Stock On Watch: What’s in UDR, Inc. After Today’s Significant Decline?

Stock On Watch: What's in UDR, Inc. After Today's Significant Decline?

The stock of UDR, Inc. (NYSE:UDR) is a huge mover today! About 2.50M shares traded hands or 38.12% up from the average. UDR, Inc. (NYSE:UDR) has declined 3.13% since April 13, 2016 and is downtrending. It has underperformed by 7.06% the S&P500.
The move comes after 8 months negative chart setup for the $9.28 billion company. It was reported on Nov, 15 by Barchart.com. We have $33.01 PT which if reached, will make NYSE:UDR worth $556.80 million less.

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 maintained by Mizuho with “Buy” on Friday, December 18. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, October 25. The firm earned “Neutral” rating on Tuesday, July 21 by SunTrust. Miller Tabak downgraded the stock to “Sell” rating in Monday, November 9 report. The stock of UDR, Inc. (NYSE:UDR) earned “Buy” rating by BTIG Research on Thursday, August 25. The stock has “Market Perform” rating given by Cowen & Co on Tuesday, January 12. On Thursday, August 20 the stock rating was downgraded by Credit Suisse to “Underperform”. JMP Securities downgraded UDR, Inc. (NYSE:UDR) on Tuesday, January 19 to “Mkt Perform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $38 target price in Monday, November 9 report. RBC Capital Markets maintained UDR, Inc. (NYSE:UDR) on Thursday, February 11 with “Sector Perform” rating.

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 2016 Q2. Its down 0.04, from 1.04 in 2016Q1. The ratio worsened, 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.
Proshare Advisors Limited Liability has invested 0.06% of its portfolio in UDR, Inc. (NYSE:UDR). Franklin Res Incorporated has 643,396 shares for 0.01% of their US portfolio. Millennium Mngmt Limited Liability Co, a New York-based fund reported 782,209 shares. Victory Mngmt Incorporated has invested 0% of its portfolio in UDR, Inc. (NYSE:UDR). Sei Investments holds 0.06% or 283,084 shares in its portfolio. Moody Savings Bank Trust Division has 0.03% invested in the company for 14,481 shares. Blackrock Grp Incorporated Ltd holds 0.07% of its portfolio in UDR, Inc. (NYSE:UDR) for 3.78 million shares. Fmr Ltd Company reported 26.20M shares or 0.13% of all its holdings. The France-based Bnp Paribas Investment Partners has invested 0.01% in UDR, Inc. (NYSE:UDR). Daiwa Group Incorporated accumulated 3.73% or 16.91 million shares. Davidson And Garrard last reported 0.23% of its portfolio in the stock. Moreover, Ibm Retirement Fund has 0.04% invested in UDR, Inc. (NYSE:UDR) for 31,415 shares. Blackrock Japan Limited holds 0.05% of its portfolio in UDR, Inc. (NYSE:UDR) for 374,078 shares. Concannon Wealth Mgmt Ltd Company owns 1,080 shares or 0.04% of their US portfolio. Bb&T Corp has 600 shares for 0% of their US portfolio.

Insider Transactions: Since May 19, 2016, the stock had 3 buys, and 2 sales for $651,835 net activity. $277,253 worth of UDR, Inc. (NYSE:UDR) was sold by ALCOCK HARRY G on Thursday, August 4. McDonnough Clinton D also bought $103,608 worth of UDR, Inc. (NYSE:UDR) on Friday, September 9. 30 shares were bought by KLINGBEIL JAMES D, worth $1,010 on Friday, June 10. 15,000 shares with value of $550,500 were sold by Troupe Warren L on Wednesday, September 28.

More news for UDR, Inc. (NYSE:UDR) were recently published by: Nasdaq.com, which released: “Is UDR Inc. (UDR) Poised for a Beat This Earnings Season?” on October 21, 2016. Finance.Yahoo.com‘s article titled: “Why UDR, Inc. (UDR) Might Surprise This Earnings Season” and published on October 21, 2016 is yet another important article.

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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