Signature Financial Management Inc. held its position in shares of UDR, Inc. (NYSE:UDR) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,422 shares of the real estate investment trust’s stock at the end of the first quarter. Signature Financial Management Inc.’s holdings in UDR were worth $1,031,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nationwide Fund Advisors boosted its stake in UDR by 0.6% in the third quarter. Nationwide Fund Advisors now owns 99,609 shares of the real estate investment trust’s stock worth $3,585,000 after buying an additional 597 shares during the last quarter. DnB Asset Management AS boosted its stake in UDR by 5.1% in the third quarter. DnB Asset Management AS now owns 20,444 shares of the real estate investment trust’s stock worth $736,000 after buying an additional 1,000 shares during the last quarter. World Asset Management Inc boosted its stake in UDR by 2.1% in the third quarter. World Asset Management Inc now owns 32,550 shares of the real estate investment trust’s stock worth $1,171,000 after buying an additional 658 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in UDR by 0.5% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,966 shares of the real estate investment trust’s stock worth $1,114,000 after buying an additional 152 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in UDR by 5.3% in the third quarter. Daiwa Securities Group Inc. now owns 17,807,981 shares of the real estate investment trust’s stock worth $640,910,000 after buying an additional 896,521 shares during the last quarter.
Shares of UDR, Inc. (NYSE:UDR) traded down 0.05% during mid-day trading on Friday, hitting $37.84. The company’s stock had a trading volume of 1,379,632 shares. The stock has a market cap of $10.12 billion, a PE ratio of 33.61 and a beta of 0.34. The company has a 50-day moving average price of $36.96 and a 200-day moving average price of $35.65. UDR, Inc. has a 1-year low of $32.79 and a 1-year high of $38.11.
UDR (NYSE:UDR) last announced its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $243.80 million during the quarter, compared to analysts’ expectations of $240.55 million. UDR had a return on equity of 9.96% and a net margin of 30.52%. UDR’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Analysts predict that UDR, Inc. will post $0.29 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Monday, April 10th were issued a $0.31 dividend. This is a boost from UDR’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $1.24 annualized dividend and a dividend yield of 3.28%. UDR’s dividend payout ratio (DPR) is presently 109.26%.
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A number of research firms recently issued reports on UDR. Barclays PLC lifted their price objective on UDR from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 19th. Evercore ISI cut UDR to a “buy” rating in a research report on Friday, March 3rd. Zacks Investment Research cut UDR from a “hold” rating to a “sell” rating in a research report on Wednesday, March 22nd. Cantor Fitzgerald reissued a “buy” rating and set a $39.00 price objective on shares of UDR in a research report on Monday, April 24th. Finally, Zelman & Associates cut UDR from a “hold” rating to a “sell” rating in a research report on Monday, February 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.10.
In other news, VP Warren L. Troupe sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $36.05, for a total value of $540,750.00. Following the completion of the transaction, the vice president now owns 531,151 shares in the company, valued at approximately $19,147,993.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.79% of the stock is owned by company insiders.
UDR Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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