Cohen & Steers Inc. Raises Stock Holdings in UDR, Inc. (NYSE:UDR)

Cohen & Steers Inc. boosted its position in UDR, Inc. (NYSE:UDR - Free Report) by 0.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,589,275 shares of the real estate investment trust's stock after buying an additional 14,240 shares during the period. UDR makes up approximately 2.5% of Cohen & Steers Inc.'s portfolio, making the stock its 14th biggest position. Cohen & Steers Inc. owned approximately 9.27% of UDR worth $1,327,826,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC increased its stake in UDR by 4.8% during the 4th quarter. Townsquare Capital LLC now owns 5,173 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 237 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of UDR by 8.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,330 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 269 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of UDR by 68.7% in the 4th 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. IRON Financial LLC lifted its position in UDR by 3.0% in the 4th quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust's stock valued at $767,000 after acquiring an additional 511 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in 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 valued at $59,000 after purchasing an additional 520 shares during the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UDR shares. Royal Bank of Canada lifted their price objective on shares of UDR from $43.00 to $44.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. StockNews.com upgraded shares of UDR from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Zelman & Associates reiterated a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Wells Fargo & Company cut 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. Finally, Barclays dropped their price target on UDR from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, UDR has an average rating of "Hold" and a consensus target price of $46.12.

UDR Stock Performance

Shares of NYSE UDR traded up $0.40 during mid-day trading on Friday, hitting $41.27. The company had a trading volume of 2,197,554 shares, compared to its average volume of 2,189,784. The stock's 50-day moving average price is $42.93 and its 200-day moving average price is $43.24. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 165.08, a P/E/G ratio of 8.67 and a beta of 0.78. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71. UDR, Inc. has a 1 year low of $35.95 and a 1 year high of $47.55.

UDR (NYSE:UDR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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 forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.17%. This is a positive change from UDR's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, April 10th. UDR's dividend payout ratio is presently 688.00%.

Insider Buying and Selling

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

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.