United Development Funding IV (OTCMKTS:UDFI) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of United Development Funding IV (OTCMKTS:UDFI) from a hold rating to a buy rating in a research report released on Thursday, ValuEngine reports.

OTCMKTS UDFI opened at $4.01 on Thursday. United Development Funding IV has a 12 month low of $3.00 and a 12 month high of $5.70. The company’s fifty day moving average price is $4.26 and its two-hundred day moving average price is $4.39.

About United Development Funding IV

United Development Funding IV invests in secured loans for the acquisition and development of land into single-family home lots, and the construction of model and new single-family homes. It also makes equity investments in residential real estate. The company has elected to be taxed as a real estate investment trust.

Further Reading: Outperform Rating

To view ValuEngine’s full report, visit ValuEngine’s official website.

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