UDR, Inc. (NYSE:UDR) Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC cut its stake in UDR, Inc. (NYSE:UDR - Free Report) by 29.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,196,218 shares of the real estate investment trust's stock after selling 496,001 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.36% of UDR worth $51,928,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Activest Wealth Management acquired a new position in shares of UDR during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in shares of UDR during the 3rd quarter worth approximately $33,000. Continuum Advisory LLC raised its stake in shares of UDR by 5,335.3% during the 3rd 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 during the period. Smartleaf Asset Management LLC raised its stake in shares of UDR by 68.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust's stock worth $52,000 after buying an additional 491 shares during the period. Finally, Salem Investment Counselors Inc. raised its stake in shares of UDR by 62.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust's stock worth $59,000 after buying an additional 520 shares during the period. 97.84% of the stock is owned by institutional investors and hedge funds.

UDR Trading Up 0.5 %

UDR stock traded up $0.21 during midday trading on Friday, reaching $44.43. 1,793,139 shares of the stock traded hands, compared to its average volume of 2,053,810. The company has a 50-day simple moving average of $42.47 and a two-hundred day simple moving average of $43.78. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The firm has a market cap of $14.71 billion, a PE ratio of 177.72, a price-to-earnings-growth ratio of 8.67 and a beta of 0.88. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

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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, beating analysts' consensus estimates of $0.10 by $0.53. UDR had a return on equity of 2.65% and a net margin of 5.36%. Research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, January 10th. UDR's dividend payout ratio (DPR) is 680.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UDR. Scotiabank upped their target price on UDR from $48.00 to $49.00 and gave the stock a "sector perform" rating in a research note on Friday, February 14th. Barclays reduced their price objective on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. StockNews.com raised UDR from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Evercore ISI increased their price objective on UDR from $43.00 to $45.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group downgraded UDR from a "buy" rating to a "hold" rating and reduced their price objective for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.18.

Insider Activity at UDR

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

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.