SG Americas Securities LLC decreased its position in UDR, Inc. (NYSE:UDR - Free Report) by 85.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,849 shares of the real estate investment trust's stock after selling 39,050 shares during the period. SG Americas Securities LLC's holdings in UDR were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC raised its stake in UDR by 77.4% in the 4th quarter. Baker Ellis Asset Management LLC now owns 8,020 shares of the real estate investment trust's stock worth $348,000 after acquiring an additional 3,500 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in UDR by 15.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 265,167 shares of the real estate investment trust's stock worth $11,511,000 after acquiring an additional 35,479 shares during the last quarter. Aurora Investment Managers LLC. raised its stake in UDR by 5.5% in the 4th quarter. Aurora Investment Managers LLC. now owns 91,068 shares of the real estate investment trust's stock worth $3,953,000 after acquiring an additional 4,765 shares during the last quarter. Avanza Fonder AB purchased a new position in UDR in the 4th quarter worth $1,211,000. Finally, Contravisory Investment Management Inc. raised its stake in UDR by 0.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 185,806 shares of the real estate investment trust's stock worth $8,066,000 after acquiring an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on UDR. 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. Royal Bank of Canada lifted 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. Mizuho reduced their price objective on UDR from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. StockNews.com upgraded UDR from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Wells Fargo & Company reduced their price objective on UDR from $48.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $46.00.
Get Our Latest Report on UDR
UDR Price Performance
Shares of UDR stock traded down $0.08 on Friday, hitting $42.91. 1,807,971 shares of the company were exchanged, compared to its average volume of 1,885,070. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 171.64, a price-to-earnings-growth ratio of 11.72 and a beta of 0.88. The company has a 50-day moving average price of $42.65 and a 200 day moving average price of $43.44. UDR, Inc. has a 1-year low of $34.19 and a 1-year high of $47.55. The company has a quick ratio of 5.91, a current ratio of 1.32 and a debt-to-equity ratio of 1.71.
UDR (NYSE:UDR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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%. As a group, sell-side analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.
UDR Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, January 10th. UDR's dividend payout ratio is currently 680.00%.
UDR Company Profile
(
Free Report)
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.
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