Castellan Group Cuts Stock Position in UDR, Inc. (NYSE:UDR)

Castellan Group cut its holdings in shares of UDR, Inc. (NYSE:UDR) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,579 shares of the real estate investment trust’s stock after selling 6,686 shares during the period. UDR comprises about 1.5% of Castellan Group’s portfolio, making the stock its 28th biggest position. Castellan Group’s holdings in UDR were worth $3,455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in UDR by 4,436.2% during the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock worth $2,005,000 after purchasing an additional 43,253 shares during the period. Los Angeles Capital Management LLC grew its position in shares of UDR by 1,665.3% during the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after buying an additional 348,520 shares in the last quarter. MQS Management LLC acquired a new position in shares of UDR during the third quarter worth about $712,000. JPMorgan Chase & Co. grew its position in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock worth $352,498,000 after buying an additional 368,087 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of UDR by 7.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 95,344 shares of the real estate investment trust’s stock worth $4,139,000 after buying an additional 6,217 shares in the last quarter. 97.84% of the stock is currently owned by hedge funds and other institutional investors.

UDR Price Performance

UDR stock opened at $42.56 on Thursday. The company has a market capitalization of $14.04 billion, a P/E ratio of 170.24, a PEG ratio of 11.72 and a beta of 0.88. UDR, Inc. has a twelve month low of $34.19 and a twelve month high of $47.55. The business has a 50 day simple moving average of $42.56 and a 200-day simple moving average of $43.48. The company has a current ratio of 1.32, a quick ratio of 5.91 and a debt-to-equity ratio of 1.71.

UDR (NYSE:UDR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.63 earnings per share 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%. As a group, equities analysts anticipate that UDR, Inc. will post 2.51 EPS for the current year.

UDR Dividend Announcement

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

Analyst Ratings Changes

UDR has been the subject of a number of analyst reports. StockNews.com raised UDR from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Scotiabank lowered their price objective on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Mizuho lowered their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada boosted their price objective on UDR from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $45.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.