American National Bank cut its holdings in UDR, Inc. (NYSE:UDR) by 32.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,957 shares of the real estate investment trust’s stock after selling 920 shares during the period. American National Bank’s holdings in UDR were worth $89,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of UDR. Oregon Public Employees Retirement Fund boosted its holdings in shares of UDR by 3,986.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,198,148 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,168,828 shares during the period. Capital Investment Advisory Services LLC acquired a new position in UDR during the 4th quarter valued at about $55,000. Pearl River Capital LLC acquired a new position in UDR during the 4th quarter valued at about $87,000. First Quadrant L P CA acquired a new position in UDR during the 4th quarter valued at about $91,000. Finally, Advisory Services Network LLC boosted its stake in UDR by 29.7% during the 4th quarter. Advisory Services Network LLC now owns 3,138 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 718 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:UDR opened at $45.73 on Tuesday. The company has a market capitalization of $12.79 billion, a PE ratio of 23.33, a P/E/G ratio of 3.90 and a beta of 0.55. UDR, Inc. has a twelve month low of $34.48 and a twelve month high of $45.92. The company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 1.23.
UDR (NYSE:UDR) last issued its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.19). The company had revenue of $264.73 million during the quarter, compared to analyst estimates of $262.98 million. UDR had a return on equity of 7.50% and a net margin of 19.40%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. Equities analysts forecast that UDR, Inc. will post 2.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be paid a $0.3425 dividend. This is a positive change from UDR’s previous quarterly dividend of $0.32. This represents a $1.37 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Monday, April 8th. UDR’s dividend payout ratio is currently 69.90%.
In other news, SVP Harry G. Alcock sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $45.37, for a total value of $453,700.00. Following the completion of the sale, the senior vice president now directly owns 117,284 shares of the company’s stock, valued at approximately $5,321,175.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Warren L. Troupe sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $44.66, for a total transaction of $2,233,000.00. Following the completion of the sale, the vice president now directly owns 495,761 shares of the company’s stock, valued at $22,140,686.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,289 shares of company stock valued at $5,586,476. Company insiders own 3.16% of the company’s stock.
UDR has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised shares of UDR from a “neutral” rating to an “overweight” rating in a research note on Wednesday, December 19th. Zacks Investment Research lowered shares of UDR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Goldman Sachs Group lowered shares of UDR from a “neutral” rating to a “sell” rating and reduced their target price for the company from $43.00 to $39.00 in a research note on Monday, March 11th. Finally, BMO Capital Markets reissued a “hold” rating and set a $49.00 target price on shares of UDR in a research note on Monday, March 25th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.91.
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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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