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Rating: UDR
Sell

United Dominion Realty Trust, Inc. (NYSE: UDR) downgraded to Sell by Miller Tabak

Monday,  Nov 9, 2015  8:25 AM ET by Lynn Gilbert

Miller Tabak downgraded United Dominion Realty Trust, Inc. (NYSE: UDR) to Sell.
Previously, Miller Tabak rated United Dominion Realty Trust, Inc. (NYSE: UDR) to Hold on 09/09/2015, when the stock price was valued at $32.08.

UDR, Inc. (UDR) is a self administered real estate investment trust (REIT), that owns, acquires, renovates, develops, and manages apartment communities nationwide. As of December 31, 2008, the Company?s wholly owned apartment portfolio included 161 communities located in 23 markets, with a total of 44,388 completed apartment homes. In addition, it has an ownership interest in 4,158 apartment units through joint ventures. UDR?s subsidiaries include two operating partnerships, Heritage Communities L.P., and United Dominion Realty L.P., and RE3, its subsidiary that focuses on development, land entitlement and short-term hold investments. In March 2008, the Company announced that it has completed the sale of 25,684 apartment homes in 86 communities to DRA Fund VI LLC in a joint venture with Steven D. Bell & Company. During the year ended December 31, 2008, the Company acquired 4,558 apartment homes in 13 communities.

Miller Tabak is a twenty-eight year old institutional trading firm specializing in the discreet handling of stock purchases and sales, portfolio rebalancings and listed options. We act as agent on behalf of sophisticated institutional investors (hedge funds to large institutions) executing trading and hedging strategies imaginatively and aggressively.



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