Pacer Advisors Inc. Has $1.35 Million Stock Position in UDR, Inc. (NYSE:UDR)

Pacer Advisors Inc. lifted its stake in UDR, Inc. (NYSE:UDR - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,003 shares of the real estate investment trust's stock after acquiring an additional 8,253 shares during the quarter. Pacer Advisors Inc.'s holdings in UDR were worth $1,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UDR. Activest Wealth Management acquired a new stake in UDR during the 3rd quarter valued at $27,000. Brooklyn Investment Group bought a new position in shares of UDR in the third quarter valued at about $33,000. Continuum Advisory LLC boosted its holdings 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. Mather Group LLC. grew its stake in UDR by 58.2% in the 3rd quarter. Mather Group LLC. now owns 998 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 367 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in UDR in the 2nd quarter valued at about $54,000. Institutional investors own 97.84% of the company's stock.

UDR Price Performance

UDR stock traded up $0.77 during trading on Thursday, reaching $42.99. 2,539,232 shares of the company were exchanged, compared to its average volume of 2,031,122. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 116.18, a P/E/G ratio of 11.38 and a beta of 0.88. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. The company has a 50-day moving average of $42.78 and a two-hundred day moving average of $43.43. UDR, Inc. has a twelve month low of $34.19 and a twelve month high of $47.55.

UDR (NYSE:UDR - Get Free Report) last released its quarterly earnings data 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 3.57% and a net margin of 7.68%. As a group, equities analysts predict that UDR, Inc. will post 2.48 earnings per share for the current fiscal year.

UDR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a dividend of $0.425 per share. The ex-dividend date was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.95%. UDR's dividend payout ratio is presently 459.47%.

Analysts Set New Price Targets

UDR has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on UDR from $46.00 to $45.00 and set a "sector perform" rating for the company in a report on Tuesday, November 5th. Mizuho reduced their price target on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company lowered their price objective on UDR from $48.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Barclays dropped their target price on UDR from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Finally, StockNews.com raised shares of UDR from a "sell" rating to a "hold" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $46.06.

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.