Cibc World Markets Corp Raises Holdings in UDR, Inc. (NYSE:UDR)

Cibc World Markets Corp increased its holdings in shares of UDR, Inc. (NYSE:UDR - Free Report) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,312 shares of the real estate investment trust's stock after acquiring an additional 14,504 shares during the quarter. Cibc World Markets Corp's holdings in UDR were worth $5,874,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. raised its stake in shares of UDR by 7.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 587,772 shares of the real estate investment trust's stock valued at $25,515,000 after buying an additional 42,926 shares during the period. Principal Financial Group Inc. raised its stake in shares of UDR by 45.7% in the fourth quarter. Principal Financial Group Inc. now owns 512,540 shares of the real estate investment trust's stock valued at $22,249,000 after buying an additional 160,708 shares during the period. JPMorgan Chase & Co. raised its stake in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust's stock valued at $352,498,000 after buying an additional 368,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of UDR by 7.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust's stock valued at $4,139,000 after buying an additional 6,217 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust's stock valued at $322,366,000 after buying an additional 159,625 shares during the period. 97.84% of the stock is currently owned by institutional investors.

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Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value 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 approximately $35,256,609. This represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.73% of the company's stock.

UDR Price Performance

UDR stock traded down $0.28 during midday trading on Friday, hitting $43.36. 3,840,256 shares of the company's stock were exchanged, compared to its average volume of 2,031,652. UDR, Inc. has a 52-week low of $35.14 and a 52-week high of $47.55. The stock has a 50-day moving average price of $42.75 and a two-hundred day moving average price of $43.77. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 5.61. The company has a market cap of $14.36 billion, a P/E ratio of 173.44, a PEG ratio of 8.67 and a beta of 0.88.

UDR (NYSE:UDR - Get Free Report) last posted 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 return on equity of 2.65% and a net margin of 5.36%. On average, equities research analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.43 dividend. This is a boost from UDR's previous quarterly dividend of $0.43. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, April 10th. UDR's dividend payout ratio is presently 688.00%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Mizuho lowered their target price on UDR from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company lowered their target price on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Scotiabank boosted their target price on UDR from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Friday, February 14th. Jefferies Financial Group lowered UDR from a "buy" rating to a "hold" rating and decreased their price objective for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada boosted their price objective on UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, UDR currently has an average rating of "Hold" and a consensus target price of $46.12.

UDR Company 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.