UDR, Inc. (NYSE:UDR) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in UDR, Inc. (NYSE:UDR) by 21.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,068 shares of the real estate investment trust’s stock after acquiring an additional 3,965 shares during the period. O Shaughnessy Asset Management LLC’s holdings in UDR were worth $958,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Continuum Advisory LLC boosted its holdings 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 valued at $41,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in UDR by 68.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 491 shares during the last quarter. Salem Investment Counselors Inc. grew its position in 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 valued at $59,000 after acquiring an additional 520 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in UDR during the fourth quarter worth about $63,000. Finally, Eastern Bank purchased a new position in shares of UDR in the 4th quarter worth about $68,000. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

UDR Price Performance

Shares of UDR stock opened at $39.25 on Tuesday. The firm has a market cap of $13.00 billion, a P/E ratio of 157.01, a P/E/G ratio of 8.67 and a beta of 0.78. The firm has a fifty day moving average of $43.33 and a two-hundred day moving average of $43.60. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.61 and a quick ratio of 5.91. UDR, Inc. has a 1-year low of $35.14 and a 1-year high of $47.55.

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

UDR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.43 per share. This is a positive change from UDR’s previous quarterly dividend of $0.43. This represents a $1.72 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Thursday, April 10th. UDR’s dividend payout ratio is currently 688.00%.

Insider Buying and Selling

In other UDR 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 transaction of $1,068,750.00. Following the sale, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at approximately $35,256,609. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UDR shares. Scotiabank boosted their target price on UDR from $48.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. StockNews.com upgraded shares of UDR from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Mizuho cut their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Barclays decreased their target price on UDR from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.12.

About UDR

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.