The stock of UDR, Inc. (NYSE:UDR) is a huge mover today! The stock decreased 2.08% or $0.72 on October 5, hitting $33.97. UDR, Inc. (NYSE:UDR) has declined 4.06% since March 2, 2016 and is downtrending. It has underperformed by 12.32% the S&P500.
The move comes after 6 months negative chart setup for the $9.12B company. It was reported on Oct, 6 by Barchart.com. We have $32.27 PT which if reached, will make NYSE:UDR worth $456.00 million less.
Analysts await UDR, Inc. (NYSE:UDR) to report earnings on October, 24. They expect $0.45 earnings per share, up 7.14% or $0.03 from last year’s $0.42 per share. UDR’s profit will be $120.81M for 18.87 P/E if the $0.45 EPS becomes a reality. After $0.44 actual earnings per share reported by UDR, Inc. for the previous quarter, Wall Street now forecasts 2.27% EPS growth.
UDR, Inc. (NYSE:UDR) Ratings Coverage
Out of 19 analysts covering UDR Inc (NYSE:UDR), 3 rate it a “Buy”, 3 “Sell”, while 13 “Hold”. This means 16% are positive. UDR Inc has been the topic of 32 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, September 9 by Miller Tabak. JMP Securities initiated it with “Market Outperform” rating and $37 target price in Tuesday, September 15 report. The stock has “Underperform” rating given by Bank of America on Monday, April 11. The stock has “Buy” rating given by BTIG Research on Thursday, August 25. Mizuho maintained UDR, Inc. (NYSE:UDR) rating on Friday, December 18. Mizuho has “Buy” rating and $41.0 price target. Citigroup maintained UDR, Inc. (NYSE:UDR) rating on Tuesday, August 2. Citigroup has “Neutral” rating and $38 price target. The firm has “Hold” rating by Zacks given on Wednesday, September 2. Credit Suisse downgraded the stock to “Underperform” rating in Thursday, August 20 report. The rating was maintained by RBC Capital Markets on Monday, August 3 with “Sector Perform”. On Thursday, May 26 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”.
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.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.04, from 1.04 in 2016Q1. The ratio turned negative, 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.
Citadel Ltd Liability Com last reported 91,536 shares in the company. Art Advisors Limited Company accumulated 0.1% or 55,297 shares. Fifth Third National Bank & Trust last reported 0% of its portfolio in the stock. Goldman Sachs Gru Inc accumulated 0.01% or 1.15M shares. Nuveen Asset Mgmt Limited Liability Corporation has 0.13% invested in the company for 568,220 shares. Ig Inv, a Manitoba – Canada-based fund reported 86,190 shares. Manning & Napier Advsrs Ltd Liability reported 119,840 shares or 0.03% of all its holdings. Mercer Advisers accumulated 1,504 shares or 0.05% of the stock. Proshare Advsrs has invested 0.06% of its portfolio in UDR, Inc. (NYSE:UDR). Cornerstone Inc reported 151 shares or 0.01% of all its holdings. Daiwa Secs Gp accumulated 3.73% or 16.91 million shares. The Virginia-based Davenport & Limited Liability Company has invested 0% in UDR, Inc. (NYSE:UDR). Gemmer Asset Mngmt Limited Liability Com owns 166 shares or 0% of their US portfolio. Mizuho Asset Management Coltd last reported 0.1% of its portfolio in the stock. Norinchukin National Bank The accumulated 0.01% or 5,859 shares.
Insider Transactions: Since April 12, 2016, the stock had 4 buys, and 3 insider sales for $948,880 net activity. McDonnough Clinton D also bought $71,300 worth of UDR, Inc. (NYSE:UDR) on Wednesday, August 24. Another trade for 7,500 shares valued at $277,253 was sold by ALCOCK HARRY G. Shares for $1,010 were bought by KLINGBEIL JAMES D. GROVE JON A sold 10,000 shares worth $367,225. Shares for $550,500 were sold by Troupe Warren L.
More recent UDR, Inc. (NYSE:UDR) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Glacier Bancorp, UDR and AT&T” on October 04, 2016. Also Businesswire.com published the news titled: “UDR Announces Dates for Third Quarter 2016 Earnings Release and Conference Call” on September 29, 2016. Prnewswire.com‘s news article titled: “REIT Stocks Technical Report — UDR Inc., Apartment Investment and Management …” with publication date: September 16, 2016 was also an interesting one.
UDR Company Profile
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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