (UDR) : Sarasin Partners Llp reduced its stake in UDR by 1.46% during the most recent quarter end. The investment management company now holds a total of 178,536 shares of UDR which is valued at $6,030,946 after selling 2,642 shares in UDR , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.UDR makes up approximately 0.10% of Sarasin Partners Llp’s portfolio.
Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in UDR in the latest quarter, The investment management firm added 2,490 additional shares and now holds a total of 66,563 shares of UDR which is valued at $2,248,498. UDR makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Verus Financial Partners boosted its stake in UDR in the latest quarter, The investment management firm added 522 additional shares and now holds a total of 12,359 shares of UDR which is valued at $422,307. UDR makes up approx 0.19% of Verus Financial Partners’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in UDR by selling 1,257 shares or 4.4% in the most recent quarter. The Hedge Fund company now holds 27,343 shares of UDR which is valued at $922,553. UDR makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in UDR by selling 959 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 68,189 shares of UDR which is valued at $2,280,240. UDR makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.
UDR closed down -0.39 points or -1.14% at $33.78 with 21,50,986 shares getting traded on Friday. Post opening the session at $34.14, the shares hit an intraday low of $33.71 and an intraday high of $34.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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. Company shares were Upgraded by Mizuho on Aug 1, 2016 to ” Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $37 .
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 Companys 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 Companys 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 Companys consolidated real estate portfolio included 139 communities located in 20 markets with a total of 39851 completed apartment homes.