Pacific Sun Financial Corp Has $453,000 Position in UDR, Inc. (NYSE:UDR)

Pacific Sun Financial Corp grew its holdings in UDR, Inc. (NYSE:UDR) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,436 shares of the real estate investment trust’s stock after purchasing an additional 885 shares during the quarter. Pacific Sun Financial Corp’s holdings in UDR were worth $453,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of UDR. Activest Wealth Management bought a new stake in shares of UDR during the third quarter worth $27,000. Brooklyn Investment Group bought a new stake in shares of UDR during the third quarter worth $33,000. Continuum Advisory LLC raised its position in shares of UDR by 5,335.3% during the third quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 907 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of UDR by 62.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 520 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of UDR during the fourth quarter worth $63,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

UDR Stock Performance

Shares of NYSE UDR opened at $42.64 on Thursday. The stock has a 50 day moving average price of $42.38 and a 200 day moving average price of $43.56. UDR, Inc. has a 52 week low of $34.76 and a 52 week high of $47.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.91 and a current ratio of 1.32. The stock has a market capitalization of $14.07 billion, a PE ratio of 170.56, a price-to-earnings-growth ratio of 8.68 and a beta of 0.88.

UDR (NYSE:UDR) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a $0.425 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.70 annualized dividend and a yield of 3.99%. UDR’s dividend payout ratio is 680.00%.

Analyst Ratings Changes

UDR has been the subject of a number of recent research reports. Wells Fargo & Company dropped 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, January 24th. Evercore ISI upped their price objective on UDR from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Barclays dropped their price objective on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Royal Bank of Canada upped their price objective on UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, StockNews.com upgraded UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, UDR currently has an average rating of “Hold” and an average price target of $46.18.

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.