Generali Asset Management SPA SGR Takes Position in UDR, Inc. (NYSE:UDR)

Generali Asset Management SPA SGR purchased a new position in shares of UDR, Inc. (NYSE:UDR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 19,434 shares of the real estate investment trust's stock, valued at approximately $844,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UDR. Activest Wealth Management bought a new stake in shares of UDR during the third quarter worth $27,000. Brooklyn Investment Group bought a new stake in UDR during the 3rd quarter worth about $33,000. Continuum Advisory LLC increased its position in UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 907 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 491 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 520 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UDR

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.73% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

UDR has been the subject of a number of research reports. Zelman & Associates reissued a "neutral" rating on shares of UDR in a report on Thursday, February 13th. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Mizuho decreased their price target on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Scotiabank boosted their price objective on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a report on Friday, February 14th. Finally, Jefferies Financial Group downgraded shares of UDR from a "buy" rating to a "hold" rating and cut their target price for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $46.12.

UDR Stock Up 2.3 %

Shares of NYSE:UDR traded up $0.99 during mid-day trading on Monday, reaching $44.35. 2,081,836 shares of the stock were exchanged, compared to its average volume of 2,031,852. UDR, Inc. has a one year low of $35.14 and a one year high of $47.55. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The stock's 50 day simple moving average is $42.82 and its 200-day simple moving average is $43.77. The company has a market cap of $14.68 billion, a P/E ratio of 177.38, a P/E/G ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, equities research analysts predict that UDR, Inc. will post 2.51 EPS for the current year.

UDR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from UDR's previous quarterly dividend of $0.43. UDR's dividend payout ratio is presently 688.00%.

UDR Profile

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 communities in targeted U.S.