Vert Asset Management LLC Buys 7,879 Shares of UDR, Inc. (NYSE:UDR)

Vert Asset Management LLC increased its position in UDR, Inc. (NYSE:UDR) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,862 shares of the real estate investment trust’s stock after buying an additional 7,879 shares during the quarter. UDR accounts for approximately 2.0% of Vert Asset Management LLC’s holdings, making the stock its 18th biggest holding. Vert Asset Management LLC’s holdings in UDR were worth $5,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IRON Financial LLC increased its position in shares of UDR by 3.0% in the fourth quarter. IRON Financial LLC now owns 17,674 shares of the real estate investment trust’s stock valued at $767,000 after acquiring an additional 511 shares during the period. Pacer Advisors Inc. raised its position in UDR by 36.3% during the 4th quarter. Pacer Advisors Inc. now owns 31,003 shares of the real estate investment trust’s stock valued at $1,346,000 after purchasing an additional 8,253 shares during the last quarter. Blue Trust Inc. lifted its holdings in UDR by 41.5% in the 4th quarter. Blue Trust Inc. now owns 4,843 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 1,421 shares during the period. Fifth Third Bancorp grew its position in shares of UDR by 3.9% in the 4th quarter. Fifth Third Bancorp now owns 21,064 shares of the real estate investment trust’s stock worth $914,000 after buying an additional 794 shares during the last quarter. Finally, Presima Securities ULC increased its stake in shares of UDR by 9.8% during the fourth quarter. Presima Securities ULC now owns 496,124 shares of the real estate investment trust’s stock valued at $21,537,000 after buying an additional 44,199 shares during the period. 97.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Scotiabank reduced their price objective on shares of UDR from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Jefferies Financial Group cut UDR from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $45.00 in a research report on Thursday, January 2nd. Wells Fargo & Company decreased their target price on UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday. Mizuho reduced their price target on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Barclays lowered their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.06.

UDR Price Performance

Shares of UDR opened at $41.69 on Tuesday. The firm has a fifty day simple moving average of $43.35 and a two-hundred day simple moving average of $43.42. The firm has a market cap of $13.76 billion, a PE ratio of 112.68, a P/E/G ratio of 11.03 and a beta of 0.89. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.69. UDR, Inc. has a 1-year low of $34.19 and a 1-year high of $47.55.

UDR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Friday, January 10th. UDR’s dividend payout ratio is 459.47%.

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 communities in targeted U.S.