iA Global Asset Management Inc. Increases Stock Position in UDR, Inc. (NYSE:UDR)

iA Global Asset Management Inc. lifted its holdings in UDR, Inc. (NYSE:UDR) by 24.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,156 shares of the real estate investment trust’s stock after purchasing an additional 3,567 shares during the period. iA Global Asset Management Inc.’s holdings in UDR were worth $788,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of UDR. Brooklyn Investment Group purchased a new stake in shares of UDR in the 3rd quarter worth approximately $33,000. Continuum Advisory LLC lifted its position in shares of UDR by 5,335.3% in the 3rd quarter. Continuum Advisory LLC now owns 924 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 907 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of UDR by 68.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 491 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of UDR by 62.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 520 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of UDR in the 4th quarter worth approximately $63,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of UDR from a “buy” rating to a “hold” rating and lowered their price target for the stock from $50.00 to $45.00 in a research report on Thursday, January 2nd. Mizuho decreased their target price on shares of UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. StockNews.com raised shares of UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Barclays decreased their target price on shares of UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company decreased their target price on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, UDR has a consensus rating of “Hold” and an average target price of $46.12.

Insider Transactions at UDR

In other news, CEO Thomas W. Toomey sold 25,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $42.75, for a total value of $1,068,750.00. Following the sale, the chief executive officer now owns 824,716 shares in the company, valued at $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.73% of the company’s stock.

UDR Trading Down 0.6 %

NYSE UDR opened at $43.36 on Friday. The company has a fifty day simple moving average of $42.75 and a two-hundred day simple moving average of $43.77. The stock has a market cap of $14.36 billion, a P/E ratio of 173.44, a P/E/G ratio of 8.67 and a beta of 0.88. UDR, Inc. has a 12-month low of $35.14 and a 12-month high of $47.55. The company has a current ratio of 5.61, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. On average, analysts forecast that UDR, Inc. will post 2.51 earnings per share for the current year.

UDR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.97%. This is a positive change from UDR’s previous quarterly dividend of $0.43. UDR’s dividend payout ratio is presently 688.00%.

UDR Company 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.