Udr (UDR) Market Value Declined While Cipher Capital LP Trimmed Its Stake; As Westlake Chem (WLK) Shares Rose, Shareholder Weiss Multi-Strategy Advisers Cut Stake by $1.06 Million

April 17, 2018 - By Michael Collier

UDR, Inc. (NYSE:UDR) Logo

Weiss Multi-Strategy Advisers Llc decreased its stake in Westlake Chem (WLK) by 20% based on its latest 2017Q4 regulatory filing with the SEC. Weiss Multi-Strategy Advisers Llc sold 10,000 shares as the company’s stock rose 8.30% while stock markets declined. The hedge fund held 40,000 shares of the major chemicals company at the end of 2017Q4, valued at $4.26M, down from 50,000 at the end of the previous reported quarter. Weiss Multi-Strategy Advisers Llc who had been investing in Westlake Chem for a number of months, seems to be less bullish one the $14.49B market cap company. The stock increased 1.36% or $1.5 during the last trading session, reaching $111.83. About 369,156 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 76.43% since April 17, 2017 and is uptrending. It has outperformed by 64.88% the S&P500.

Cipher Capital Lp decreased its stake in Udr Inc (UDR) by 40.06% based on its latest 2017Q4 regulatory filing with the SEC. Cipher Capital Lp sold 35,545 shares as the company’s stock declined 9.07% with the market. The hedge fund held 53,185 shares of the consumer services company at the end of 2017Q4, valued at $2.05 million, down from 88,730 at the end of the previous reported quarter. Cipher Capital Lp who had been investing in Udr Inc for a number of months, seems to be less bullish one the $9.90 billion market cap company. The stock increased 0.67% or $0.24 during the last trading session, reaching $36.02. About 450,861 shares traded. UDR, Inc. (NYSE:UDR) has declined 3.82% since April 17, 2017 and is downtrending. It has underperformed by 15.37% the S&P500.

Among 24 analysts covering UDR Inc (NYSE:UDR), 5 have Buy rating, 2 Sell and 17 Hold. Therefore 21% are positive. UDR Inc had 73 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of UDR, Inc. (NYSE:UDR) has “Buy” rating given on Friday, February 9 by Mizuho. The rating was maintained by BMO Capital Markets on Monday, November 27 with “Hold”. The rating was maintained by Citigroup on Tuesday, August 2 with “Neutral”. The rating was upgraded by Zacks on Monday, August 17 to “Hold”. On Tuesday, December 13 the stock rating was downgraded by Morgan Stanley to “Underweight”. Bank of America upgraded UDR, Inc. (NYSE:UDR) on Wednesday, March 8 to “Neutral” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $37 target in Thursday, February 11 report. The stock has “Buy” rating by Robert W. Baird on Friday, November 10. On Monday, June 12 the stock rating was downgraded by Evercore to “Underperform”. The stock has “Hold” rating by Sandler O’Neill on Monday, March 19.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.57, from 1.62 in 2017Q3. It is negative, as 21 investors sold UDR shares while 113 reduced holdings. 38 funds opened positions while 103 raised stakes. 258.13 million shares or 0.21% more from 257.58 million shares in 2017Q3 were reported. British Columbia Invest holds 137,298 shares. Pensionfund Dsm Netherlands has 35,367 shares for 0.19% of their portfolio. The United Kingdom-based Legal General Gp Public Limited Com has invested 0.06% in UDR, Inc. (NYSE:UDR). Finemark Comml Bank Trust accumulated 5,500 shares or 0.01% of the stock. Public Sector Pension Investment Board owns 14,299 shares or 0% of their US portfolio. Mai Capital Mgmt invested 0.01% in UDR, Inc. (NYSE:UDR). Moreover, Hirtle Callaghan And Company Ltd has 0.02% invested in UDR, Inc. (NYSE:UDR) for 4,375 shares. Lord Abbett And invested 0.24% of its portfolio in UDR, Inc. (NYSE:UDR). Cohen Steers Incorporated reported 37.91 million shares. Moreover, Thompson Siegel And Walmsley Ltd Liability Co has 0.01% invested in UDR, Inc. (NYSE:UDR). Parametric Portfolio Assocs reported 407,643 shares or 0.02% of all its holdings. Sarasin Prtnrs Llp invested in 68,057 shares or 0.05% of the stock. Driehaus Mngmt Ltd Llc reported 23,000 shares. Dekabank Deutsche Girozentrale holds 0.01% in UDR, Inc. (NYSE:UDR) or 24,324 shares. Teachers Retirement Systems Of The State Of Kentucky holds 30,500 shares or 0.01% of its portfolio.

