Winebrenner Capital Management LLC Buys Shares of 12,000 UDR, Inc. (NYSE:UDR)

Winebrenner Capital Management LLC purchased a new position in shares of UDR, Inc. (NYSE:UDR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,000 shares of the real estate investment trust’s stock, valued at approximately $521,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in UDR by 14.8% in the third quarter. FMR LLC now owns 11,401,026 shares of the real estate investment trust’s stock worth $516,923,000 after purchasing an additional 1,471,855 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of UDR by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after acquiring an additional 368,087 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in UDR by 2.3% in the third quarter. Daiwa Securities Group Inc. now owns 7,109,980 shares of the real estate investment trust’s stock worth $322,366,000 after purchasing an additional 159,625 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in UDR by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,272,032 shares of the real estate investment trust’s stock valued at $193,694,000 after purchasing an additional 117,213 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of UDR by 862.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,086,964 shares of the real estate investment trust’s stock valued at $139,963,000 after purchasing an additional 2,766,172 shares during the period. Institutional investors own 97.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Mizuho cut their price objective on UDR from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Royal Bank of Canada upped their price target on shares of UDR from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Evercore ISI lifted their price objective on shares of UDR from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Zelman & Associates reissued a “neutral” rating on shares of UDR in a research note on Thursday, February 13th. Finally, Wells Fargo & Company reduced their target price on shares of UDR from $48.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, UDR has an average rating of “Hold” and an average price target of $46.18.

Insider Buying and Selling

In other UDR news, CEO Thomas W. Toomey sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $42.75, for a total value of $1,068,750.00. Following the transaction, the chief executive officer now directly owns 824,716 shares of the company’s stock, valued at $35,256,609. This represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.73% of the stock is owned by corporate insiders.

UDR Trading Down 0.4 %

Shares of NYSE UDR opened at $42.84 on Friday. The firm has a market capitalization of $14.19 billion, a PE ratio of 171.36, a PEG ratio of 8.67 and a beta of 0.88. UDR, Inc. has a one year low of $34.76 and a one year 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. The business has a 50-day moving average price of $42.31 and a two-hundred day moving average price of $43.55.

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 the consensus estimate of $0.10 by $0.53. UDR had a net margin of 5.36% and a return on equity of 2.65%. As a group, analysts predict that UDR, Inc. will post 2.51 earnings per share for the current fiscal year.

UDR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, January 10th. UDR’s dividend payout ratio (DPR) is presently 680.00%.

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.