Castellan Group Has $3.46 Million Stock Holdings in UDR, Inc. (NYSE:UDR)

Castellan Group lowered its position in shares of UDR, Inc. (NYSE:UDR - Free Report) by 7.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 79,579 shares of the real estate investment trust's stock after selling 6,686 shares during the period. UDR accounts for 1.5% of Castellan Group's portfolio, making the stock its 28th biggest holding. Castellan Group's holdings in UDR were worth $3,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management acquired a new stake in shares of UDR in the third quarter valued at $27,000. Brooklyn Investment Group bought a new stake in UDR in the third quarter worth about $33,000. Continuum Advisory LLC boosted its holdings in UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust's stock worth $41,000 after buying an additional 907 shares in the last quarter. Salem Investment Counselors Inc. raised 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 during the period. Finally, Eastern Bank purchased a new stake in UDR during the fourth quarter valued at about $68,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on UDR shares. Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Mizuho decreased their price target on shares of UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Jefferies Financial Group lowered shares of UDR from a "buy" rating to a "hold" rating and dropped their price objective for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Zelman & Associates restated a "neutral" rating on shares of UDR in a research note on Thursday. Finally, Evercore ISI increased their target price on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $46.18.

UDR Stock Performance

UDR stock traded down $0.22 during mid-day trading on Monday, reaching $42.93. The company had a trading volume of 1,426,427 shares, compared to its average volume of 1,885,070. The company has a quick ratio of 5.91, a current ratio of 1.32 and a debt-to-equity ratio of 1.71. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 171.73, a PEG ratio of 11.72 and a beta of 0.88. The company has a 50 day moving average of $42.45 and a 200-day moving average of $43.53. UDR, Inc. has a 52 week low of $34.76 and a 52 week high of $47.55.

UDR (NYSE:UDR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. On average, sell-side analysts expect that UDR, Inc. will post 2.51 EPS for the current fiscal year.

UDR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 dividend on an annualized basis and a yield of 3.96%. UDR's dividend payout ratio is currently 680.00%.

About UDR

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.