Caisse DE Depot ET Placement DU Quebec lowered its stake in shares of UDR, Inc. (NYSE:UDR) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,600 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of UDR worth $6,533,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in UDR. Bbva Compass Bancshares Inc. acquired a new stake in shares of UDR in the 4th quarter valued at $227,000. Fox Run Management L.L.C. boosted its stake in shares of UDR by 51.8% in the 4th quarter. Fox Run Management L.L.C. now owns 8,500 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 2,900 shares in the last quarter. WESCAP Management Group Inc. boosted its stake in shares of UDR by 55.1% in the 3rd quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 3,890 shares in the last quarter. Exane Derivatives acquired a new stake in shares of UDR in the 4th quarter valued at $432,000. Finally, Dean Capital Investments Management LLC acquired a new stake in shares of UDR in the 4th quarter valued at $478,000. 97.69% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on UDR shares. Evercore ISI raised UDR from an “underperform” rating to an “in-line” rating in a report on Monday, December 11th. Robert W. Baird reissued a “buy” rating and set a $40.00 price objective on shares of UDR in a report on Tuesday, January 9th. Zacks Investment Research cut UDR from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price target on shares of UDR in a research note on Tuesday, January 9th. Finally, SunTrust Banks set a $39.00 price target on UDR and gave the company a “hold” rating in a research note on Monday, January 22nd. Thirteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $38.71.
NYSE:UDR traded down $0.44 during trading hours on Monday, reaching $35.18. 1,701,815 shares of the stock were exchanged, compared to its average volume of 1,667,666. UDR, Inc. has a twelve month low of $32.88 and a twelve month high of $40.71. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 1.32. The company has a market cap of $9,551.86, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 3.30 and a beta of 0.36.
UDR (NYSE:UDR) last released its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. UDR had a return on equity of 4.53% and a net margin of 12.21%. The firm had revenue of $250.12 million during the quarter, compared to the consensus estimate of $250.37 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The business’s revenue was up 4.2% on a year-over-year basis. analysts anticipate that UDR, Inc. will post 1.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 9th will be issued a $0.3225 dividend. This represents a $1.29 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, April 6th. This is an increase from UDR’s previous quarterly dividend of $0.31. UDR’s dividend payout ratio is presently 66.31%.
In other news, VP Warren L. Troupe sold 30,000 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $35.91, for a total value of $1,077,300.00. Following the completion of the sale, the vice president now owns 528,378 shares of the company’s stock, valued at approximately $18,974,053.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas W. Toomey sold 20,000 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $35.90, for a total value of $718,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,162,390 shares of the company’s stock, valued at approximately $41,729,801. The disclosure for this sale can be found here. In the last three months, insiders sold 63,000 shares of company stock valued at $2,256,800. 3.07% of the stock is currently owned by insiders.
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UDR Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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