Notable Mover: Is Buying UDR, Inc. Here a Winning Strategy?

Notable Mover: Is Buying UDR, Inc. Here a Winning Strategy?

The stock of UDR, Inc. (NYSE:UDR) is a huge mover today! About 358,631 shares traded hands. UDR, Inc. (NYSE:UDR) has declined 8.42% since April 11, 2016 and is downtrending. It has underperformed by 14.56% the S&P500.
The move comes after 9 months positive chart setup for the $8.88B company. It was reported on Nov, 11 by Barchart.com. We have $48.72 PT which if reached, will make NYSE:UDR worth $3.82 billion more.

UDR, Inc. (NYSE:UDR) Ratings Coverage

Out of 19 analysts covering UDR Inc (NYSE:UDR), 2 rate it a “Buy”, 3 “Sell”, while 14 “Hold”. This means 11% are positive. UDR Inc has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Credit Suisse on Thursday, August 20 to “Underperform”. JMP Securities initiated UDR, Inc. (NYSE:UDR) on Tuesday, September 15 with “Market Outperform” rating. The company was downgraded on Monday, November 9 by Miller Tabak. RBC Capital Markets maintained the shares of UDR in a report on Monday, August 3 with “Sector Perform” rating. The stock of UDR, Inc. (NYSE:UDR) has “Hold” rating given on Wednesday, September 2 by Zacks. Robert W. Baird downgraded it to “Neutral” rating and $37 target price in Thursday, December 17 report. On Tuesday, October 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. BB&T Capital initiated it with “Underweight” rating and $36.50 target price in Tuesday, November 10 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, November 9. BMO Capital Markets downgraded UDR, Inc. (NYSE:UDR) rating on Tuesday, October 25. BMO Capital Markets has “Market Perform” rating and $35 price target.

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 dived, 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.
Harrison Street Limited Liability Company last reported 2.31% of its portfolio in the stock. Signature Inc last reported 0.49% of its portfolio in the stock. Moreover, Creative Planning has 0% invested in UDR, Inc. (NYSE:UDR) for 2,393 shares. Symphony Asset Management Limited Liability Corp last reported 0.05% of its portfolio in the stock. Alliancebernstein Lp has invested 0.02% of its portfolio in UDR, Inc. (NYSE:UDR). Clean Yield Group last reported 0.02% of its portfolio in the stock. Moreover, Bartlett & Ltd Limited Liability Company has 0% invested in UDR, Inc. (NYSE:UDR) for 432 shares. Joel Isaacson And Limited, a New York-based fund reported 672 shares. Bb&T Securities Ltd Co, a Virginia-based fund reported 22,284 shares. Gsa Capital Prtnrs Llp accumulated 31,760 shares or 0.06% of the stock. Moreover, Cornerstone Advsrs has 0.01% invested in UDR, Inc. (NYSE:UDR) for 151 shares. Pacific Heights Asset Limited Liability Corporation has 1.51% invested in the company for 450,000 shares. Ncm Cap Advisers Inc accumulated 0.02% or 220 shares. State Of Wisconsin Investment Board last reported 0.04% of its portfolio in the stock. Moreover, Guardian Life Insur Co Of America has 0% invested in UDR, Inc. (NYSE:UDR) for 995 shares.

Insider Transactions: Since May 19, 2016, the stock had 4 insider buys, and 2 sales for $581,655 net activity. $550,500 worth of UDR, Inc. (NYSE:UDR) shares were sold by Troupe Warren L. Another trade for 3,000 shares valued at $103,608 was made by McDonnough Clinton D on Friday, September 9. 7,500 shares were sold by ALCOCK HARRY G, worth $277,253 on Thursday, August 4. KLINGBEIL JAMES D also bought $1,010 worth of UDR, Inc. (NYSE:UDR) shares.

More recent UDR, Inc. (NYSE:UDR) news were published by: Nasdaq.com which released: “Is UDR Inc. (UDR) Poised for a Beat This Earnings Season?” on October 21, 2016. Also Zacks.com published the news titled: “Why UDR, Inc. (UDR) Might Surprise This Earnings Season” on October 21, 2016. Streetinsider.com‘s news article titled: “UDR, Inc. (UDR) Reports In-Line Q3 EPS, Offers FY Guidance” with publication date: October 25, 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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