Aew Capital Management L P Lowers Stock Position in UDR, Inc. (NYSE:UDR)

Aew Capital Management L P cut its holdings in UDR, Inc. (NYSE:UDR - Free Report) by 88.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 243,368 shares of the real estate investment trust's stock after selling 1,939,823 shares during the period. Aew Capital Management L P owned 0.07% of UDR worth $10,565,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Metis Global Partners LLC grew its holdings in shares of UDR by 9.5% during the 4th quarter. Metis Global Partners LLC now owns 44,595 shares of the real estate investment trust's stock worth $1,936,000 after purchasing an additional 3,882 shares during the period. Versor Investments LP boosted its stake in UDR by 265.2% during the fourth quarter. Versor Investments LP now owns 32,500 shares of the real estate investment trust's stock worth $1,411,000 after buying an additional 23,600 shares during the period. Proficio Capital Partners LLC purchased a new position in UDR during the fourth quarter worth about $2,763,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of UDR by 77.7% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,331 shares of the real estate investment trust's stock valued at $3,096,000 after acquiring an additional 31,200 shares during the last quarter. Finally, Winebrenner Capital Management LLC purchased a new stake in shares of UDR in the 4th quarter valued at approximately $521,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Thomas W. Toomey sold 25,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the completion of the sale, the chief executive officer now directly owns 824,716 shares of the company's stock, valued at $35,256,609. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.73% of the company's stock.

UDR Stock Up 1.1 %

UDR stock traded up $0.52 during midday trading on Monday, reaching $45.70. The company's stock had a trading volume of 931,015 shares, compared to its average volume of 2,018,361. The company has a market cap of $15.13 billion, a P/E ratio of 182.86, a P/E/G ratio of 8.67 and a beta of 0.88. The company has a quick ratio of 5.91, a current ratio of 5.61 and a debt-to-equity ratio of 1.71. The business has a 50-day simple moving average of $42.32 and a 200-day simple moving average of $43.69. UDR, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $47.55.

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%. On average, research analysts expect that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

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 $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, January 10th. UDR's payout ratio is 680.00%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UDR shares. Royal Bank of Canada lifted their target price on shares of UDR from $43.00 to $44.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Zelman & Associates reaffirmed a "neutral" rating on shares of UDR in a research note on Thursday, February 13th. Mizuho decreased 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 for the company in a report on Friday, January 24th. Finally, Evercore ISI boosted their price target on shares of UDR from $43.00 to $45.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $46.18.

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.