United Development Funding IV (OTCMKTS:UDFI – Get Free Report) shares traded down 6% on Thursday. The company traded as low as $1.29 and last traded at $1.40. 63,400 shares traded hands during trading, The stock had previously closed at $1.49.
United Development Funding IV Trading Down 6.0%
The business’s fifty day moving average is $1.40 and its two-hundred day moving average is $1.40.
United Development Funding IV Company Profile
United Development Funding IV is a Maryland-based real estate investment trust focused on providing financing for residential real estate development. The company primarily originates and acquires secured loans used to fund land acquisition, development and construction projects. Its investments have historically centered on single-family residential communities and related real estate projects, with a particular emphasis on growing markets in Texas, including the Dallas-Fort Worth area. United Development Funding IV may also take ownership interests in real estate or related assets when necessary to protect its investments.
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