Legacy Private Trust Co. bought a new stake in UDR, Inc. (NYSE:UDR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,403 shares of the real estate investment trust’s stock, valued at approximately $252,000.
A number of other large investors have also bought and sold shares of the stock. Marshall Wace LLP bought a new position in UDR during the first quarter worth about $157,000. Amundi Pioneer Asset Management Inc. raised its holdings in shares of UDR by 36.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 383,735 shares of the real estate investment trust’s stock worth $17,445,000 after buying an additional 102,266 shares in the last quarter. LPL Financial LLC raised its holdings in shares of UDR by 30.4% in the 2nd quarter. LPL Financial LLC now owns 14,428 shares of the real estate investment trust’s stock worth $648,000 after buying an additional 3,361 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of UDR by 8.1% during the 2nd quarter. Natixis Advisors L.P. now owns 10,981 shares of the real estate investment trust’s stock worth $493,000 after buying an additional 826 shares during the period. Finally, MML Investors Services LLC bought a new position in shares of UDR during the 2nd quarter worth approximately $202,000. 96.10% of the stock is owned by hedge funds and other institutional investors.
NYSE:UDR opened at $46.43 on Wednesday. The stock has a market capitalization of $13.50 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 3.70 and a beta of 0.37. The company has a current ratio of 5.99, a quick ratio of 5.99 and a debt-to-equity ratio of 1.22. UDR, Inc. has a 1 year low of $40.19 and a 1 year high of $50.61. The firm has a 50 day moving average of $46.70 and a 200-day moving average of $47.39.
UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.43). UDR had a return on equity of 5.51% and a net margin of 15.20%. The business had revenue of $295.40 million for the quarter, compared to the consensus estimate of $285.45 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, analysts forecast that UDR, Inc. will post 2.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a $0.3425 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, January 9th. UDR’s dividend payout ratio is currently 69.90%.
UDR has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $48.00 price target on shares of UDR in a research note on Wednesday, December 18th. Goldman Sachs Group initiated coverage on UDR in a research note on Friday, November 8th. They set a “neutral” rating and a $53.00 price objective for the company. TheStreet cut UDR from a “b-” rating to a “c+” rating in a report on Friday, November 15th. Barclays set a $52.00 target price on shares of UDR and gave the company a “hold” rating in a research note on Friday, October 11th. Finally, Citigroup upgraded shares of UDR from a “neutral” rating to a “buy” rating and boosted their target price for the company from $49.00 to $54.00 in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. UDR has a consensus rating of “Hold” and an average target price of $50.55.
In other news, COO Jerry A. Davis sold 10,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $46.72, for a total transaction of $467,200.00. Following the sale, the chief operating officer now owns 173,065 shares in the company, valued at $8,085,596.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.85% of the stock is currently owned by insiders.
UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S.
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