Analysts await UDR, Inc. (NYSE:UDR) to report earnings on April, 25 after the close. They expect $0.47 EPS, up 4.44% or $0.02 from last year’s $0.45 per share. UDR’s profit will be $129.23M for 19.16 P/E if the $0.47 EPS becomes a reality. After $0.48 actual EPS reported by UDR, Inc. for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

Cipher Capital Lp, which manages about $339.00M and $1.26 billion US Long portfolio, upped its stake in Kinder Morgan Inc Del (NYSE:KMI) by 284,403 shares to 372,575 shares, valued at $6.73 million in 2017Q4, according to the filing. It also increased its holding in Coeur Mng Inc (NYSE:CDE) by 88,939 shares in the quarter, for a total of 619,998 shares, and has risen its stake in Macquarie Infrastructure Cor (NYSE:MIC).

Since December 15, 2017, it had 0 buys, and 4 selling transactions for $3.04 million activity. Troupe Warren L had sold 30,000 shares worth $1.08M.

Weiss Multi-Strategy Advisers Llc, which manages about $7.01 billion and $3.90B US Long portfolio, upped its stake in Hcp Inc (NYSE:HCP) by 201,092 shares to 1.30 million shares, valued at $33.88 million in 2017Q4, according to the filing. It also increased its holding in Apple (Put) (NASDAQ:AAPL) by 140,000 shares in the quarter, for a total of 150,000 shares, and has risen its stake in Weingarten Realty Investors (NYSE:WRI).

Among 19 analysts covering Westlake Chemical (NYSE:WLK), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Westlake Chemical had 61 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Sector Perform” rating on Thursday, November 5 by RBC Capital Markets. The firm has “Overweight” rating given on Tuesday, August 16 by JP Morgan. JP Morgan maintained the stock with “Overweight” rating in Monday, May 16 report. RBC Capital Markets maintained Westlake Chemical Corporation (NYSE:WLK) on Tuesday, September 5 with “Buy” rating. The stock of Westlake Chemical Corporation (NYSE:WLK) has “Outperform” rating given on Thursday, September 1 by Cowen & Co. RBC Capital Markets upgraded Westlake Chemical Corporation (NYSE:WLK) on Tuesday, August 23 to “Outperform” rating. The firm earned “Hold” rating on Thursday, February 22 by Deutsche Bank. RBC Capital Markets maintained it with “Buy” rating and $8100 target in Friday, August 4 report. Alembic maintained Westlake Chemical Corporation (NYSE:WLK) on Thursday, August 3 with “Buy” rating. RBC Capital Markets maintained Westlake Chemical Corporation (NYSE:WLK) on Thursday, November 9 with “Buy” rating.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on May, 1. They expect $2.08 EPS, up 65.08% or $0.82 from last year’s $1.26 per share. WLK’s profit will be $269.55M for 13.44 P/E if the $2.08 EPS becomes a reality. After $1.62 actual EPS reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts 28.40% EPS growth.

Investors sentiment decreased to 1.33 in Q4 2017. Its down 0.05, from 1.38 in 2017Q3. It is negative, as 37 investors sold WLK shares while 66 reduced holdings. 69 funds opened positions while 68 raised stakes. 36.26 million shares or 2.33% less from 37.12 million shares in 2017Q3 were reported. Sei Investments Communication reported 51,099 shares or 0.02% of all its holdings. Private Advisor Group Inc Lc has 0.01% invested in Westlake Chemical Corporation (NYSE:WLK) for 2,027 shares. Susquehanna Grp Llp reported 66,586 shares. 493,609 are owned by Geode Mngmt Limited Liability Com. Weiss Multi holds 0.11% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 40,000 shares. Wolverine Asset Management Lc stated it has 0.02% in Westlake Chemical Corporation (NYSE:WLK). Fmr Limited Co holds 5.82M shares. California Pub Employees Retirement Systems holds 125,099 shares or 0.02% of its portfolio. Lazard Asset Management Limited Liability Corporation invested in 0% or 7,047 shares. Wells Fargo Mn has 0.01% invested in Westlake Chemical Corporation (NYSE:WLK). Dupont Mngmt accumulated 8,654 shares or 0.02% of the stock. Millennium Limited Liability Company reported 727,678 shares stake. Bradley Foster And Sargent Ct holds 0.06% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 15,685 shares. Balyasny Asset Management Ltd Company has 57,648 shares for 0.02% of their portfolio. Riverhead Management Limited Liability Corp stated it has 18,520 shares or 0.08% of all its holdings.

UDR, Inc. (NYSE:UDR) Institutional Positions Chart

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