UDR, Inc. (UDR) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in UDR, Inc. (NYSE:UDR) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,702 shares of the real estate investment trust’s stock after acquiring an additional 8,403 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in UDR were worth $3,594,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Moody National Bank Trust Division grew its stake in UDR by 3.1% in the 4th quarter. Moody National Bank Trust Division now owns 10,808 shares of the real estate investment trust’s stock worth $429,000 after acquiring an additional 326 shares in the last quarter. LPL Financial LLC grew its stake in UDR by 3.2% in the 4th quarter. LPL Financial LLC now owns 10,585 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 326 shares in the last quarter. Csenge Advisory Group grew its stake in UDR by 4.0% in the 4th quarter. Csenge Advisory Group now owns 8,671 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 335 shares in the last quarter. Mackenzie Financial Corp grew its stake in UDR by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 8,003 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 443 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in UDR by 3.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,600 shares of the real estate investment trust’s stock worth $657,000 after acquiring an additional 541 shares in the last quarter. Institutional investors and hedge funds own 97.49% of the company’s stock.

UDR has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of UDR from a “hold” rating to a “buy” rating and upped their target price for the stock from $42.00 to $47.00 in a research note on Friday, November 30th. Zacks Investment Research upgraded shares of UDR from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Monday, November 26th. Capital One Financial began coverage on shares of UDR in a research note on Monday, November 19th. They set an “equal weight” rating and a $43.00 price objective on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $41.00 price objective on shares of UDR in a research note on Tuesday, November 20th. Finally, Robert W. Baird downgraded shares of UDR from an “outperform” rating to a “neutral” rating in a research note on Monday, November 26th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $41.31.

In other UDR news, COO Jerry A. Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $39.24, for a total value of $392,400.00. Following the completion of the sale, the chief operating officer now directly owns 214,669 shares in the company, valued at $8,423,611.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lynne B. Sagalyn sold 4,289 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $44.97, for a total transaction of $192,876.33. Following the completion of the sale, the director now owns 81,852 shares of the company’s stock, valued at $3,680,884.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,289 shares of company stock valued at $2,818,276. 3.16% of the stock is owned by insiders.

NYSE UDR opened at $45.33 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 7.61 and a current ratio of 7.61. UDR, Inc. has a 52-week low of $34.03 and a 52-week high of $45.38. The company has a market cap of $12.40 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 3.85 and a beta of 0.55.

UDR (NYSE:UDR) last announced its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.19). The firm had revenue of $264.73 million during the quarter, compared to analyst estimates of $262.98 million. UDR had a net margin of 19.40% and a return on equity of 7.50%. UDR’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. On average, equities analysts predict that UDR, Inc. will post 2.06 earnings per share for the current year.

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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 properties in targeted U.S.

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Institutional Ownership by Quarter for UDR (NYSE:UDR)

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