UDR, Inc. (UDR) Trades at $39.99 After Triangle; Nuveen Floating Rate Income Fund (JFR)’s Sentiment Is 0.84

November 15, 2017 - By Migdalia James

Nuveen Floating Rate Income Fund is a diversified, closed-end management investment company. The company has market cap of $598.61 million. The Fund’s investment objective is to achieve a high level of

current income. It currently has negative earnings. It invests approximately 80% of managed assets in adjustable rate loans, primarily secured senior loans.

UDR, Inc. (UDR) formed triangle with $41.99 target or 5.00% above today’s $39.99 share price. UDR, Inc. (UDR) has $10.71B valuation. The stock increased 0.10% or $0.04 during the last trading session, reaching $39.99. About shares traded. UDR, Inc. (NYSE:UDR) has risen 7.20% since November 15, 2016 and is uptrending. It has underperformed by 9.50% the S&P500.

Among 22 analysts covering UDR Inc (NYSE:UDR), 5 have Buy rating, 3 Sell and 14 Hold. Therefore 23% are positive. UDR Inc had 58 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, November 9. BB&T Capital initiated it with “Underweight” rating and $36.50 target in Tuesday, November 10 report. Zacks downgraded the stock to “Hold” rating in Wednesday, September 2 report. The stock of UDR, Inc. (NYSE:UDR) has “Buy” rating given on Wednesday, July 26 by Cantor Fitzgerald. SunTrust initiated the stock with “Neutral” rating in Tuesday, July 21 report. The company was maintained on Tuesday, October 27 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, January 20 by SunTrust. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Wednesday, August 16. Bank of America downgraded the stock to “Underperform” rating in Monday, April 11 report. The rating was maintained by RBC Capital Markets on Thursday, February 11 with “Sector Perform”.

Analysts await UDR, Inc. (NYSE:UDR) to report earnings on January, 29. They expect $0.48 earnings per share, up 4.35% or $0.02 from last year’s $0.46 per share. UDR’s profit will be $128.55M for 20.83 P/E if the $0.48 EPS becomes a reality. After $0.47 actual earnings per share reported by UDR, Inc. for the previous quarter, Wall Street now forecasts 2.13% EPS growth.

Since May 26, 2017, it had 0 insider purchases, and 2 selling transactions for $1.35 million activity. Shares for $961,250 were sold by TOOMEY THOMAS W. ALCOCK HARRY G sold $387,200 worth of UDR, Inc. (NYSE:UDR) on Friday, June 2.

Investors sentiment decreased to 1.17 in 2017 Q2. Its down 0.02, from 1.19 in 2017Q1. It fall, as 20 investors sold UDR, Inc. shares while 107 reduced holdings. 43 funds opened positions while 105 raised stakes. 260.42 million shares or 0.73% less from 262.34 million shares in 2017Q1 were reported. 1.37M were reported by Guggenheim Cap Limited Liability Co. First Manhattan has invested 0% of its portfolio in UDR, Inc. (NYSE:UDR). Lmr Prtnrs Ltd Liability Partnership stated it has 20,500 shares. Financial Bank Of Montreal Can holds 0.01% or 381,983 shares. Deutsche National Bank Ag, a Germany-based fund reported 510,870 shares. Raymond James Fincl owns 5,283 shares. Kemper Master Retirement Trust invested in 8,900 shares. Dimensional Fund Advisors L P owns 3.77M shares or 0.07% of their US portfolio. Wellington Management Grp Llp accumulated 187,911 shares. Rampart Inv Mgmt holds 0.04% or 3,078 shares. Mitsubishi Ufj Trust Bk Corp accumulated 643,106 shares. The Japan-based Nomura Asset Ltd has invested 0.14% in UDR, Inc. (NYSE:UDR). Verition Fund Mngmt Limited Liability reported 6,499 shares or 0.02% of all its holdings. Duncker Streett & has invested 0.03% of its portfolio in UDR, Inc. (NYSE:UDR). Louisiana State Employees Retirement System owns 16,600 shares or 0.03% of their US portfolio.

Restructuring Capital Associates Lp holds 18.05% of its portfolio in Nuveen Floating Rate Income Fund for 1.77 million shares. Livingston Group Asset Management Co (Operating As Southport Capital Management) owns 91,297 shares or 0.48% of their US portfolio. Moreover, Private Management Group Inc has 0.35% invested in the company for 541,421 shares. The California-based Tiemann Investment Advisors Llc has invested 0.35% in the stock. Swift Run Capital Management Llc, a Virginia-based fund reported 23,000 shares.

The stock decreased 3.41% or $0.38 on November 14, reaching $10.85. About shares traded. Nuveen Floating Rate Income Fund (JFR) has risen 15.95% since November 15, 2016 and is uptrending. It has underperformed by 0.75% the S&P500.


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