Gateway Investment Advisers LLC Reduces Stake in UDR, by 1.7% in Q1

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UDR ($NYSE:UDR), Inc. is a leading multifamily real estate investment trust (REIT) that owns and operates apartment communities in the United States. The company specializes in development, acquisition, and management of apartment communities in targeted markets across the country. It is worth noting that the filing does not reveal the reasons behind Gateway Investment Advisers LLC’s decision to reduce its stake in UDR, Inc. However, the move may indicate that the firm has downgraded its outlook on the REIT’s future prospects. Investors should keep an eye on this situation as it could have an impact on UDR, Inc.’s stock price in the near term.

Analysis

At GoodWhale, we conducted a thorough analysis of UDR‘s financials and found it to be a low-risk investment with regards to financial and business aspects. Our risk rating showed that UDR is a safe investment, however, we did detect one risk warning in the balance sheet that should be taken into consideration. If you would like to gain more insight into this warning, please register with us and we can provide you with the information you need. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Udr. UDR_by_1.7_in_Q1″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Udr. UDR_by_1.7_in_Q1″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Udr. UDR_by_1.7_in_Q1″>More…

Key Ratios Snapshot

Some of the financial key ratios for Udr are shown below. UDR_by_1.7_in_Q1″>More…

Peers

The company was founded in 1972 and is headquartered in Highlands Ranch, Colorado. As of December 31, 2019, UDR Inc owned or had an interest in 71,214 apartment units across the United States. UDR Inc’s primary competitors are Camden Property Trust, Sun Communities Inc, and Altarea SCA. Camden Property Trust is a publicly traded real estate investment trust that focuses on the ownership, operation, and development of multifamily properties. Sun Communities Inc is a publicly traded real estate investment trust that owns, operates, and develops manufactured home communities and RV resorts. Altarea SCA is a French real estate company that focuses on the development and management of retail, office, and residential properties.

– Camden Property Trust ($NYSE:CPT)

Camden Property Trust is a publicly traded real estate investment trust focused on the ownership, management, and development of multifamily communities. The company was founded in 1993 and is headquartered in Houston, Texas. As of December 31, 2020, Camden Property Trust owned or had an ownership interest in interests in 158 multifamily properties containing 58,818 units.

– Sun Communities Inc ($NYSE:SUI)

Sun Communities Inc is a real estate investment trust (REIT) that owns and operates manufactured home communities in the United States. As of December 31, 2020, the Company owned and operated 253 manufactured home communities located in 28 states.

– Altarea SCA ($OTCPK:ATRRF)

Altarea SCA is a French real estate company with a market cap of 2.71B as of 2022. The company focuses on developing, managing, and investing in retail and office properties in France. As of 2019, Altarea SCA owns and manages a portfolio of over 100 properties totaling approximately 4.9 million square meters of space.

Summary

Investment analysis in UDR, Inc. is currently under scrutiny as Gateway Investment Advisers LLC reduced its holdings of the company’s shares by 1.7% in the first quarter. This suggests that Gateway Investment Advisers LLC has decreased its confidence in UDR, Inc. as an investment choice, though it is unclear what the specific reasons for this shift are. Moving forward, investors may want to carefully consider their investment in UDR, Inc., especially if further decreases in holdings are made by Gateway Investment Advisers LLC or other major investors.