Is UDR, Inc. (UDR) Going to Burn These Hedge Funds? – American Campus Communities, Inc. (ACC), Senior Housing Properties Trust (SNH)

Page 1 of 2

UDR, Inc. (NYSE:UDR) was in 9 hedge funds’ portfolio at the end of the fourth quarter of 2012. UDR shareholders have witnessed a decrease in support from the world’s most elite money managers recently. There were 10 hedge funds in our database with UDR holdings at the end of the previous quarter.

UDR, Inc. (NYSE:UDR)

In today’s marketplace, there are many indicators market participants can use to track stocks. A duo of the most useful are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite money managers can outpace the S&P 500 by a healthy amount (see just how much).

Equally as important, optimistic insider trading sentiment is another way to parse down the marketplace. As the old adage goes: there are lots of incentives for a bullish insider to drop shares of his or her company, but only one, very simple reason why they would behave bullishly. Several academic studies have demonstrated the useful potential of this method if shareholders know where to look (learn more here).

With all of this in mind, let’s take a peek at the key action regarding UDR, Inc. (NYSE:UDR).

How have hedgies been trading UDR, Inc. (NYSE:UDR)?

At the end of the fourth quarter, a total of 9 of the hedge funds we track were bullish in this stock, a change of -10% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes substantially.

Of the funds we track, Pine River Capital Management, managed by Brian Taylor, holds the biggest position in UDR, Inc. (NYSE:UDR). Pine River Capital Management has a $21.9 million position in the stock, comprising 0.4% of its 13F portfolio. On Pine River Capital Management’s heels is Ken Gray and Steve Walsh of Bryn Mawr Capital, with a $21.7 million position; 1.9% of its 13F portfolio is allocated to the company. Other hedgies that are bullish include D. E. Shaw’s D E Shaw, J. Alan Reid, Jr.’s Forward Management and Cliff Asness’s AQR Capital Management.

Since UDR, Inc. (NYSE:UDR) has faced bearish sentiment from hedge fund managers, it’s easy to see that there lies a certain “tier” of hedge funds that elected to cut their entire stakes last quarter. At the top of the heap, Peter J. Eichler Jr.’s Aletheia Research and Management dumped the largest stake of the 450+ funds we monitor, totaling about $1.1 million in stock., and Ken Griffin of Citadel Investment Group was right behind this move, as the fund cut about $1.1 million worth. These transactions are intriguing to say the least, as total hedge fund interest fell by 1 funds last quarter.

How have insiders been trading UDR, Inc. (NYSE:UDR)?

Insider buying is most useful when the company in question has experienced transactions within the past six months. Over the latest 180-day time period, UDR, Inc. (NYSE:UDR) has seen zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to UDR, Inc. (NYSE:UDR). These stocks are Two Harbors Investment Corp (NYSE:TWO), American Campus Communities, Inc. (NYSE:ACC), Senior Housing Properties Trust (NYSE:SNH), Essex Property Trust Inc (NYSE:ESS), and Camden Property Trust (NYSE:CPT). This group of stocks are in the reit – residential industry and their market caps match UDR’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!